General – Supply Agreement
NKT has signed a landmark supply agreement with Hydro to secure a long-term supply of low-carbon aluminium wire rod through to 2033.
The estimated contract value is EUR 1 billion, depending on the quantity, duration options and future metal prices. This agreement plays a crucial role in NKT’s ongoing decarbonisation efforts, enabling the company to deliver power cable solutions with a significantly lower carbon footprint to its customers.
This long-term supply agreement with Hydro guarantees a long-term, European supply of low-carbon aluminium and reinforces our position as a sustainability leader in the power cable industry.
The agreement ensures that NKT will have access to Hydro’s REDUXA 4.01, the world’s lowest-carbon EC grade aluminium wire rod. Hydro aims to reduce its carbon footprint by a further 25% by 2030, with NKT having first rights to Hydro’s REDUXA 3.0 aluminium.
