Norsk Hydro ASA will invest in a new production line at its rolled products plant in Grevenbroich, Germany. The new line will increase annual capacity for aluminium car body sheet to 200,000 metric tons.
"Innocent people lost their lives for the peace we have been able to enjoy for 70 years," said Executive Vice President Eivind Kallevik on Thursday when he laid a wreath on behalf of Hydro at the memorial for the sinking of the train ferry D/F "Hydro" in Lake Tinnsjø on 20 February 1944.
Hydro's President and CEO Svein Richard Brandtzæg and CFO Eivind Kallevik were interviewed by CNN, CNBC and WSJ on Wednesday, following their Q4 2003 results presentation earlier the same day.
Hydro's underlying earnings before financial items and tax (EBIT) fell to NOK 483 million in the fourth quarter 2013 from NOK 659 million in the third quarter, mainly due to seasonal effects and lower hydropower production. For the full year, underlying EBIT rose to 2,737 million from 1,297 million in 2012, helped by cost savings, strong performance at the Qatalum aluminium plant combined with higher product premiums, and despite lower aluminium prices.
Underlying EBIT for Sapa Group for the fourth quarter 2013 reflects a seasonally weaker quarter and charges related to impairment of inventories and accounts receivables.
During Tea Light Hunt the last three months, 30 000 children in primary schools and day care centers across Norway have collected 8.5 million aluminium tea light cups for recycling. The most tea lights per child were collected at the Lid school in Sveio, Hordaland County. This school also won the competition last year.
Norsk Hydro ASA's alumina refinery Alunorte in Brazil will be subject to ICMS taxation on fuel oil starting February 1, following a decision by the Brazilian state of Pará to change the collection point of the ICMS tax on fuel-oil purchases.
This week, local and international researchers and experts on aluminium production are gathered in Doha to highlight the benefits of aluminium production and materials research in Qatar.
The following primary insiders have on December 5 acquired shares in Hydro.
Hydro President and CEO Svein Richard Brandtzæg has been appointed chairman of the Norwegian University of Science and Technology (NTNU) in Trondheim, effective January 1, 2014.
Hydro's Capital Markets Day 2013 was focused on the improvement efforts being implemented throughout the value chain, encompassing all business areas, plants and units in an all-Hydro drive to continuously lift the bar.
100 years after Hydro was a major contributor to the establishment of the Norwegian Museum of Science and Technology (NMST), the company has entered into a partnership agreement with the museum.
Fast and effective re-establishment of biodiversity by the bauxite is mined in Paragominas – that is the goal of a comprehensive research project by three Brazilian research institutions, the University of Oslo and Hydro.
If Europe wants to reach its sustainability targets, it must retain a competitive aluminium industry by cutting the costs that its policies impose on European smelters. At a conference organized in Brussels by the European Aluminium Association, Hydro’s Oliver Bell called for immediate actions to avoid the loss of entire industrial value chains.
Recycling of used Norwegian drink cans will soon be even more environmentally friendly. The recycling process is moving from France to Hydro in Holmestrand.
Norsk Hydro ASA has signed a USD 1,700 million syndicated revolving multi-currency credit facility with a syndicate of 13 international banks. The facility is for general corporate purposes.
Chairman of the Board of Directors in Norsk Hydro ASA, Terje Vareberg, has on November 13, 2013 purchased 10,000 shares in Hydro at NOK 25.49 per share.
Brazilian mining group Vale S.A. announced on Monday an offering to sell shares in Norsk Hydro ASA through a wholly owned subsidiary. Through a book building process Vale sold 407,122,241 shares in Hydro.
Hydro wants to be climate neutral by 2020. "In Hydro, we see that the climate challenge can only be solved if we move from words to action," says President and CEO Svein Richard Brandtzæg.
A century-old idea to beam rays of sun into the dark valley of the old Hydro-town of Rjukan, Norway, came to light Wednesday as high-tech mirrors bathed the town square in a warm glow. Hydro is main sponsor of the sun mirror project.
Hydro has entered into a binding agreement to sell its aluminium rolling mill in Malaysia to Nippon Foil Mfg. Co., Ltd. (NFM), a wholly owned subsidiary of UACJ Corporation, based in Japan.
The business news television channel CNBC has expanded its Global CFO Council to Europe and Asia as 33 chief financial officers from major companies across the two continents join the group, among them Hydro's Eivind Kallevik.
Hydro lifts the conversion price for all uncoated flat-rolled aluminium products in the product area General Engineering.
Hydro's underlying earnings before financial items and tax rose to NOK 659 million in the third quarter from NOK 518 million in the second quarter of 2013, lifted by higher hydropower production and lower operating costs. Low production at the Alunorte alumina refinery weighed on results in the quarter. A milestone reached in the quarter was the completion of the Sapa joint venture transaction, creating a global leader in extruded products.
