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$400 Million Ogun Stellar Steel Plant Breaks Ground In Nigeria
Construction Review
$400 Million Ogun Stellar Steel Plant Breaks Ground In NigeriaThe Federal Government of Nigeria has taken a crucial step to slash Nigeria’s $4 billion annual steel import bill with the groundbreaking of a $400 Million Ogun Stellar Steel Plant owned by Inner Galaxy Group in Ogun State. The Minister of Steel Development, Shuaibu Audu, who performed the official groundbreaking ceremony of the steel plant, said the move is aimed at revitalising the country’s steel sector and reducing dependence on imports. Project name: Stellar Steel Plant Investor: Inner Galaxy Group Location: Ogun State, Nigeria (specific location within the state is not detailed in the provided sources but is situated on over 100 hectares of land). Investment value: $400 million Expected completion: April 2026 Products: Hot-rolled coil, a key raw material for industries including: Capacity: The specific production capacity in tonnes per annum is not explicitly stated in the provided sources. However, the plant is expected to significantly reduce Nigeria’s $4 billion annual steel import bill. Job creation: Over 3,500 direct and indirect jobs are expected to be generated. Industrial growth: The plant is anticipated to bolster industrial development in Nigeria. Backward Integration: Production of hot-rolled coil locally supports other manufacturing sectors. Also read: Dangote to build Nigeria’s largest seaport in Ogun State, expands cement capacity to 18 million tons This information was revealed in a statement that was signed by the Principal Information Officer, Ijomah Opia, on Thursday. Located on over 100 hectares of land, the Stellar Steel Plant is expected to produce hot-rolled coil. This is a key raw material for various industries including construction, automotive, and manufacturing. The project is anticipated to significantly bolster the nation’s foreign exchange earnings by reducing steel imports while also contributing to economic diversification away from oil and gas. According to the minister, the facility will enhance industrial growth. It will also generate more than 3,500 direct and indirect jobs, thereby contributing to the administration’s employment drive and economic development agenda. “This groundbreaking ceremony is a crucial milestone in our journey to revive Nigeria’s steel industry. The completion of this steel plant will reduce our reliance on foreign steel, conserve foreign exchange, and position Nigeria as a key player in the regional and global steel market. The Stellar Steel plant, which will sit on over 100 hectares of land once completed. Furthermore, it is expected to produce hot-rolled coil thereby reducing Nigeria’s $4 billion annual steel import bill. This will strengthen the nation’s foreign-exchange position, growing, and diversifying the economy away from oil and gas and also creating over 3,500 direct and indirect jobs for Nigerians,” Audu said. Also read: Nigeria’s $3.3 Billion Brass Industrial Park and Methanol Complex He also reaffirmed Nigeria’s government commitment to supporting investors in the steel secto. This is showcased through policies that encourage local production, ensure ease of doing business, and drive sustainable industrial development. The event followed the recent commissioning of the African Industries Group’s Galvanised Steel Plant in Lagos. This is a facility with an estimated annual turnover of $100 million. The statement noted that both events were part of the Minister’s one-week working visit to Lagos and Ogun States to engage with key private players in the steel sector. The minister also expressed confidence in the capacity of the Inner Galaxy Group to deliver on its plans for the completion of the Stellar Steel Plant. Additionally, he expects to commission the completed plant by next April 2026. “As you are all aware, this is one of the most robust cabinet teams that has been put together by any President since the advent of the democratic dispensation in the Fourth Republic in 1999 because President Tinubu is renowned for selecting the best hands and leaders to actualise his vision,” he added.
