Norsk Hydro warns US equipment tariffs raise costs, hinder industrial growth

• 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.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Norsk Hydro ASA published the original content used to generate this news brief on October 28, 2026, and is solely responsible for the information contained therein.