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Hydro to close the Hydro Precision Tubing Pune plant in India百姓彩票手机下载,百姓彩票正式版下载 ,百姓彩票投注

Hydro’s business area Extruded Solutions has decided to close the Hydro Precision Tubing Pune plant in India with immediate effect as of June 20, 2020. The basis for continued operation is not present.

Hydro PT Pune has made losses in 2019 and is expected to make a loss also in 2020. The long-term market outlook is negative for PT Pune, as most products are used for the combustion engine market where demand for Pune products is declining.

Hydro Precision Tubing remains committed to the precision tubing markets globally and will continue to have a strong footprint in Europe, Asia and North- and South America, maintaining its close cooperation and good relations with customers.

The Pune plant employs 61 people.

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Line Haugetraa 百姓彩票手机下载,百姓彩票正式版下载 ,百姓彩票投注

Head of Investor Relations

Therese Rød Holm

Therese R?d Holm 百姓彩票手机下载,百姓彩票正式版下载 ,百姓彩票投注

VP Head of Communication and Public Affairs, Extruded Solutions