Hydro makes Argentine aluminium play

Hydro Aluminium, a subsidiary of Norsk Hydro, has agreed to buy the Agentine producer Aldural SA, which operates an extrusion plant in Buenos Aires. Aldural's market share of aluminium profiles in Argentina is about 9 percent. Hydro Aluminium is already the world's largest producer of extruded aluminium profiles. The Argentine purchase will improve its standing in South America, where it now operates in Brazil.