Laying the foundation stone for the integrated recycling line for used beverage cans (UBC) at its Neuss plant in Germany, Hydro today marked another milestone in this EUR 45 million project.
Notice is hereby given that the Annual General Meeting of Norsk Hydro ASA will be held at the company's office at Vækerø, Drammensveien 260, 0283 Oslo, on Wednesday 6 May 2015 at 2 p.m (CET).
Following approval from the German Federal Cartel Office, Hydro has completed the previously announced acquisition of WMR Recycling GmbH.
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 respectively. The LTI payment requires that Hydro has had a positive underlying EBIT in the previous year. The participants will be required to invest the net amount after tax in Hydro shares and such shares must be held for at least three years.
Svein Tore Holsether, President and CEO in the aluminium solutions company Sapa, has informed the Board of Directors that he will leave Sapa to take over as President and CEO for Norwegian fertilizers group Yara International ASA.
Norwegian aluminium company Norsk Hydro ASA’s fully owned subsidiary Hydro Energi AS has signed a long-term power contract with Axpo Trading AG, a Switzerland-based energy company with captive power production and international trading activity, for annual supply of 0.25 terrawatt hours (TWh) over 10 years from January 1, 2021, and a total delivery of 2.5 TWh.
Students from the Norwegian University of Science and Technology (NTNU) moved their classroom to Hydro’s Primary Metal plant in Årdal this week.
One of two ball mills at Hydro’s bauxite mining operations, Paragominas in Para, Brazil, was taken out for planned maintenance in the beginning of March, with planned return to production towards the second half of March. As work progressed, an inspection revealed items which require an extended period of reduced production. Maintenance and improvements are now expected to last until the second half of April.
"After challenging years, the fundamentals in the aluminium market show some improvement - and our ambitious improvement strategy yields significant results turning Hydro into a strong player well positioned for a better, bigger and greener future," President and CEO Svein Richard Brandtzæg writes in his letter to shareholders.
Hydro has entered into a contract with Multiconsult for engineering services for the planned pilot plant at Karmøy. The Karmøy pilot aims to verify the world's most energy and climate efficient electrolysis technology.
To further strengthen its activities in aluminium recycling, Hydro have acquired WMR Recycling GmbH (WMR) in Dormagen, Germany, from Kural GmbH and Kurth Grundstücksverwaltungs UG. Following the transaction, Hydro will own the most advanced aluminium scrap sorting technology in the world.
Norsk Hydro ASA's underlying earnings before financial items and tax (EBIT) increased to NOK 2,886 million in the fourth quarter, up from NOK 1,490 million in the third quarter of 2014. Bauxite & Alumina and Primary Metal delivered their highest quarterly results since 2007.
Hydro has made a formal investment decision to develop a full scale pilot plant in Karmøy to demonstrate the world’s most energy and climate efficient aluminium production. A final build decision for the project, with total costs estimated at NOK 3.9 billion, is conditioned on Hydro securing a robust power solution for the technology pilot.
Underlying EBIT for Sapa declined compared to the previous quarter, mainly due to lower seasonal demand.
The EFTA (European Free Trade Association) Surveillance Authority has approved funding of NOK 1.5 billion from Enova for Hydro to test the world's most energy- and climate-efficient aluminum production in a full-scale pilot plant at Karmøy, Norway.
Hydro and SGL Group have launched a three-year project aiming to tap further energy saving potentials in the primary aluminum production process. Building on each other’s technological strengths and know-how, the companies are joining forces to develop a new cathodic solution for this purpose.
Hydro has decided to sell Herøya Industrial Park in Porsgrunn, Norway.
Students from the natural sciences program at Holmestrand secondary school will work with engineers from Hydro Holmestrand to map the plant's CO2 footprint and identify opportunities to reduce it.
Supporters of the Global Aluminium Foil Roller Initiative (GLAFRI) have decided to establish a legal trade association. Manfred Mertens, head of Hydro's Packaging & Building unit in theRolled Products business area, was elected president of this first-ever global foil association.
Hydro’s fully owned casthouse technology provider, Hycast, celebrates 25 years this week. “After some challenging years, the outlook now is promising,” says the managing director of Hycast, Helge Jansen.
