2007

Inger Sethov appointed Chief Communication Officer in Hydro

Inger Sethov (37) has been appointed Senior Vice President in charge of Communication in Hydro. She has been acting Chief Communication Officer since August and succeeds Cecilie Ditlev-Simonsen.

StatoilHydro can keep name for additional year

StatoilHydro and Hydro have agreed to give StatoilHydro an additional year to find a new name and logo.

Hydro teams with Chelsea Football Club

Chelsea FC has unveiled its new multi-million pound, world-class training facility. The building has been predominantly glazed in high-specification curtain walling from Technal, one of Hydro's aluminium building systems brands.

EU inspection at Hydro Polymers in UK

EU competition authorities, assisted by the UK Office of Fair Trading, performed an inspection at Hydro Polymers in Newton Aycliffe, UK, on December 12 to collect information related to UK-based Ineos’ planned acquisition of Hydro’s polymers business.

Nobel laureates have advice for business

Nobel Peace Prize winners Al Gore and head of United Nation's top climate panel Rajendra Kumar Pachauri had some advice for businesses like Hydro at a reception at the Nobel Peace Center in Oslo Tuesday.

Magne Furuholmen: Reclaimed aluminium in the climate debate

Artist Magne Furuholmen’s aluminium sculpture at the Nobel Peace Center in Oslo is a house of cards on the verge of collapse, a symbol of the fragile balance of the world we live in. By re-using aluminium, the artist wanted to address the climate debate without making too big a carbon footprint himself.

Taking a share of the Nobel Peace Prize

When the Nobel Peace Prize is handed over in Oslo on December 10, Hydro researcher Halvor Kvande will share a small slice of the glory.

Irish building claims two architectural awards

The Source Arts Centre and Library in Southern Ireland has captured two major architectural awards. The new building incorporates a complex façade design using Hydro's Technal-brand curtain walling.

More gold for Hydro's train stunt film

Hydro's profiling film for Norwegian TV – where a group of budding young engineers rebuild a railway track, sending a train into a gigantic loop – won the gold medal in what is considered to be the European championship in advertising, Epica.

Årdal women lead the way

The Årdal aluminium plant attracts the most women of all Hydro’s plants. With a female boss, and with 19 percent of employees at the plant and 36 percent of the management team women, Årdal tops Hydro’s list.

Hydro’s financial calendar 2008

Wicona projects win prizes in Ulm

Two of Hydro's Wicona-brand building systems projects in Ulm have been awarded prizes for architectural development in the German community's sustainable urban renewal competition.

Board member purchases shares

Heidi M. Petersen, member of Norsk Hydro ASA’s Board of Directors, has on November 23, 2007 purchased 6,000 shares in Hydro at NOK 71.90 per share.

Key employer in Tønder

Hydro has created an additional 100 jobs in its precision tubing organization in Denmark this year. One reason is the significant increase in sales volume for microchannel aluminium tubes that customers use in air-conditioning systems.

Reiten: Positioned to grow – abroad and at home

Hydro is positioned for growth, and ready to invest in good projects with the necessary prerequisites – both internationally and in Norway, says President and CEO Eivind Reiten. He sees no contradiction between growth abroad and growth at home: "While some people present this as a matter of “either/or”, we want to do both."

Establishing research cooperation in Qatar

Hydro and Qatalum are open for cooperation with Qatari universities and colleges. This was established during an aluminium seminar at Qatar University on Tuesday.

Fusion of two cultures marked Qatalum’s construction start

Two cultures were fused together on Monday, as the laying of the foundation stone in Qatar marked the start of construction for the giant aluminium plant in the desert in Mesaieed.

Student competition winners arrive in Qatar

The four winners of Hydro’s student autumn competitions 2007 are now collecting their prizes – a stay in Qatar. There they will learn more about aluminium and participate in the foundation stone laying ceremony of the new Qatalum primary production plant.

Helping German students build management skills

Hydro is helping welcome the second generation of "VDI-Elevate!" students, a German program to train students of engineering sciences in the softer skills of management.

Customers see future in Hydro building systems concepts

Nearly 7,000 people met with Hydro last week in Paris to better understand the latest developments in aluminium building systems. Sustainability was the theme at the Batimat 2007 exhibition.

Hydro best on the web

Hydro has once more come out on top among Norwegian companies in the list of websites ranked by the communication agency Hallvarsson & Halvarsson.