factory
Apr 25, 2025
Chobani Announces Us$1.2 Billion Yogurt Plant In Rome, New York
Construction Review
Chobani Announces Us$1.2 Billion Yogurt Plant In Rome, New YorkChobani, one of the largest yogurt producers in the United States has announced that it will be constructing a US$1.2 billion plant in Rome, Oneida County. This is one of the largest yogurt plant investments in the nation. It will make New York the number one producer in the country. Along with the large investment announcement, the company also stated that the project is expected to bring numerous benefits to the community. These benefits include the employment of over 1,000 locals during production which will help support numerous families across the state. Also Read Construction Begins on New York City’s First-Ever Professional Soccer-Specific Stadium, Etihad Park The plant will be built in the Griffiss Business and Technology Park, located in Rome. The Chobani yogurt plant will take up 1.4 million square feet. Additionally, the plant will be able to process over a billion pounds of yogurt and other dairy products yearly. Furthermore, the company has been offered US$73 million in state tax credit for the plant. The location of the billion-dollar plant is also significant as there are over 3,000 dairy farms in New York. They all produce over 16 billion pounds of milk each year which will be to Chobani’s benefit as this is their main ingredient.  Location: Griffiss Business and Technology Park, Rome, New York Project cost: US$1.2 billion Scope: 1.4 million square feet With a market share of 20% in the United States, the company was established in New York state nearly two decades ago. It has since grown tremendously. Further, it also recently announced a US$500 million expansion plan for their facility in Twin Falls Idaho. This upgrade is set to bring the factory to the same level as the planned Rome facility. Additionally, it operates two factories in Chenango County. These include the original plant in South Edmeston and the second plant in New Berlin. The company currently has approximately 500 employees in New York alone but once the plant is completed, the number is set to triple. Also Read Bravo Property Trust finances New York residential tower
factory
Apr 24, 2025
Tender Launches For Africa’S Largest Shipyard In Morocco
Construction Review
Tender Launches For Africa’S Largest Shipyard In MoroccoMorocco’s National Ports Agency (MNP) has opened an international tender for a 30 years concession to take charge of Africa’s Largest Shipyard in Morocco, a $300million project in Casablanca that purposes to replicate the country’s success in automotive manufacturing. The state- run agency is looking experienced operators to develop equipment and, manage the 52-acre facility, ANP Communications Director Abdellatif Lhouaoui told Bloomberg in a telephone interview. Location: Casablanca, Morocco Operator: Tender process underway by the National Ports Agency (ANP) for a 30-year concession. Size: 52-acre facility Cost: $300 million Key infrastructure: Significance: Tender requirements: Potential bidders: Also read: $32.5 Billion Morocco’s Hydrogen Projects Approved ‘’We aim to capture demand from the saturated shipyards in southern Europe and cater to African ships going to Europe,’’ he said According to Spanish outlet El Confidencial, the surpasses the existing shipyards across Africa, including South Africa’s recreational vessel facilities and notably s current Morocco’s smaller operations in Casablanca and Agardir which primarily service fishing vessels. The new shipyard’s speculations, detailed in ANP’s official tender document and dated April 7, highlights four major installations. These include a 244-meter by 40-meter dry dock; a 150 meter by 28-meter lifting platform with a 9,000-tonne capacity, a 62-meter by 13 -meter basin equipped with a 450- ton gantry crane; and 820 linear meters of outfitting quay. The facility encompass21 hectares of open terrain for operations. The industry sources cited by El Confidencial show French Naval Contractor Naval Group and South Korea’s Hyundai, operator of the world’s largest shipyard in Ulsan, are likely frontrunner of the contract. Spain’s state-owned Navantia ‘’appears to have very few options’’, as the Casablanca facility is reportedly designed compete with Spanish operation, the publication suggested. ‘’It’s a niche activity which bidders can totally propose. We want to replicate the car industry story,’’ Lhouaoui told Bloomberg, noticing that bidders can propose shipbuilding components during the tender process. The facility will service commercial, military, and fishing vessels, allowing Morocco