As a result of the development of about EUR 88 million, the large aluminium and energy company Hydro will create 70 new jobs by building a foundry with a capacity of 90,000 tonnes next to its Hungarian pressing plant. Hungarian taxpayers contribute to the costs with about EUR seven million according to a government decision.
As a result of the development in Székesfehérvár, Hydro will be able to process and recycle all technological waste generated by the company and thus – taking full account of sustainability aspects – create a closed production chain and high added value for its customers.
Hydro, with a history of nearly 120 years, has been present in Asia, Europe, North and South America, and also in the Pacific, and the group has more than 140 locations worldwide and interests in 40 countries. Their products and services are used by various industry stakeholders from the automotive industry through the construction and packaging industry to general engineering.
Hydro has been present in Hungary for decades, and their factory in Székesfehérvár with 6 aluminium pressing lines, multiple surface coating technologies, and nearly 300 machines for fabrication, is one of Europe's largest pressing plants primarily supplying automotive clients. In addition to the production activity, the company also provides business services to Hydro's businesses.
Hydro Extrusion Hungary Kft. has the largest and most modern European extrusion plant in the Hydro Group producing between 30 and 35 thousand tonnes of scrap metal in Székesfehérvár, which is then shipped to Romania or Slovakia for recycling. The aim of the company is to become a fully integrated site by building a 90,000-ton capacity foundry next to the Hungarian pressing plant. With this, the company will be able to process all internal waste generated on site, so that following the completion of the new investment – contrary to the previous common practice – it will no longer be necessary to transport the waste to Romania or Slovakia.
The company manufactures parts for most European and American premium category cars with particular emphasis on the electric car market not only by manufacturing, but also developing; for example, Land Rover, Jaguar, and Porsche use technology developed at the company, the Hungarian Investment Promotion Agency reports.
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