Norsk Hydro’s subsidiary Hycast has received an order for four aluminum ingot casting lines worth NOK200mn ($24mn) from Innovation Group.
Hydro indicated in a media release on Thursday that it will deliver low-pressure casting systems for extrusion ingots, siphon inert reactors, and other casting equipment. This will be Hycast’s biggest order since it started some 30 odd years ago. Four lines will be delivered, starting in Q3 2022, and are expected to be commissioned late next year.
Innovation Group is the largest producer of extrusion ingots in China, with an annual capacity of 5.1mn mt across its plants. Hycast is a research and development spin-off from Hydro and was set up in 1990. The company also has offices in China, which coordinated this deal.