Hydro-Backed Slovalco Secures Framework to Resume Aluminium Production in Slovakia
4 Articles
4 Articles
Aluminum production could begin as early as next year.
The Orava factory, like Slovalco in Žiar, is running at minimum capacity due to high energy prices. Out of seven furnaces, only one is turned on. It is pleased with the new government aid, but it will gradually increase its capacity as compensation increases. The government's decision to increase refunds from payments for emission quotas to the amount of 140 million euros per year will help the entire domestic energy sector […]
Norsk Hydro’s Slovak aluminium smelter to partially restart production
Norsk Hydro said on Wednesday its Slovalco aluminium joint venture had struck an agreement with the Slovak government to partially restart production after a four-year shutdown, with the deal including a new long-term power supply contract.The pact paves the way for the restart of 75,000 metric tons per year of smelting capacity, with production expected to resume in the fourth quarter of 2026, Hydro said.Restoring the remaining 100,000 tons of …
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