to maintain its military fleet domestically rather than spending ‘’hard currency’’ abroad- a significant advantage for a country planning to loosen its currency peg in 2026. The development follows Morocco’s successful maritime and industrial expansion pattern. The country’s Tanger-Medport recorded an 18.8% growth in 2024, processing 10.24 million containers. This growth contrasts with stagnating figures at Spain’s competing Ageciras port. Morocco’s automotive sector has shown similar success with Renault and Stellantis (formerly PSA) facilities exporting over 500,000 vehicles to the European Union in 2023, valued at 15.1 billion euro. The automotive industry now represents 27% of Morocco’s exports and 16%of the GPD, surpassing both remittance and tourism revenues. The tender requirements published in French, specify that bidding companies should show at least 10 years of experience operating comparable shipyards. Candidates can bid independently or as part of a consortium led by an experienced operator. The project appeared as particularly strategic, following the autumn 2022 redirection of Russia’s fishing fleet maintenance from Spanish Canary Island ports to Moroccan organisation, due to the sanctions related to the Ukraine conflict. Also read: Morocco’s 990MW Gas Power Plant Plans Unveiled
factory
Apr 13, 2025
Tender Launched For Africa’S Largest Shipyard In Morocco
Construction Review
Tender Launched For Africa’S Largest Shipyard In MoroccoMorocco’s National Ports Agency (MNP) has opened an international tender for a 30 years concession to take charge of Africa’s Largest Shipyard in Morocco, a $300million project in Casablanca that purposes to replicate the country’s success in automotive manufacturing. The state- run agency is looking experienced operators to develop equipment and, manage the 52-acre facility, ANP Communications Director Abdellatif Lhouaoui told Bloomberg in a telephone interview. Location: Casablanca, Morocco Operator: Tender process underway by the National Ports Agency (ANP) for a 30-year concession. Size: 52-acre facility Cost: $300 million Key infrastructure: Significance: Tender requirements: Potential bidders: Also read: $32.5 Billion Morocco’s Hydrogen Projects Approved ‘’We aim to capture demand from the saturated shipyards in southern Europe and cater to African ships going to Europe,’’ he said According to Spanish outlet El Confidencial, the surpasses the existing shipyards across Africa, including South Africa’s recreational vessel facilities and notably s current Morocco’s smaller operations in Casablanca and Agardir which primarily service fishing vessels. The new shipyard’s speculations, detailed in ANP’s official tender document and dated April 7, highlights four major installations. These include a 244-meter by 40-meter dry dock; a 150 meter by 28-meter lifting platform with a 9,000-tonne capacity, a 62-meter by 13 -meter basin equipped with a 450- ton gantry crane; and 820 linear meters of outfitting quay. The facility encompass21 hectares of open terrain for operations. The industry sources cited by El Confidencial show French Naval Contractor Naval Group and South Korea’s Hyundai, operator of the world’s largest shipyard in Ulsan, are likely frontrunner of the contract. Spain’s state-owned Navantia ‘’appears to have very few options’’, as the Casablanca facility is reportedly designed compete with Spanish operation, the publication suggested. ‘’It’s a niche activity which bidders can totally propose. We want to replicate the car industry story,’’ Lhouaoui told Bloomberg, noticing that bidders can propose shipbuilding components during the tender process. The facility will service commercial, military, and fishing vessels, allowing Morocco to maintain its military fleet domestically rather than spending ‘’hard currency’’ abroad- a significant advantage for a country planning to loosen its currency peg in 2026. The development follows Morocco’s successful maritime and industrial expansion pattern. The country’s Tanger-Medport recorded an 18.8% growth in 2024, processing 10.24 million containers. This growth contrasts with stagnating figures at Spain’s competing Ageciras port. Morocco’s automotive sector has shown similar success with Renault and Stellantis (formerly PSA) facilities exporting over 500,000 vehicles to the European Union in 2023, valued at 15.1 billion euro. The automotive industry now represents 27% of Morocco’s exports and 16%of the GPD, surpassing both remittance and tourism revenues. The tender requirements published in French, specify that bidding companies should show at least 10 years of experience operating comparable shipyards. Candidates can bid independently or as part of a consortium led by an experienced operator. The project appeared as particularly strategic, following the autumn 2022 redirection of Russia’s fishing fleet maintenance from Spanish Canary Island ports to Moroccan organisation, due to the sanctions related to the Ukraine conflict. Also read: Morocco’s 990MW Gas Power Plant Plans Unveiled
