Hydro and Talum Enter Agreement

Thursday, October 09, 2003
Hydro Aluminium has entered into a long-term purchase agreement with the Slovenian aluminium producer Talum for foundry alloy casthouse products. Talum will supply Hydro with an average of 70,000 tonnes of foundry alloy products per year over the next seven years. This new supply contract comes in addition to the ongoing agreement under which Hydro annually purchases approximately 50,000 tonnes of extrusion ingot from Talum. The new purchase agreement will start 1 January 2004 and run through 2010. Hydro and Talum have been cooperating closely since 1987, including Hydro's supply of alumina for Talum's primary aluminium production. Hydro Aluminium has developed an annual business volume of more than 3 million tonnes of aluminium casthouse products, this volume being based on approximately 1.4 million tonnes of equity primary aluminium production, a unique network of aluminium recycling and remelting facilities in most major metal markets, as well as third party supply contracts like the one Hydro has now further developed with Talum. This metal supplier concept is built on Hydro Aluminium's casting technology, operational know-how and its strong global market positions. This new agreement means a continuation of our good cooperation with Hydro Aluminium," says Danilo Toplek, President of Talum's Management Board. "We are pleased about the agreement and convinced we will be able to combine the strengths of the two companies in the best way." Helge Jansen, head of Hydro Aluminium's Foundry Alloy Business Unit in the Metal Product Sector, supports this view. "This additional capacity will help Hydro Aluminium support the growth strategy of our customers in Central, Eastern and Southern Europe. Talum is known for its top product quality and reliability, combined with a flexible customer approach. This fits in very well with our way of thinking."
Maritime Reporter March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Blackstone Unlikely to Enter Commodities Trade

Blackstone exec doesn't expect move into commodities in near term Blackstone Group LP is unlikely to make a foray into commodity trading in the short term as

Cargill to Buy 100,000mt of Certified Ivorian Cocoa

U.S. agribusiness trader Cargill aims to purchase 100,000 metric tons of certified Ivorian cocoa this season, up slightly from 95,000 metric tons last season, West

CMA CGM Strengthens Madagascar Presence

Since the creation of CMA CGM Madagascar in 2003, container shipping company CMA CGM Group has continued to develop on the island to move closer to its valued customers

Ports

CMA CGM Strengthens Madagascar Presence

Since the creation of CMA CGM Madagascar in 2003, container shipping company CMA CGM Group has continued to develop on the island to move closer to its valued customers

McDermott Signs Agreement for North Sea Spoolbase

McDermott International, Inc. announced that one of its subsidiaries has signed an option agreement with PD Ports which gives it the exclusive right to operate

Ice Hurts March’s Lakes Ore Shipments

Massive, thick ice formations on the Great Lakes limited iron ore shipments in March to 1.1 million tons, a decrease of 43 percent compared to a year ago, the Lake

 
 
Maritime Contracts Maritime Security Naval Architecture Navigation Pipelines Pod Propulsion Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1117 sec (9 req/sec)