Hydro, the leading European aluminium company, started construction Monday, January 5, of a new, modern automotive production line for lightweight car body sheet at its plant in Grevenbroich, Germany.
Hydro and Save the Children have had a cooperative agreement since 1987 and the total donations now exceed NOK 50 million.
Norwegian aluminium company Norsk Hydro ASA will implement several changes in its Corporate Management Board to strengthen the company’s Rolled Products business area and business-critical support functions within the areas of people and organizational development, global framework conditions and stakeholder management.
Hydro is focusing its Capital Markets Day 2014 on creating value in a tightening aluminium market through its aspiration to become better, bigger and greener. The aspiration spans the whole aluminium value chain, with strategic goals for each business area within the three categories.
Alunorf, the world's largest aluminium rolling plant and a 50-percent Hydro joint venture, has won yet another energy award in Germany.
Since 2011 Hydro has been a key participant in the national research program Lean Operations, which has been looking into the use of “lean” techniques in Norwegian businesses. Hydro’s experiences from the implementation of the Aluminium Metal Production System (AMPS) are considered a best case example in the final research results.
Aluminium company Hydro and Rio Tinto Alcan (RTA) have closed the deal for Hydro to take over RTA’s shares in the aluminium smelter Sør-Norge Aluminium AS (Søral) in Norway.
Alunorf, the world's largest aluminium rolling plant and a 50-percent Hydro joint venture, has won an Energy Award 2014 from the German Energy Academy.
Norsk Hydro ASA's underlying earnings before financial items and tax (EBIT) rose to NOK 1,490 million in the third quarter from NOK 544 million in the second quarter. Results are backed by lower costs at the Alunorte alumina refinery, higher all-in metal prices and higher alumina prices.
Hydro has to be more focused on water, how we use it, how we can reduce the quantities and how we take care of it.
More than 950 exhibitors from 50 nations are taking part in this week's Aluminium 2014 World Trade Fair & Conference, which is expected to attract around 25,000 visitors. “Lightweight, corrosion-resistant and infinitely recyclable, aluminium is becoming an increasingly important building block of modern society and modern life,” says Svein Richard Brandtzæg, Hydro's president and CEO.
Svein Richard Brandtzæg will stay on as President and CEO of Norwegian aluminium company Norsk Hydro ASA.
Hydro Energy is actively working to protect animal and plant life in connection with the company's power plants and facilities. A new EU directive may raise the bar further, requiring Norway to maintain a proper chemical and ecological standard in all bodies of water by the end of 2021.
Leif Teksum has withdrawn as chair of Norsk Hydro ASA's Corporate Assembly and Nomination Committee with effect from September 18, 2014. Deputy chair Terje Venold will act as chair of the Corporate Assembly until a new chair has been elected.
Hydro wants a bigger piece of the recycling market and to strengthen its position as a leading aluminium company also in recycling. The partnership with WWF and Norwegian school children in the Tea Light Hunt campaign has increased knowledge about Hydro and aluminium recycling in Norway.
Hydro has been included on the Dow Jones Sustainability Indices (DJSI) 2014-2015, once again recognized as an industry leader in corporate sustainability.
Hydro has decided to reduce remelt activities at its primary metal plant in Sunndal, Norway, and to replace volumes by ramping up production at its SU3 potline.
Hydro's many aluminium applications and capabilities are on display at "Aluminium 2014" in Düsseldorf on October 7-9.
Hydro opened a technology pilot for anode production in Årdal, Norway, on Wednesday. With potential for lower production cost and improved quality, the pilot may set a new standard in anode production.
This year’s summer internship program is coming to an end and the interns recently gathered for a final session to present the outcome of their common case assignment. The day proved to be a success, with outstanding presentations from all teams, fun outdoor activities and networking.
With two wins and one tie, Alunorte Rain Forest made it to the A-playoff’s in Norway Cup and yesterday’s match against Norwegian Vålerenga. The fast paced match ended in defeat for the boys from Barcarena who have scored 16 goals in their four matches in Norway.
In Barcarena in northern Brazil, Hydro supports a program that motivates young people to do well at school by combining football and education.