The Norwegian news website E24 has named Anneli Nesteng, head of Hydro’s Power Operations unit in Sogn, Norway, as a regional winner of this year’s top young leader award. In the finals she made the top 10 list.
Norsk Hydro ASA's part-owned aluminium smelter in Slovakia, Slovalco, has signed a Power Purchase Agreement (PPA) for power supply with Slovenské Elektrárne.
"Collect cans – protect the environment" is a good motto, since recycling of used beverage cans in aluminium helps to save a lot of resources. The best collectors from Polish schools recently got a special reward: a visit to the world's largest producer of can stock, Alunorf.
Norsk Hydro ASA has been selected for inclusion in the United Nations Global Compact 100 – a new global stock index that combines corporate sustainability and baseline financial performance.
A century ago Hydro founder Sam Eyde hatched the idea of beaming sunlight from giant mirrors in the mountains and down into the narrow, winter-dark valley of the then all-new industrial town of Rjukan. Now high-tech, computer-controlled and solar-powered reflectors are finally perching high up the mountainside, ready to bring to life Eyde's grand scheme to light up Rjukan during the months of shade.
Hydro and Agder Energi have signed a Letter of Intent (LOI) for the possible establishment of a jointly owned company to operate and further develop their combined assets in the Otra River, southern Norway, where Hydro recently acquired the Vigelands Brug hydropower plant.
Hydro has asked Enova for support in connection with a project to test next-generation aluminium electrolysis technology at a pilot plant in Karmøy, Norway.
Dow Jones Sustainability Indices has announced that Hydro once again has qualified to be listed on their global sustainability index DJSI World.
For the fifth time, the Norwegian Society of Financial Analysts (NFF) has awarded Hydro the prestigious and time-honored Stockman Prize.
Hydro reinforces the metallurgical and process expertise at Qatar University by introducing two prominent senior professors who will hold Qatalum/Hydro chair positions for three years. The professors aim to position Qatar as a core knowledge centre for aluminium technology and application in the Middle East.
Sapa AS has signed an agreement with Norwegian company SKA Invest AS to sell its extrusion operations in Raufoss, Norway, including its affiliated fabrication plant in Vetlanda, Sweden. The sale is part of the remedies proposed by Hydro to obtain EU competition clearance for the aluminium extrusions joint venture.
The transaction to combine Norsk Hydro ASA's Extruded Products business area and Orkla ASA's Sapa into a 50/50 joint venture has been completed as planned. Sapa, the new global leader in extruded aluminium solutions, was established on September 1.
The Chinese competition authorities (MOFCOM) have approved the closing of the transaction whereby Hydro and Orkla will have 50/50 ownership of the planned Sapa joint venture.
The recent Diamond League sports meeting in London gave a vibrant reminder of the fascinating Olympics in 2012. Their infrastructure is bound to last, and serve, for decades to come – with a lot of aluminium from Hydro in use.
Pupils from Barcarena in Brazil had to let go of their dream of gold in this year's Norway Cup as they were eliminated in the first round of the finals this week. Nevertheless, they showed great skills on the football field and impressed with excellent goals and cooperation.
Hydro's rolled products plant in Grevenbroich, Germany, is committed to making work and private life for its 2,000 employees more compatible – and now has received a “Job and Family” certificate from the German government.
In early October, the sun will stop shining into the deep, narrow valley of Rjukan, and inhabitants will awaken to the start of their gray Norwegian winter. But thanks to the realization of an idea first hatched in the early 1900s by one of Hydro's founders, there will be light this winter – at least in the town square.
In connection with the Q2 results presentation, Hydro's chief executive officer and chief financial officer were interviewed in London by three major business TV channels.
Hydro's part-owned aluminium smelter in Slovakia, Slovalco, has signed a Letter of Intent (LoI) for power supply with Slovenské Elektrárne.
Hydro's underlying earnings before financial items and tax was NOK 518 million in the second quarter, down from NOK 1,077 million in the first quarter of 2013, as lower aluminium and alumina prices and seasonally lower power production weighed on results. Bauxite and alumina production was affected by power outages.
Hydro has just taken another important position in the mining sector in Brazil as one of four new members of the Board of Directors of the Brazilian Mining Institute (Ibram).
Norsk Hydro ASA and Serenity Capital Pte. Ltd have signed an agreement that could lead to Serenity’s Norwegian subsidiary SilMag International AS restarting magnesium production at Herøya, Norway.
Thanks to a novel laser-cutting facility at the site in Dormagen, Germany, the aluminium company Hydro can now offer its automotive customers body sheet of unmatched precision, taking yet another step forward in the growing market for automotive light-weighting with aluminium.
