Norsk Hydro: Hydro to close five European extrusion plants

26 Nov 2025 10:00 CET

Hydro has decided to consolidate the Extrusions operations in Europe with a
proposal to close five of its European plants. This move is made to optimize the
extrusion footprint in Europe and strengthen competitiveness.

The decision will affect Hydro Extrusions' production plants in Cheltenham and
Bedwas in the UK, Lüdenscheid in Germany, Feltre in Italy, and Drunen in the
Netherlands. A formal consultation process with employee representatives at the
affected plants will begin immediately. If confirmed, the sites will be closed
during 2026.

The decision to optimize the European extrusion footprint is based on a detailed
review and analysis of the performance and market situation, with the aim to
strengthen the long-term competitiveness of Hydro Extrusions' business in
Europe.

"The reality in the European market requires decisive action. Decisions like
this never come easy, but they are necessary. We will carry out the process with
full focus on safety, and with a commitment to treat everyone affected fairly
and with respect," says President and CEO, Eivind Kallevik.

The proposed closure affects 730 employees across the five plants. The plants
have a combined total of eight extrusion presses, various added value processes
and three recycling units.

"We will continue to have a strong presence in the European markets, and we are
determined to serve our customers with dedication and a high service level,"
says Kallevik.

Hydro remains fully committed to the European extrusion markets, and the
proposed changes will not affect the commitments and service levels to
customers. If the decision to close is confirmed, customers that are currently
being served by the affected locations will receive their products from other
Hydro locations.

Hydro Pole Products, currently consolidated with the Drunen plant, will not be
affected by the restructuring.

After the proposed changes, Hydro will have 28 extrusion plants and five
recycling facilities in the Extrusion Europe business unit and a total of 7,000
employees.

The total restructuring cost is estimated to NOK 1.9 billion, with NOK 460
million of impairment charges and NOK 1.25 billion of provisions expected to be
taken in Q4 2025. Costs of around NOK 50-100 million will impact the Adjusted
EBITDA in Q4 2025. The expected run rate improvements from the restructuring are
in excess of NOK 0.5 billion per year.


Investor contact:
Elitsa Blessi
+47 91775472
Elitsa.Blessi@hydro.com

Media contact:
Anders Vindegg
+47 93864271
Anders.Vindegg@hydro.com

This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act

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