factory
Apr 13, 2025
Logistic Firm To Build A Ksh354.25 Million Lpg Storage Facility In Kipevu
Construction Review
Logistic Firm To Build A Ksh354.25 Million Lpg Storage Facility In KipevuFocus Container Freight Station Limited, a logistics firm associated with Mombasa businessman Faisal Abass, is planning to invest KSh354.25 million in developing a new liquefied petroleum gas (LPG) storage facility in Kipevu, Mombasa. The facility will have a total storage capacity of 15,000 metric tonnes. It will consist of six mounded LPG spheres, each with a 2,500 metric tonne capacity. The plant will sit on five acres of land near the Kenya Ports Authority premises and will include other infrastructure such as offices, truck loading bays, fire control systems, and utilities. The firm has submitted its proposal to the National Environment Management Authority (Nema) for approval. This move is part of the firm’s strategy to tap into Kenya’s growing LPG market, which has been expanding as more households shift from using charcoal and kerosene to cleaner cooking fuels. Focus Container Freight Station Limited has submitted a proposal to the National Environment Management Authority (Nema) outlining its intention to develop a bulk LPG storage facility with a capacity of 15,000 metric tonnes. The facility will feature six mounded spheres, each capable of holding 2,500 metric tonnes of LPG. The company said in a regulatory filing: “The proposed project aims to build a 15,000 metric tonnes bulk LPG storage facility with six mounded LPG spheres, each with a capacity of 2,500 metric tonnes.” The project is set to occupy five acres of land strategically located near the Kenya Ports Authority infrastructure in Kipevu. In addition to the storage spheres, the facility will comprise essential infrastructure including a loading gantry, hydrant location, internal piping systems, a weighbridge, an administration office, and other supporting infrastructure. The estimated investment for the project stands at KSh354.25 million. READ ALSO: Kenya’s Government Sidelines State-Owned Company in the Construction of Mombasa’s Cooking Gas Plant The company plans to make the facility a major player in Kenya’s LPG supply chain. It will use its strategic location at the port to speed up imports and distribution. This setup will ease pressure on inland depots and could help stabilise prices. This venture comes at a time when Kenya’s LPG market is expanding rapidly, driven by rising demand for clean cooking energy alternatives. More households are adopting gas over traditional fuels like firewood, kerosene, and charcoal—especially in urban and peri-urban areas. The government has also shown commitment to promoting cleaner energy use, scrapping some taxes on LPG to encourage adoption. This has opened up the market for new players and investments, particularly in infrastructure to support efficient storage and distribution.
factory
Apr 08, 2025
Waaree Energies Inaugurates 5.4Gw Gujarat Solar Cell Facility, The Largest In India
Construction Review
Waaree Energies Inaugurates 5.4Gw Gujarat Solar Cell Facility, The Largest In IndiaThe renewable energy sector of India has marked a big milestone following the inauguration of a 5.4GW Gujarat Solar Cell Facility in Chikhli, Navsari. This facility was inaugurated by Waaree Energies Ltd in presence of the Gujarat Chief Minister Bhupendrabhai Patel. The mega facility spreads across 150 acres with a built up area of 101 acres. Furthermore, this facility stands as a testament to the commitment of Waaree to a sustainable future for India. Also read:India’s HMPL Plans 500MW Andhra Pradesh Solar Project Location: Capacity: Operator: Significance: Technology: Economic impact: National goals: Key points to note: Some top officials who attended the inauguration ceremony include the Gujarat Chief Minister Bhupendrabhai Patel, Minister of New and Renewable Energy Pralhad Joshi, and Navsari MP and Minister of Jal Shakti C.R Paatil. Also, in attendance were the senior Gujarat ministers. Furthermore, the facility has been equipped with cutting edge high-efficiency solar technology. Indeed, it is a product of Waaree’s relentless focus on innovation that is research-driven and incorporated with precision engineering and sustainability. Other than Waaree’s