(ADPnews) - Jan 19, 2011 - Norwegian aluminium major Norsk Hydro ASA (OSL:NHY) said Tuesday it will invest NOK 315 million (USD 54.3m/EUR 40.3m) to add two aluminium extrusion presses at its plant in Suzhou, China, which now has one press.
The sum also includes installation, building and construction, and auxiliary equipment.
One of the presses will be dedicated to heat transfer components and systems, while the other will be aimed at industrial customers who require added value services such as fabrication or surface treatment.
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