Norsk Hydro ASA's underlying earnings before financial items and tax (EBIT) declined to NOK 544 million in the second quarter from NOK 772 million in the first quarter. Seasonally lower power production and prices weighed on underlying results, partly offset by higher all-in metal prices and improved results in Primary Metal.
Svein Richard Brandtzæg, President and CEO in Norwegian aluminium company Norsk Hydro ASA, has informed the Board of Directors that he will leave Hydro to take over as President and CEO for Norwegian fertilizers group Yara International ASA from February 1, 2015, at the latest.
Underlying EBIT for Sapa improved compared to the first quarter, partly influenced by seasonally stronger sales volumes.
Hydro's third-party grievance mechanism “Canal Direto” is now fully implemented in Brazil. The purpose is to provide an improved and more accessible channel for complaints and feedback from local stakeholders.
Hydro’s internship program drew a record number of applications. Interns have been carefully selected and met high criteria in order to earn a position with Hydro and we have 24 interns joining us, working across business areas and locations.
Hydro's collaborative research project in Brazil aims to restore and protect biodiversity.
Aluminium company Hydro and Rio Tinto Alcan (RTA) have signed an agreement for Hydro to take over RTA’s share of the aluminium smelter Sør-Norge Aluminium AS (Søral) in Norway. Following the closing of the agreement, the plant will become Hydro’s fifth fully owned aluminium smelter in Norway.
Hydro Aluminium's Research and Development Centre in Bonn, Germany, ensures the technological advance of Hydro's premium aluminium rolled products. Now it is celebrating its 50 anniversary.
The EUR 130 million project of a third production line for aluminium car body sheet at Hydro´s rolled products plant in Grevenbroich, Germany, is proceeding as planned. Now the main construction contract for all of the machinery of the new production facility has been assigned.
Hydro has decided to invest in new casting technology for its sheet ingot casthouses in Høyanger and Årdal, Norway. The investment will enable the company to better serve customers in the automotive industry.
Norwegian aluminium company Norsk Hydro ASA has signed a long-term power contract with Norwegian renewable energy producer Agder Energi AS, for annual supply of 0.5 terawatt hours (TWh) over 10 years from 2021 to 2030.
Hydro, as a leading supplier of aluminium strip for electrical transformer windings, is taking performance to a new level: with a lead time of just one week, now offered to key customers in Europe – and by improving product reliability with a novel measuring tool.
This week, Hydro’s remelt and recycling plant in Deeside, Wales, opened its new sawing and homogenizing line. The new equipment cuts the plant’s energy consumption by more than 6 GWh per year and enables the plant to better serve its customers by introducing new product dimensions.
Norwegian aluminium company Norsk Hydro ASA has signed a long-term power contract with Axpo Trading AG, a Switzerland-based energy company with captive power production and international trading activity, for annual supply of 0.5 terawatt hours (TWh) over 10 years from 2021.
On Monday this week, Hydro's head of technology Hans Erik Vatne officially opened the Fourteenth International Conference on Aluminium Alloys (ICAA.) Around 350 participants from 30 countries gathered at the Norwegian University of Science and Technology (NTNU) in Trondheim.
Enova, a public enterprise which supports new energy and climate-related technology development, has decided to contribute NOK 1.5 billion toward Hydro’s full scale next-generation electrolysis pilot project at Karmøy, on the west coast of Norway. This contribution is subject to approval by the European Free Trade Association’s surveillance authority ESA.
On Wednesday 11 June, it was time for 18 year old Kristin Andersen of Drøbak to celebrate. She had just won the Instagram contest held by Hydro and Norwegian radio station NRJ.
Norwegian aluminium company Norsk Hydro ASA has signed a long-term power contract with Norwegian renewable energy producer Lyse Energi AS for annual supply of 0.7 terawatt hours (TWh) over 10 years from 2021.
Hydro has the pleasure of inviting you to a musical extravaganza as the Oslo Philharmonic Orchestra performs various works by famous and beloved composers.
Norwegian aluminium company Norsk Hydro ASA has signed a long-term power contract with Norwegian renewable energy producer Agder Energi AS for power supplies to Hydro’s aluminium plants in Norway.