Hydro has signed an agreement with Rio Tinto Alcan to acquire its 50 percent ownership share in the Vigeland Metal Refinery AS and 100 percent ownership share in the AS Vigelands Brug hydropower station, located in southern Norway.
Hydro issued a notice of force majeure to its alumina customers on Wednesday as power outages and lowered production at Alunorte alumina refinery may affect alumina deliveries to customers. It is currently not possible to determine or estimate whether and how deliveries to customers will be affected.
Hydro's aluminium building façade specialist Wicona has launched an iPad app for its Wicona Finder architectural database – an invaluable source of innovative design ideas for curtain walling, window and door solutions.
Hydro has entered into a cooperation with the Japanese metals group Kobe Steel to exchange technical information on aluminium coils and sheet for automobiles, expanding their business options in a more globalized procurement policy of carmakers.
Hydro will host a special investor briefing about environmental, social and corporate governance (ESG) issues on June 5.
A partnership aims to attract more investments and strengthen the productive sector of the Pará state in the north of Brazil, where Hydro's Bauxite & Alumina business area has operations in Paragominas and Barcarena.
The EU Commission has approved today the transaction between Norwegian aluminium company Norsk Hydro ASA and branded consumer goods group Orkla ASA to form a 50/50 joint venture within aluminium solutions, to be named Sapa. Pending necessary approval from Chinese competition authorities, the parties expect the transaction to be completed in third quarter 2013, at the latest.
Students traded places with their teachers in a technology class and taught their mothers about the digital world.
The Annual General Meeting of Norsk Hydro ASA today adopted all the items as proposed on the agenda, including the proposal to distribute a dividend of NOK 0.75 per share.
Hydro has entered a gross bidding agreement with Nordic power exchange Nord Pool Spot, allowing the company to nominate all its sales and buy volumes separately to increase liquidity and transparency in the deregulated, hydropower-rich market.
Hydro's underlying earnings before financial items and tax rose to NOK 1,077 million in the first quarter, from NOK 172 million in the fourth quarter 2012. Higher alumina, aluminium and power prices, increased sales volumes and improved margins contributed to underlying results.
Following the agreement between Norsk Hydro ASA and Orkla ASA to combine their respective aluminium extrusion businesses, the European Commission has expressed preliminary concerns regarding the possible competitive effects of the intended merger in certain markets.
Notice is hereby given that the Annual General Meeting of Norsk Hydro ASA will be held at the company's head office at Vækerø, Drammensveien 260, 0283 Oslo, on Wednesday, May 8, 2013, at 1 p.m.
A new survey indicates that Norwegians have become better at recycling used tea light cups and other products made of aluminium as a result of the Tea Light Hunt campaign.
Norsk Hydro ASA's employees have agreed to purchase shares under a general arrangement offered to the employees of Norsk Hydro ASA each year.
Following approval by Norsk Hydro ASA's Annual General Meeting in 2010, the Board of Directors established a Long Term Incentive (LTI) in the form of a remuneration of 30 percent and 25 percent of annual base salary for the President and CEO and the other members of the Corporate Management Board.
Hydro and Qatalum have signed a new cooperation agreement with the Qatar University and its Center for Advanced Materials.
Hydro opened its new test center for tailor-made energy-efficient façade solutions for warm climates in Qatar on Monday.
"Our goal is to create a winner in the aluminium industry" is an important message in Hydro's annual reporting for 2012, released today.
Hydro has decided to nearly double capacity of a continuous annealing line at its aluminium rolled products plant in Grevenbroich, Germany, to serve growing demand in the automotive industry.
Developing new and energy-efficient aluminium production technology is the foundation for Hydro’s long-term efforts. Hydro is therefore studying the potential for testing next-generation electrolysis technology at a pilot plant with annual production capacity of about 70,000 metric tons at Karmøy in Norway.
A 38-year-old man working as an external contractor at Hydro’s extrusion plant in Lucé, France, died on Friday of work-related injuries incurred while moving a punch press from the premises.
Hydro's underlying earnings before financial items and tax improved to NOK 138 million in the fourth quarter 2012 from an underlying loss of NOK 19 million in the previous quarter. Lower energy costs in Bauxite & Alumina, lower variable costs in Primary Metal and improved results for the Qatalum aluminum plant contributed to underlying results.
During the last three months, over 29,000 Norwegian schoolchildren have collected more than 7.5 million used aluminium tea light cups for recycling. It was an exciting time for 11 first- and second-graders at the Lid school in Sveio in the county of Hordaland, when they learned that they had won this year's Tea Light Hunt.
A partnership among Hydro, the union of employees in Norway and the city authorities in Paragominas, Brazil, is offering new educational opportunities for local youngsters – with iPads.
Norsk Hydro ASA is reporting reclassified historical financial information (unaudited) due to the announced extruded products joint venture with Orkla ASA. The reclassified financials are released to provide further details on the effects of reclassifying Extruded Products as discontinued operations ahead of Hydro's forth quarter results 2012 to be released on February 12, 2013.