Australian bauxite exploration joint venture agreement signed

Hydro is entering into a joint venture with the Australian mining company United Minerals Corporation (UMC) with the intention of recovering bauxite and producing alumina in Kimberley, Western Australia. The agreement, which was signed in Oslo on Tuesday, gives Hydro a 75 percent share in the partnership.

Hydro's new board in place

The corporate assembly of Norsk Hydro ASA on Thursday voted in the following member for the company's board of directors:

Qatalum contract awarded to Hycast

Hycast AS of Sunndalsøra has signed a letter of intent worth NOK 217 million with FATA of Italy for the supply of casting equipment for the new aluminium plant to be built in Qatar. The agreement includes design and the supply of equipment for casting extrusion ingots and foundry alloys.

Hydro to showcase integrated solar solutions at Batimat 2007

Hydro will introduce at Batimat 2007 in Paris a new way of using photovoltaics in its aluminium building systems, which can achieve significant savings in energy consumption.

Executive Vice President Anne Harris purchases shares

Executive Vice President and member of Norsk Hydro ASA’s corporate management board Anne Harris, has on November 1, 2007 purchased 6,000 shares in Hydro at NOK 78.80 per share.

Executive Vice President Torstein Dale Sjøtveit purchases shares

Executive Vice President and member of Norsk Hydro ASA’s corporate management board Torstein Dale Sjøtveit, has on October 31, 2007 purchased 13,000 shares in Hydro at NOK 78.14 per share.

“New” Hydro’s Q3 income lifted by currency gains, EBIT weaker

Corporate management members purchase shares

The following members of Norsk Hydro ASA’s corporate management board have on October 30, 2007 purchased shares in Hydro.

Hydro’s nomination committee’s proposal completed

The nomination committee of Norsk Hydro ASA is proposing the following as members of the company’s board of directors:

Third quarter results to be released at 07:30 CET on Tuesday 30 October

Hydro's third quarter results 2007 will be released at 07:30 CET on Tuesday 30 October (06:30 UK time, 02:30 AM EST).

Hydro to terminate New York Stock Exchange listing

Norsk Hydro ASA’s Board of Directors resolved on October 22, 2007 to delist the Hydro share from the New York Stock Exchange (NYSE) and to terminate its registration with and reporting obligations to the Securities and Exchange Commission (SEC) under the U.S. Securities Exchange Act of 1934 (Exchange Act).

Hydro supports ”Together for children”

Hydro has contributed NOK 1 million to this year’s televised national fund-raising campaign in Norway, named “Together for children”. By supporting this year’s fund-raising campaign, Hydro wishes to contribute to making a big and lasting difference in the lives of children affected by HIV and AIDS.

Fatality at Hamburg plant

A worker died on Wednesday during construction work at Hydro's aluminium products plant in Hamburg, Germany.

New employee-elected members of Hydro's Board

Billy Fredagsvik (51) and Jørn B. Lilleby (55) have been elected members of Norsk Hydro ASA's Board of Directors.

Libya investigations

As previously announced, Jan Fougner of the Oslo law firm Wiersholm is heading the investigation of the previous Libya-portfolio, which Hydro acquired from Saga Petroleum in 1999 and transferred to StatoilHydro through the merger of October 1 2007. The US law firm Shearman & Sterling LLP is assisting with US aspects of the investigation.

Foil business unit invests EUR 6 million in the environment

Hydro has installed a new state-of-the-art air washer at its rolled products plant in Grevenbroich, Germany. Some 32 metres high and weighing 66 tonnes, the washer is the biggest element in a EUR 6 million investment in new air-cleaning technology, and a key milestone in upgrading the plant's Series 2 production facility for ultra-thin aluminium foil.

Completing Ormen Lange, going forward with impressive project organization

When Hydro celebrated the official opening of the Ormen Lange gas field on Saturday, it was also the completion of project director Tom Røtjer’s final major oil and gas assignment. Røtjer is staying on with Hydro as the company meets the future as a pure aluminium company. Though many capable project team members have been transferred to StatoilHydro, Hydro’s well respected project organization has not been stripped of talent. On the contrary.

