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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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