The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture Of Basic Metal And Fabricated Metal Products Manufacture Of Basic Metals 24.42 - Aluminium production
150 jobs Number of planned job creations
Announcement Date
27 June 2005
Employment effect (start)
Foreseen end date
Description
The Oslo-based Norsk Hydro is the leading oil and gas producer in the world, besides being Europe's largest, and the world's third largest company in the aluminum industry. It is active in more than 40 countries. The group employs 36,000 people worldwide. Hydro Aluminium Győr Kft. is a subsidiary owned by Norwegian Norsk Hydro. The company, established in 1993, has produced aluminum engine-blocks and cylinder-heads since summer 1997, when the first factory unit was opened. The company invested €20 million in the opening a new factory unit in 2001. In June 2005, Hydro Aluminium announced the building of its third plant in the frame of a greenfield investment supplementing the existing units.
Sources
27 June 2005: Napi Gazdaság
Citation
Eurofound (2005), Hydro Aluminium, Business expansion in Hungary, factsheet number 61810, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61810.
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