Joint venture between Sapa and Hydro sealed

From left: Svein Richard Brandtzæg (CEO Hydro), Svein Tore Holsether (CEO Sapa)
From left: Svein Richard Brandtzæg (CEO Hydro), Svein Tore Holsether (CEO Sapa)

Sapa, a subsidiary of the Norwegian company Orkla ASA, and Norsk Hydro ASA, which manufacturers aluminium tubes and extruded profiles for frames of photovoltaic modules and solar collectors, among other things, have created a joint venture to become the leading global provider of aluminium solutions. The two companies are merging their businesses in the area of extruded aluminium into the new company Sapa AS, based in Oslo.

Hydro and Orkla had already decided to form the joint venture in October 2012 and founded it on 1 September, after the last pending approval by Chinese antitrust authorities was granted. The two companies each hold a 50 percent stake in Sapa AS.

"Sapa is well positioned to capture future growth opportunities, driven by the increasing demand for sustainable aluminium solutions in lighter vehicles, energy-efficient buildings and other industrial applications," Svein Tore Holsether, CEO of Sapa, said.

The new company employs 23,000 people at around 100 locations in over 40 countries. Sapa AS occupies a leading position in Europe and North America and is also present in emerging markets such as Brazil, China, India and Vietnam.

Jeannine Gehle

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