Hydro to build new $156m wire rod casthouse in Norway [Yahoo! Finance]
Rio Tinto Plc (RIO)
US:NYSE Investor Relations:
riotinto.com/investors-87.aspx
Company Research
Source: Yahoo! Finance
The facility is designed to produce aluminium wire for power cables for the European market and support the region's critical energy infrastructure. The casthouse will have a production capacity of 110,000 tonnes per annum (tpa) and is expected to begin production in 2028. A final decision on the project is expected in the fourth quarter of 2025. The new facility will allow Hydro to capitalise on the growing market for aluminium wire and is part of the company's annual investment plans, which total around Nkr15bn. Hydro president and CEO Eivind Kallevik said: “This investment will expand the capacity of wire rod to supply our customers with low-carbon solutions needed to develop and expand Europe's most critical infrastructure. This demonstrates th
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RIO
Sec Filings
- 4/25/25 - Form SD
- 4/23/25 - Form SCHEDULE
- 4/2/25 - Form 6-K
- RIO's page on the SEC website