HYDRO ALUMINIUM INAUGURATES NEW ALUMINA CAPACITY
04 April 2003 - Hydro Aluminium

Alunorte’s annual production capacity will increase from 1.6 million tonnes of alumina to 2.4 million tones – an increase of 50 percent. Hydro has participated in the expansion project with 50 percent, thus increasing its share of Alunorte from approximately 25 percent to 34 percent. Alunorte has the lowest conversion cost worldwide in the alumina industry.

This stake entitles Hydro to more than 800,000 tonnes per year of alumina, which is used as a raw material in Hydro Aluminium’s global primary aluminium production and contributes to further improve the cost position of the Hydro Aluminium primary aluminium production.

The expansion of Alunorte enables Hydro to cover approximately 50 percent of its alumina requirements from equity production.

In addition to increasing alumina capacity, the Alunorte project has included the construction of new port facilities and additional power generating capacity. The project’s investments total USD 300 million.

The Alunorte project has met its 30-month time schedule and has been completed well inside the initial budget.

Alunorte, located near Belem, the state capital of Para in northeastern Brazil, has a staff of 650 people.

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