technological excellence, this facility clearly indicates the commitment of the company to social responsibility. This will be credited to the creation of approximately more than 9,500 jobs directly and 30,000 indirect job opportunities. Therefore, this will greatly contribute to the local economic development. Furthermore, other than the production capabilities of the facility, it aligns with the broader decarbonisation goals of India. Also, this facility is set to ensure a cleaner, greener, and more self-reliant energy future for the nation. Having a very strong and diverse presence in the clean energy sector of India, Waaree is involved in the strengthening of India’s position in the global renewable energy market. Lastly, this factory plays a very key role in attaining India’s ambitious target of 500GW of renewable energy by the year 2030. Also read: $130 Million Solar Project Contract Awarded in Bangladesh, India
factory
Mar 30, 2025
Uganda Signs $4 Billion Hoima Oil Refinery Project Agreement
Construction Review
Uganda Signs $4 Billion Hoima Oil Refinery Project AgreementIn what is termed as a big step in the energy sector of Uganda, the country’s Ministry of Energy and Mineral Development (MEMD), Uganda National Oil Company (UNOC), and a joint venture partner, Alpha MBM, have just signed an Implementation Agreement for the long anticipated Hoima Oil Refinery Project. This agreement was signed on Saturday in the presence of President Museveni at the country’s state house. “I want to extend gratitude to His Highness Sheikh Mohammed Bin Maktoum and our allies from the UAE for their commitment to investing in Uganda,” President Museveni mentioned in reference to the Alpha MBM boss. Also read: East African Crude Oil Pipeline (EACOP) Above Ground Installations Commence Location: Kabaale, Buseruka Sub-County, Hoima District, Uganda. Capacity: Significance: Key infrastructure: Financials: Key points to note: Related projects:   “Today, I witnessed the signing of a historic oil refinery implementation agreement between Uganda and Alpha MBM Investments LLC, a company based in the UAE. This agreement will foresee the establishment of a crude oil refinery in Hoima District. The refinery will have a capacity of 60,000 barrels per day,” he mentioned further. ”We must stop the exportation of raw materials and instead add value to everything we produce as a country.” The agreement that was signed will foresee the construction and operation of a 60,000 barrels per day refinery. Furthermore, the refinery facility is expected to be a crucial step in the country’s quest of unlocking value from its petroleum resources. Additionally, the refinery is expected to be constructed within three years. This information was revealed by Uganda National Oil Company. Furthermore, the facility is expected to transform Uganda into a regional hub for both petroleum refining and distribution. This ambitious project was conceived more than ten years ago but faced delays due to funding hurdles and changing investor interest. The Hoima Oil Refinery Project is part of the country’s broader strategy to maximize benefits from approximately 6.5 billion barrels of crude oil that was discovered in the Albertine Graben. Additionally, the refinery is being developed by Uganda Refinery Holding Company (URHC). This is a subsidiary of UNOC. Once it starts operations, the facility will process the country’s crude oil into products such as gasoline, diesel, and jet fuel. Additionally , it will cut Uganda’s reliance on imported redined fuel. Also, it will stabilize the country’s fuel prices and also boost the general national energy security. This ambitious facility will contain associated infrastructure that will support its operations. These are product pipeline, storage facilities, and access roads. Also read: $5 Billion EACOP Funding to be Supported by Standard Bank Furthermore, Hoima International Airport is currently being built to support its logistics and the country’s future oil industry operations. The facility will also serve neighbouring countries like Kenya, DRC, Rwanda, and South Sudan. Also, these countries have expressed interest in becoming off-takers of refined products that will be produced. Lastly, the first commercial output from the refinery is expected to be around 2028. This aligns with the commencement of oil production from Tilenga and Kingfisher fields. These fields are run by TotalEnergies and CNOOC respectively. Furthermore, with the implementation agreement of the project signed, it will be later followed by detailed engineering designs, securing funding, and finalizing the investment framework. Also read: EACOP Coating Plant Commissioned
