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Hydro Completes Apart Alumina Refinery Transaction

Jul 6 2004

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Hydro completed the acquisition of the 65 per cent interest in the Jamaican alumina refinery Alpart. According to an agreement signed May 25, 2004, Hydro immediately sold this interest on to the Switzerland based Glencore AG at identical terms.

These transactions will not generate any accounting effect for Hydro.

Hydro will remain a partner in Alpart with an interest of 35 per cent, which Hydro has held since the late 1980’s. Hydro’s annual alumina off-take from Alpart is approximately 570,000 tonnes, which is used in the company’s global primary aluminium production.

For more information on alumina, click here.

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