Hydro has signed a contract to supply spent pot linings from the production of primary aluminium to Rockwool International, a producer of fire safe insulation. The agreement ensures that pot linings will be reused to benefit both the environment and Hydro's bottom line.
Aluminium helps Hydro customer PCC deliver its new wheelchair-friendly “Comfort Zone” sanitary solution for UK trains.
Subject to closing of the planned Sapa joint venture between Hydro and Orkla, Executive Vice President of Extruded Products, Hans-Joachim Kock, has been appointed Head of Finance in Hydro's Bauxite & Alumina business area after Eivind Kallevik, who has recently been appointed CFO in Hydro.
A newly developed computer system for managing shipping could help cut logistics costs at Hydro’s Norwegian aluminium smelters by several million kroner per year.
Eivind Kallevik has been appointed Executive Vice President and Chief Financial Officer for the Norwegian aluminium company Norsk Hydro ASA. The appointment of Kallevik, currently head of Finance in Hydro's Bauxite & Alumina business area, will become effective from February 15, 2013.
A new energy-efficient building research test center in Qatar will investigate how Hydro's aluminium building solutions will perform in the climate extremes of the Middle East..
A new cooperation strengthens research on aluminium in Qatar and establishes ties across borders.
Hydro focused its Capital Markets Day 2012 on the improvement efforts being made throughout the company, aiming to create a global leader in aluminium. Hydro is expecting world aluminium demand outside China of 2-4% in 2013 and solid global long-term growth of 4-6% annually over the next 10 years.
Hydro's aluminium plant at Karmøy, Norway, has won this year's "Lean Company of the Year" award, given annually by the organization Lean Forum Norway.
Hydro has doubled the size of its aluminium tubing plant and opened the doors of its new same-site extrusion facility in China. The extension is aimed toward meeting local demand for industry-leading products and solutions in the largest downstream aluminium market in the world.
Aluminium for zero-emission cars and ships was on display at the international ZERO Conference in Oslo this week, co-sponsored by Hydro.
Hydro will have a strong presence at ARABAL 2012, the most important gathering for the Middle East aluminium industry, set for November 20-22 in Doha, Qatar.
Costs for the fabrication of rolled aluminium products have been rising continuously in recent months. Hydro will raise the price for strip and sheet in the General Engineering product area with effect for all deliveries from January 1, 2013.
Sør-Norge Aluminium (Søral) primary aluminium plant in Norway has signed electricity contracts with Agder Energi, Lyse, Statkraft and Hydro for the long-term annual supply of up to 2.6 terawatt hours (TWh) of electricity in Norway over an eight-year period, starting in 2013.
Hydro's underlying earnings before financial items and tax fell to NOK 8 million in the third quarter from NOK 549 million in the previous quarter. Low realized alumina and aluminium prices weighed heavily on underlying results for Hydro's upstream operations for the quarter while cost improvement programs proceeded with full force to meet the challenging market situation.
Hydro received the "ÖKO-GLOBE Award 2012" sustainability prize in a ceremony Wednesday in Cologne, Germany.
Hydro is supporting Amnesty International Norway by contributing NOK 1 million and encouraging employees to help out in an upcoming television and door-to-door fundraising campaign in Norway.
Norsk Hydro ASA and Orkla ASA have agreed to combine their respective profiles, building systems and tubing business, creating the world's leading aluminium solutions provider. The new combined company, to be named Sapa, will be a 50/50 joint venture owned by Hydro and Orkla.
Hydro and Orkla have agreed to combine their extruded aluminium business, creating the world’s leading aluminium solutions provider.
Hydro's many aluminium applications and capabilities are on display at "Aluminium 2012" in Düsseldorf on October 9-11.
Hydro and the University of Oslo plan to create a research program connected to Hydro's mining operations in Brazil. The aim is to generate knowledge that can strengthen Hydro's ability to preserve the natural biodiversity of the areas where the company mines bauxite.
Amnesty International Norway representatives and Hydro's President and CEO Svein Richard Brandtzæg led a human rights workshop for Hydro employees in Oslo this week.
Hydro's Profiler unit has signed a long-term agreement with Alloc, one of the leading manufacturers of laminate flooring in Europe. The five-year deal is for the supply of more than 75 million extruded aluminium locking clips that enable the flooring to be connected without the use of glue.
Hydro has entered into a binding agreement to sell its aluminium remelt plant in Taiwan to Ting Sin Metal Co. Ltd. The transaction is expected to close during October.
The Corporate Assembly in Norsk Hydro ASA today approved Pedro José Rodrigues as a new member of the company's Board of Directors.
Hydro has again been listed on the Dow Jones Sustainability World Index.