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Norsk Hydro likely to close German aluminium plant

Monday, Apr 12, 2010
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DOHA, April 11 (Reuters) - Norway's Norsk Hydro (NHY.OL) was likely to close Germany's biggest aluminium smelter plant due to high energy costs, Hydro's chief financial officer said on Sunday.


The company had yet to make a final decision on the Rheinwerk plant in Neuss, but production was already curtailed by 90 percent, Jorgen Arentz Rostrup told Reuters in an interview in the Qatari capital.


"It is a fantastic plant but the energy situation in Germany makes it extremely challenging to run,” said Rostrup. “It's more likely that it will close but we haven't decided yet.”

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