Hydro is set to invest USD 151.86 million in a new wire rod cast facility at its aluminium smelter in Karmøy, Norway. The facility will supply essential aluminium for Europe’s energy infrastructure, and is scheduled to begin its production in 2028.
Mar 22, 2025
Hydro, a leading aluminium and renewable energy company, is set to invest USD 151.86 million in a new wire rod cast facility at its aluminium smelter in Karmøy, Norway. Scheduled to begin production in 2028, the facility will supply essential aluminium for Europe’s energy infrastructure.
With an annual capacity of 110,000 tonnes, the cast house represents Hydro’s most significant investment in Norway in a decade. The new casthouse will produce aluminium wire for power cables in Europe, playing a pivotal role in supporting Europe’s energy transition. Aluminium is defined by the EU as a critical material, and Norway currently accounts for 40 percent of the aluminium produced in Europe.
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Eivind Kallevik, President and CEO of Hydro, emphasized that the investment will expand the company’s wire rod production capacity, providing customers with low-carbon solutions crucial for the development and expansion of Europe’s energy infrastructure. He noted that the move reflects the strong growth potential of Norway’s aluminium industry.
The project is subject to a final investment decision, anticipated in the fourth quarter of 2025. It is part of Hydro’s broader annual investment plan, which totals approximately USD 1.42 billion.
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Hydro’s Karmøy plant is one of Europe’s largest primary aluminium facilities, with an annual output of 270,000 tonnes of primary aluminium and 220,000 tonnes of cast house products. The site also features an innovative pilot plant equipped with the energy-efficient aluminium production technology, alongside two existing cast houses specializing in extrusion ingots and wire rods.
