TDK Foil considers doubling production capacity in Akureyri

TDK Foil is considering expanding its aluminum foil factory in Akureyri to double its production capacity, mbl.is reports. The company has asked to meet the town’s planning authorities to discuss future development.

The request was set out in a letter to Akureyri’s planning council, which considered it at a meeting this week. The council responded positively and asked the town’s planning officer to examine the proposal with its environment and construction department.

TDK Foil aims to decide within a few months whether to proceed. The company was founded in 2009 as Becromal and changed its name to TDK Foil Iceland in 2018.

The company says a new generation of production equipment would require a significantly larger building than the one in use today. Its preliminary estimate of the required building size, mapped onto the current detailed plan, showed that space would be tight, partly because of the building’s proximity to Krossanesbraut road.