Western Norwegian focus on Iceland produces result. Noreq is the major share holder in the company Alu1 on Iceland.
Delighted partners after the contract was signed in Iceland.
Aluminium manufacturer Noršurįl on Iceland has awarded the Norwegian-owned engineering company Alu1 a big contract for upgrading of the aluminium plant at Grundartangi. 'The contract is an important milestone for us,' says Eyvindur Gušmundsson, managing director of Alu1.
Under the contract, Alu1 will deliver a complete customised solution for the upgrading of machinery and equipment in the anode workshop, a central supply system that produces anodes for use in electrolysis at Noršurįl's aluminium plant. The assignment includes everything from design and the procurement of materials to production, factory testing, transport, installation, site testing and start-up of all new machinery and equipment.
'We are delighted that Noršurįl and its American owners Century Aluminium chose Alu1 as their partner in this project. This is a historic contract for us. It is worth tens of millions of Norwegian kroner. The assignment represents an important milestone for Alu1 as a supplier of engineering services and equipment to the aluminium industry, and it is an excellent follow-on from our previous deliveries. The fact that our solutions won the contract in tough competition with many well-known and experienced competitors shows that we have the expertise that is required to carry out complex modification projects,' says Managing Director Eyvindur Gušmundsson of Alu1.
'We are very happy that an Icelandic company won this competitive tender procedure, beating foreign competitors on professional and financial criteria. This is yet another example of the competitiveness of Icelandic companies that supply the aluminium industry and the high value creation they represent. The new equipment will enable us to improve the working environment, increase productivity and utilise recyclable materials in a better way,' says Managing Director Ragnar Gudmundsson of Noršurįl.
Managing Director Noreq AS
Acquired from Bergen Group
Alu1 has more than 25 years' experience of developing innovative and efficient machinery and mechanical equipment for heavy industry. Last summer, the Icelandic company was acquired from Bergen Group and its name changed to Alu1 by a group of owners from Western Norway spearheaded by Jan O Yttredal, former managing director of Sųr-Norge Aluminium at Husnes, and Noreq-founder Styrk Bekkenes.
'In the past year we have focused strongly on positioning Alu1 in the market, and we now see that these efforts are producing results. In addition to winning the contract with Noršurįl, we are currently competing for several other big contracts worldwide,' says Jan O Yttredal, chair of the board of Alu1.
Following some difficult years for the aluminium industry as a result of the financial crisis, he now believes that the market is in the process of picking up.
'Many aluminium manufacturers have put investments in their production plants on hold pending better times. They are now becoming more active, and we see a great market potential for Alu1 as a supplier of tailor-made concepts for both new facilities and upgrades of existing plants,' Yttredal says.
Alleviating the shortage of engineers
Alu1 has a staff of highly qualified engineers. In addition to its activities targeting the smelting industry, they also perform engineering services for other industries. Among other things, Alu1 has helped to alleviate the shortage of engineers in Norway by providing expert assistance to several Norwegian companies in connection with various projects.
'We plan to continue hiring out engineers. As a well-established industrial player for 25 years and with several highly capable engineers on our staff who can work either from our head office in Iceland or on location in Norway, we are a reliable partner for Norwegian companies with capacity problems,' Eyvindur Gušmundsson points out.