factory
Mar 29, 2025
$1.65 Billion Egypt’S Xinfeng Integrated Metallurgical Complex Agreement Signed
Construction Review
$1.65 Billion Egypt’S Xinfeng Integrated Metallurgical Complex Agreement SignedThe Chinese-funded firm Xinfeng Egypt has just signed a land use agreement with Egypt’s General Authority of the Suez Canal Economic Zone (SCZone). This agreement that was signed on Tuesday is set to enable Xinfeng Egypt build Egypt’s Xinfeng Integrated Metallurgical Complex. Also, under the agreement that was signed, Xinfeng Egypt will invest a whooping $1.65 billion to construct a manufacturing complex. Additionally, the manufacturing complex will cover a total area of 3.75 million square meters. Furthermore, the manufacturing complex will be set up in the SCZone’s Ain Sokhna Integrated Zone. This information was revealed by the Egyptian cabinet in a statement. Project overview: Investment: The project represents a $1.65 billion U.S. dollar investment. Location: Size: Development: Production: Production will focus on: Additional facilities: Job creation: Overall goals: Contractor: Export: Also read: Egypt’s 650MW GOS II Wind Farm Project Complete, with EWA Group Playing Crucial Logistics Role The officials who attended the signing ceremony include: Egyptian Prime Minister Mostafa Madbouly, Deputy Prime Minister and Minister of Transport and Industry Kamel al-Wazir. Additionally, also in attendance was the chairman of the SCZone General Authority Waleid Gamal El-Dein and other Egyptian officials. Additionally, the manufacturing complex will be completed in over five years in two phases. It will include a total of nine factories, a solid waste treatment workshop, and lastly An R&D and training facility. Furthermore, the manufacturing complex will primarily manufacture automobile and transportation parts. Additionally, it will manufacture industrial standard parts and industrial non-standard parts. Furthermore, according to Xinfeng Egypt Chairman Tian Haikui, the ambitious manufacturing complex is expected to create 8,000 direct jobs. Additionally, the manufacturing complex will solely focus on terminal industrial product manufacturing. It will also focus on the high-value-added industries like automobiles, engineering machinery, and lastly home appliances. Also read: Agreement signed for construction of US$ 8bn green hydrogen factory in Sokhna, Egypt “The project will enhance the competitiveness of Egypt’s manufacturing. Furthermore, it will create many jobs and improve local skills while promoting export growth. This is in accordance with Egypt’s vision 2030,” Tian Haikui told Xinhua. Also read: MoU for Anchor Benitoite Petrochemicals Complex Project in Egypt Signed
factory
Mar 26, 2025
$3 Billion Vipingo Special Economic Zone To Commence As Centum Partners With Arise On The Development Of The Project At The Kenyan Coast
Construction Review
$3 Billion Vipingo Special Economic Zone To Commence As Centum Partners With Arise On The Development Of The Project At The Kenyan CoastIn a recent mega investment that is expected to transform Kenya into a competitive industrial hub in Africa, Centum Investment Company PLC has just entered into a partnership with ARISE, who are a prominent developer of industrial ecosystems in Africa, to launch a $3 billion project at the Vipingo Special Economic Zone (VSEZ). This ambitious project located at the Kenyan coast is expected to create up to 500,000 jobs. The agreement that was reached between the two sides entails the development of a 2,000-acre site recently designated as a Special Economic Zone (SEZ). Additionally,  this ambitious undertaking will transform Kenya into a competitive industrial hub in Africa once completed. Also read: $134 Million Set Aside by the Kenyan Government as Construction of Dongo Kundu SEZ Berth Takes Shape Cost: It is expected to attend $3 billion worth investments Partnership: Location: The VSEZ is located in Vipingo, Kilifi County, on the Kenyan coast, 42 Kilometers from Mombasa Size: It encompasses a 2,000-acre site. Significance: Sectors: The VSEZ will focus on high-growth sectors, including: Infrastructure and amenities: Strategic importance: Its strategic location provides direct access to major shipping routes, enhancing connectivity with Tanzania. According to the CEO of Centum, Dr James Mworia, this strategic partnership is expected to utilize the expertise of ARISE in the management of industrial zones to develop the VSEZ into a major manufacturing, logistics, and business park. Additionally he also emphasized the project’s significance stating, “Vipingo SEZ is a very transformative project that will provide jobs for thousands