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Norsk Hydro Asa ( (GB:0Q11) ) has issued an announcement.
Hydro plans to further consolidate its European extrusion operations by proposing the closure of its Lucé plant in France, affecting about 80 employees and potentially shutting the site in 2026 after a formal consultation process. The plant, which has two extrusion presses and has been part of Hydro since 1986, is co-located with an aluminium recycling facility that will continue operating.
The move follows earlier decisions to close five other European extrusion plants, including two in the U.K. scheduled to shut in the second quarter of 2026, as Hydro seeks to optimize its footprint and strengthen long-term competitiveness in a challenging European market. The company says customer service levels and market commitments will be maintained by reallocating production to other sites, while total restructuring costs are estimated at NOK 260 million, including impairments and provisions largely hitting results in the first quarter of 2026.
The most recent analyst rating on (GB:0Q11) stock is a Hold with a NOK80.00 price target. To see the full list of analyst forecasts on Norsk Hydro Asa stock, see the GB:0Q11 Stock Forecast page.
More about Norsk Hydro Asa
Norsk Hydro ASA is a global aluminium and energy company with extensive extrusion and recycling operations across Europe. The group supplies aluminium profiles and related solutions to industrial and construction customers, maintaining a significant presence in key markets such as France and the United Kingdom while focusing on operational efficiency and competitiveness.
Average Trading Volume: 4,196,373
Current Market Cap: NOK177B
Find detailed analytics on 0Q11 stock on TipRanks’ Stock Analysis page.