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Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: emaildelivery@businesswire.com X-To: TX-INDUSTRIAL-INFO-RES@businesswire.com X-cc: X-bcc: X-Folder: \ExMerge - Thomas, Paul D.\Deleted Items X-Origin: THOMAS-P X-FileName: paul d thomas 6-26-02.PST Welcome to eMail News Delivery, a service from Business Wire. Here is your Industrial Information Resources Inc. news release. If you have received this in error please send a message to: eMailDelivery@businesswire.com with the following command in the body of the message: unsubscribe TX-INDUSTRIAL-INFO-RES If you have questions about this service, please contact your Business Wire Account Executive or service@businesswire.com BW2013 JAN 21,2002 2:05 PACIFIC 05:05 EASTERN ( BW)(TX-INDUSTRIAL-INFO-RES) Hydro Aluminum Investment in North American Secondary Aluminum Sector to Exceed $100 Million, in an Advisory by Industrialinfo.com Business/Energy Editors HOUSTON--(BUSINESS WIRE)--Jan. 21, 2002--The following is an advisory by Industrialinfo.com (Industrial Information Resources Inc.; Houston). Despite a somewhat depressed secondary aluminum market, Hydro Aluminum Metal Products North America (Louisville, Ky.) a subsidiary of Norsk Hydro ASA (NYSE:NHY) (Oslo, Norway) will spend over $100 million on new facilities over a five year period. As part of a continuing strategy to expand its international network of secondary aluminum smelters, which includes five in Europe, Hydro Aluminum has started construction of its second grassroot North American secondary aluminum smelter to be located in Commerce, Texas. The $37 million plant is scheduled to start operations late this year. The plant will produce 90,000 metric tons a year of aluminum billet from recycled scrap for sale to extruders and other aluminum end users. 2001 was an active year for Hydro, not only did they open their first grassroot secondary aluminum smelter in Henderson, Ky., they also acquired Wells Aluminum and its associated secondary smelter in Monett, Mo. This will give the company three secondary aluminum smelters with a total capacity of 260,000 metric tons starting in 2003 when the Commerce plant will be in full operation. The company has plans on the drawing board for a fourth smelter to supply the northeastern U.S., once market conditions necessitate the demand. As competitors have downsized recently, Hydro Aluminum has gone against the grain utilizing its industry experience and energy efficient technology to become a world leader in the aluminum billet market. Norsk Hydro is an industrial leader-based in Norway and focused on world growth of oil and gas resources, light metals and agricultural. Industrialinfo.com provides daily news related to the industrial market place including forecasts, outlooks, industry alerts, and databases for the energy and industrial markets. For more information on trends and upcoming construction activities for the metals & minerals or energy markets as well as other industrial sectors send inquiries to metalsandmineralsgroup@industrialinfo.com or visit us at www.industrialinfo.com. --30--HM/ho* CONTACT: Industrialinfo.com, Houston Joseph Govreau, 713/783-5147 KEYWORD: TEXAS KENTUCKY MISSOURI NORWAY INTERNATIONAL EUROPE INDUSTRY KEYWORD: CHEMICALS/PLASTICS ENERGY MINING/METALS OIL/GAS SOURCE: Industrialinfo.com For the best viewing of the news releases please use the following email settings: Courier 10 point. -Notice of Copyright and General Disclaimer- © 2000 Business Wire. All of the releases provided by Business Wire are protected by copyright and other applicable laws, treaties and conventions. Information contained in the releases is furnished by Business Wire`s members who are solely responsible for their content, accuracy and originality. All reproduction, other than for an individual user`s reference, is prohibited without prior written permission. - Notice of Copyright and General Disclaimer -- © 1999 Business Wire. All of the releases provided by Business Wire are protected by copyright and other applicable laws, treaties and conventions. Information contained in the releases is furnished by Business Wire`s members who are solely responsible for their content, accuracy and originality. All reproduction, other than for an individual user`s reference, is prohibited without prior written permission.
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