November
Stock exchange announcement
Nov 28, 2008
Hydro was given the green light by the Norwegian Ministry of Petroleum and Energy on Friday for a 74 GWh production increase at Tyin power station. Hydro wishes to use the water from the Holsbruvatn lake in the Tyin water system to increase production at the power station, which is located in the municipality of Årdal.
Nov 28, 2008
Autódromo Internacional do Algarve – the most impressive motor speedway in Portugal – has opened. Soon, Formula One race cars will be spinning around the track, with Domal-brand aluminium building systems all around them.
Nov 26, 2008
The oldest electrolytic technology at Karmøy aluminium plant, the Søderberg potlines, may be closed earlier than so far scheduled. The current market situation has also made Hydro temporarily shelve its plans for a new, modern production line at Karmøy.
Nov 25, 2008
The President and CEO of Norsk Hydro ASA, Eivind Reiten, has on November 25, 2008 transferred his total shareholding in Hydro, 86,972 shares, to his wholly owned company Mocca Invest AS. The transfer was done at NOK 32.30 per share according to valuation per September 29, 2008.
Nov 20, 2008
Hydro has decided to reduce production in the oldest part of the Karmøy aluminium plant, the Søderberg potrooms, by 20 percent from December in order to meet sharply falling demand in the aluminium market. This measure will not affect the permanent manning levels at Karmøy.
Nov 19, 2008
The Canadian smelter Aluminerie Alouette, which is 20-percent owned by Hydro, has been honored with two energy efficiency awards.
Nov 19, 2008
Christian Falch had a reason to smile when he was invited to Hydro headquarters in Oslo to claim his prize for winning our aluminium profiling competition.
Nov 18, 2008
The Bangalore-based Beary's Global Research Triangle was selected as a finalist for Best Sustainable Project at the Real Estate Investment World Summit in Riyadh. Hydro in India is delivering energy-saving aluminium systems for the building.
Nov 10, 2008
“The international financial crisis has hit the metal industry. We are therefore reviewing our entire global operations to consider measures that can adjust the production of primary aluminium to a market demanding less aluminium and fewer aluminium products,” says Hilde Aasheim, Hydro’s executive vice president responsible for the Aluminium Metal business area.
