Will an aluminum plant in the north be built sooner than expected? Skip to content

Will an aluminum plant in the north be built sooner than expected?

The CEO of Alcoa Fjardaál, Tómas Már Sigurdsson, says it may be more opportune to start construction of an aluminum plant in Húsavík, North Iceland as soon as construction of the Fjardaál plant in the east has finished. If the decision to build a plant in Husavík goes ahead, Alcoa is ready to start construction after two years rather than four, as had been previously planned.

At a meeting of engineers, Sigurdsson emphasized that all decisions are dependent on contracts with the authorities and appropriate municipality. He said it is more economical for Alcoa if the building of the two plants is contiguous.

However, the decision about whether to build the plant is not likely to happen for at least a year. Sigurdsson said that it is impossible to predict the outcome since the process is complicated. The potential for profit will be the deciding factor.

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