The Corporate Assembly in Norsk Hydro ASA on Tuesday approved Dag Mejdell as new chair of the Board of Directors and one new member of the company's Board of Directors, Irene Rummelhoff.
Scotland’s stunning new concert hall, “The SSE Hydro,” is a gleaming “cymbal” of rolled aluminium from Hydro.
Hydro has decided to permanently close its Kurri Kurri aluminium plant in Australia. Production at the plant ceased in 2012.
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 will be present at the interpack – Processes and Packaging Trade Fair – in Düsseldorf, Germany, May 8-14. Our stand will be in the heart of the fairground, FG-IPP14, featuring the protective capabilities of our aluminium packaging solutions.
Member of the Board of Directors in Norsk Hydro ASA, Dag Mejdell, has on May 2, 2014 purchased 11,600 shares in Hydro at NOK 32.66 per share. New holding is 25,000 shares.
Norwegian artist Adelén and teenagers from the Alunorte Rain Forest Team (ARF) participated in a Hydro-sponsored video shoot for a song which will be included in an album for the upcoming FIFA World Cup in Brazil.
Norsk Hydro employees have purchased shares under a general arrangement offered to employees employed by Norsk Hydro in Norway each year.
Hydro will build a new, integrated recycling line for used aluminium beverage cans at its Neuss plant in Germany. The line will be completed by end 2015, and increase the plant's existing annual recycling capacity of 50,000 tonnes to more than 100,000 tonnes.
Norsk Hydro ASA's underlying earnings before financial items and tax rose to NOK 772 million in the first quarter 2014 from NOK 471 million in the fourth quarter 2013. The result was lifted by seasonally higher sales volumes and power production.
Norwegian Minister of Trade & Industry Monica Mæland today opened the door to the world’s most environmentally friendly office building, Powerhouse Kjørbo outside Oslo. Hydro is a partner in the project consortium, and Hydro's part-owned extrusion producer Sapa supplies aluminium to the project.
Hydro has entered into a binding agreement to sell its special alloy aluminium casthouse in Hannover to IQ Industrial Holding S.à r.l. (Luxembourg), a private industrial holding group with operations across Europe.
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 7, 2014 at 3 p.m. (CET).
The Pará State Environmental Secreteriat (SEMA) has reinstated Alunorte’s environmental operational license for loading of alumina at its port, Vila do Conde, with effect April 3, 2014. This results in the resumption of loading of alumina with immediate effect.
They are present in every supermarket: Easter bunnies made from chocolate and wrapped with a “fur” of colorful aluminium foil. A careful analysis of the environmental performance shows that the aluminium foil accounts for less than 2 percent of the overall climate gas emissions.
The Pará State Environmental Secretariat (SEMA) has suspended Alunorte's environmental operational license for loading of alumina at its port, Vila do Conde, with effect as of April 1. This results in the suspension of all loading of alumina with immediate effect. The production of alumina at Alunorte continues unaffected.
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. The LTI payment requires that Hydro has had a positive underlying EBIT in the previous year. The participants will be required to invest the net amount after tax in Hydro shares and such shares must be held for at least three years.
Pål Kildemo has been appointed head of Investor Relations in Norsk Hydro ASA and will, effective May 1, be responsible for Hydro’s contact with investors and financial markets.
Alberto Fabrini has been appointed executive vice president and head of the Bauxite & Alumina business area in Norsk Hydro ASA. The appointment of Fabrini, currently head of Operations in Bauxite & Alumina, will be effective June 1, 2014.
After collecting the most aluminium tea light cups per student, the grade one and two classes from Lid school in Hordaland County are the Norwegian Tea Light Hunt champions for the second year in a row. On Friday the students visited Hydro in Holmestrand, where Climate and Environment Minister Tine Sundtoft was among those on hand to congratulate the winners.
Titled "Lifting the bar", Hydro has now published an extensive package of annual reporting 2013 information on the company's website.
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 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.
After receiving the classification "BREEAM-NOR Outstanding", the world's first rehabilitated energy-positive building can truly call itself "the world's most environmentally friendly office building." Powerhouse is now completing the building at Kjørbo in Sandvika, Norway.
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.