Concerning Hydro’s previous Libya engagement

Norsk Hydro ASA today contacted the Norwegian National Authority for Investigation and Prosecution of Economic and Environmental Crime in the light of preliminary investigations indicating that the company may have utilized a previously mentioned consultancy company, in connection with petroleum operations in Libya, more actively than initially assumed.

Invitation to press conference

Hydro invites you to a press conference on the Libya issue.

At work with aluminium in focus

Thousands of Hydro employees arrived at work in a “new” company on Monday morning. At the office premises in the Oslo area, they were greeted with coffee, hot chocolate and freshly baked buns. In the rest of the company, too, the fact that Hydro is now to focus completely on aluminium was marked in various ways.

Review of Libya engagement (with link to statement)

StatoilHydro ASA and Norsk Hydro ASA will cooperate with respect to an external inquiry into Hydro Oil and Energy’s operations in Libya, which Hydro acquired through the takeover of Saga Petroleum in 1999 and which have now been transferred to StatoilHydro.

Review of Libya engagement

StatoilHydro ASA and Norsk Hydro ASA will cooperate with respect to an external inquiry into Hydro Oil and Energy's operations in Libya, which Hydro acquired through the takeover of Saga Petroleum in 1999 and which have now been transferred to StatoilHydro.

StatoilHydro - merger completed

The merger of Statoil ASA and Norsk Hydro ASA's petroleum activities has been completed today, 1 October 2007.

'Hydro' building wins renovation award

A building façade project for the University of Sunderland has been honored as overall winner of the inaugural UK Aluminium in Renovation Awards. The project - Hydro contributed to its success - will now be entered in the European competition.

Hydro systems add spring to Paris museum

The Musée du Quai Branly is one of the most striking new buildings on the Paris landscape. The architect behind the museum project was inspired by environmental quality norms and sustainable development criteria, and used aluminium building systems from Hydro.

Hydro brings 'bling' to Liverpool

As Liverpool celebrates its 800th birthday, its regeneration project - Paradise Project - is breathing new life into the heart of the city. One of the most distinctive buildings incorporates innovative use of curtain walling from Hydro Building Systems.

Hydro steps up bauxite exploration

Hydro has signed a memorandum of understanding with Australian mining company United Minerals Corporation (UMC) to explore the possibility of bauxite mining and alumina refining in the Kimberly region in Western Australia.

StatoilHydro - plan for completion of the merger

The merger between Statoil ASA and Norsk Hydro ASA's petroleum business is expected to be implemented on 1 October, 2007. As announced by Hydro on 12 September this year, the following is confirmed:

Cecilie Ditlev-Simonsen leaves Hydro

Cecilie Ditlev-Simonsen is leaving her position as executive vice president in Hydro. This was announced by Hydro’s acting board chairperson Elisabeth Grieg, who on behalf of the company has signed the agreement with Ditlev-Simonsen. Grieg says she is pleased that the parties have reached a mutually acceptable solution.

Capital reduction

Norsk Hydro ASA has on 11 September 2007 completed a capital reduction by cancellation of 38,498,506 shares at par value of NOK 3.66 per share, which includes 16,871,506 shares redeemed from the Norwegian State, represented by the Ministry of Trade and Industry, on the same date.

Key dates for merger

The merger of Norsk Hydro ASA’s oil and gas activities with Statoil ASA to form StatoilHydro ASA is expected to be completed October 1, 2007. In connection with the merger the following key dates have been established relating to the trading of the Hydro-share on the Oslo Stock Exchange.

Capital Markets Day 2007: Hydro set to grow as global aluminium company

Following substantial restructuring, a streamlined new Hydro is determined to grow as a global aluminium company with unique captive energy production.

Second quarter 2007: Best-ever result

Hydro reported record net results for the second quarter and half year 2007, confirming the company's solid operational and financial strength. Continuing high aluminium prices and a sharp rise in oil prices contributed to the quarterly results.

First quarter 2007: Strong results for Hydro's aluminium business

Hydro reported strong results for the first quarter 2007, supported by high aluminium prices and solid operational performance within both energy and aluminium. Divestment gains also contributed positively, while declining oil and gas prices weighed on quarterly earnings.

Preliminary results 2006: Record results, Q4 hit by write-downs

Hydro achieved record results for 2006, despite a weak fourth quarter due to asset write-downs and other special items. Continued high oil and gas prices, aluminium prices at historic levels and solid operational performance contributed to the annual result, providing a strong foundation for Hydro going forward.