of youths and mark Kenya as a top destination for investment.” Gagan Gupta, the founder and CEO of ARISE Integrated Industrial Platforms, stated that they were honoured to be part of this ambitious development. This marks a major milestone for the expansion of the firm’s industrial model into East Africa. Also read: Multi Billion Dongo Kundu Taifa Gas LPG Storage Facility Under Construction in Kenya Also, as for the location, the VSEZ is located 42 kilometres from Mombasa. It is expected to provide direct access to the major shipping routes, enhancing general connectivity with neighbouring Tanzania. Additionally, the project is expected to attract investments that add up to $3 billion and generate both direct and indirect jobs. Furthermore, this upcoming park will contain a number of high growth sectors like automotive, pharmaceuticals, and lastly agro processing. Furthermore, this ambitious project promises a sustainable business environment that will have modern infrastructure and facilities. Additionally, it will have residential areas, commercial spaces, and a logistics zone. This project aims to provide for the needs of a wide range of industries while fostering regional economic growth. Also read: Lapsset Corridor Development Authority in search of a consultant for Lamu Special Economic Zone development in Kenya
factory
Mar 21, 2025
Norsk Hydro To Build New Aluminium Wire Casthouse Facility In Norway For Nok 1.7 Billion
Construction Review
Norsk Hydro To Build New Aluminium Wire Casthouse Facility In Norway For Nok 1.7 BillionNorsk Hydro has invested NOK 1.7 billion in a new aluminium wire casthouse facility in Norway. The facility located in Hydro’s aluminium smelter plant in Karmøy will supply the wire rod for energy infrastructure in Europe. The NOK 1.7 billion aluminium wire casthouse facility in Norway will start production in 2028. Currently, Hydro’s NOK 1.7 billion wire rod casthouse facility in Norway is awaiting the final building decision in late 2025. Location: Karmøy, Norway Cost: NOK 1.65 billion Developer: Norsk Hydro Start of construction date: Pending building decision in Q4 2025 Construction completion date: 2028 Targeted Production capacity: 110,000 tons per year Once completed in Q1 2028, Hydro’s new aluminium wire rod casthouse facility in Norway will start the production of more than 100,000 tons of aluminium wire rod soon after. Being the largest of Hydro’s investment over the last decade, the facility is expected to boost the 40% supply of Europe’s aluminium from Norway. Aluminum – a critical raw material to the European Union (EU), is setting the precedence for Norway’s industrial growth. “[…] This demonstrates that a productive aluminium industry has good growth opportunities in Norway.” said Eivind Kallevik in an official statement. Kallevik is the President and CEO of Hydro. Hydro’s aluminium smelter plant in Karmøy currently produces more than 250,000 tons of aluminium, and more than 200,000 tons of casthouse products. This makes the aluminium and renewable energy company one of the largest producers in Europe; also placing Norway in a competitive spot in raw materials producers in the EU. Other than bringing investments to businesses in Karmøy, Norway’s trade returns will also see growth following increased demand in the region. The supply has been tagged as one of “low-carbon solutions”, this will be for materials direly needed for the developing and expanding European critical infrastructure. Also read: Latest on Ørsted’s carbon capture and storage facility at the Ørsted Kalundborg CO2 Hub in Denmark Green energy transition has been an area of contention in many countries, and global regions alike. Europe is not new to this, and a positive attitude has been picked up all together. Paramount focus has been put in renewable sources like solar and wind to supply the much needed power generated from these sites. And at the center of this will be the less talked about, the transmission. This needs aluminium, and Norsk Hydro is providing “low-carbon aluminium” according to Eivind Kallevik. The investment could also follow the lines of what transmission material is more efficient to the producer and buyer in the long-run. The lighter, durable, low-carbon, recyclable aluminium may just be the needed material to make the investment in renewables even more worthwhile. The property comparisons were made to another popular material used in transmission lines, copper. According to Norsk Hydo, its aluminium market also supplies automotive and construction industries. Also read: T1 Chooses Milam County, Texas, for $850M, 5 GW Solar Cell Manufacturing Facility
factory
Mar 21, 2025