logo
  

Norsk Hydro To Sell Malaysian Rolling Mill - Quick Facts

Norwegian aluminum producer Norsk Hydro ASA (NHYDY.PK,NHYKF.PK,NHY) reported signing a binding deal to sell its aluminium rolling mill in Malaysia to Nippon Foil Mfg. Co., Ltd., a subsidiary of Japan-based UACJ Corp., for $20 million.

The aluminium foil plant in Pasir Gudang, Malaysia started commercial production in 1985. It was taken over by Hydro in 2002, via. the acquisition of VAW aluminium AG, and thoroughly revamped. With around 170 employees, the rolling mill produces nearly 12,000 metric tons of aluminium products every year.

The transaction may close by end of 2013, subject to the approval from the Ministry of International Trade and Industry of Malaysia.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Ontario, Canada-based Erie Meat Products Ltd. is recalling approximately 1,224 pounds of fully cooked chicken bologna products, according to the U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS. The chicken bologna products were imported and distributed into the United States without the benefit of FSIS import reinspection. The U. S. Food and Drug Administration or FDA has issued a public health alert against Fulvic Care Powder and Tablets from Ontario, Canada -based Black Oxygen Organics due to elevated levels of lead and arsenic. The agency advised consumers not to use Fulvic Care Powder and Tablets from Black Oxygen or give the products to pets due to elevated levels of lead and arsenic. Alexander & Hornung, a business unit of Perdue Premium Meat Co., Inc., is recalling around 234,391 pounds of fully cooked pork products citing possible contamination with Listeria monocytogenes, the U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS announced. The recall involves ham and pepperoni products that come under various brands and produced on various dates.
RELATED NEWS
Follow RTT