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Hydro and Orkla’s Sapa will combine downstream aluminium ops
October 15, 2012 - 16:20 GMT
Norsk Hydro and Orkla ASA, owner of the Sapa Group, have agreed to combine all of their aluminium profiles, building systems and tubing businesses into a 50/50 joint venture, the companies announced on Monday October 15.
The new company – to be named
Sapa – will comprise the profiles and building
system, as well as extruded and weslded tubes, of Orkla's
fully-owned Sapa and all of Hydro's extruded products
businesses. It will have "leading positions in Europe and North
America, and strong footholds in emerging markets, including
Brazil, Argentina, China, India and...
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Euromoney Institutional Investor PLC.
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