Speira to curtail 50% of Rheinwerk smelter production

• Speira curtails 50% of the current smelter production at its “Rheinwerk” until further notice
• Speira reduces the smelter production to 70,000 tonnes per year
• Curtailment will start as of October 2022
• Speira does not plan forced redundancies

Grevenbroich/Neuss, September 7, 2022 – Speira has decided to curtail 50% of its smelter production at the “Rheinwerk” plant in Neuss until further notice. Going forward smelting production will be reduced to 70,000 tonnes of primary metal per year. This decision has been taken in consequence to the rising energy prices
in Germany.

“We are facing similar challenges as many other European aluminium smelters. Energy prices have reached too high levels over the last months, and we don´t foresee those to fall in the short-term future. This development requires us to curtail 50% of our smelter production until further notice to sustain value for
Speira,” says Speira CEO Einar Glomnes.

The curtailment process will start early in October and is expected to be completed in November. Speira will replace the curtailed liquid production with external metal supplies. Speira does not plan forced redundancies.

About Speira
is a global aluminum rolling and recycling company consisting of seven production sites and a research and development center. Sites are located in Germany and Norway, including our joint venture Alunorf, the world's largest aluminum rolling mill, the Grevenbroich plant, the world's largest finished rolled aluminum plant, 2/2, and several international sales offices. Speira employs around 5,000 people, mainly in Germany and Norway. Speira's operations are based on more than a century of experience in aluminum rolling and recycling, as well as technical know-how for aluminum products. Speira is proud to serve some of the most well-known companies in the global automotive, packaging, printing, engineering, building and construction industries.

For more information please contact:

Mauritz Faenger-Montag
Head of External Communications, Speira
+49 (0) 2181 664918