Norsk Hydro warns US equipment tariffs raise costs, hinder industrial growth
Bitget2026/10/28 14:09- Norsk Hydro warned elevated, frequently changing US tariffs on specialized equipment made only in Europe increase costs and undermine domestic manufacturing competitiveness.
- The company plans to invest more than USD 800 million in US operations over the next five years.
- Extrusion North America President Jeff Lehman called for more nuanced trade policies that do not raise capital equipment costs or hinder industrial growth.
- Hydro broke ground on a new indirect extrusion press in Cressona, Pennsylvania, to expand capacity and replace equipment from the 1950s.
- Investment in the Cressona site exceeded USD 150 million over the past three years.
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