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Leif Teksum has withdrawn as chair of Norsk Hydro ASA's Corporate Assembly and Nomination Committee with effect from September 18, 2014.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.
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 decided to permanently close its Kurri Kurri aluminium plant in Australia. Production at the plant ceased in 2012.
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.
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.