If the government really helps to revive Slovalco, Penta and the Norwegians can share it with the state, confirms the head of the aluminum plant
Slovalco, an aluminum plant owned by Norwegian firm Norsk Hydro and financial group Penta, seeks government assistance to revive production after three years of stagnation due to high electricity costs.
High metal prices gave Hydro a boost
Norwegian company Norsk Hydro reported a fourth-quarter operating profit of 5.6 billion kroner, buoyed by high metal prices and production records, though it continues a workforce reduction plan into 2026.