2010
Stock exchange announcement
March 19, 2010
“We entered last year in a state of deep pessimism - but left it with a sense of sober optimism. The bottom is probably behind us. And while the crisis is temporary, the measures we have implemented to meet the crisis are providing lasting improvements,” Hydro President and CEO Svein Richard Brandtzæg says in the company’s annual reporting, published on Hydro’s internet site www.hydro.com on Friday.
March 16, 2010
Wenche Agerup has been appointed executive vice president and head of Corporate Staffs in Hydro.
March 1, 2010
Hydro has discontinued production and closed the doors at its aluminium tubing plant in Michigan, winding up the closure process that started last year and ending 70 years of manufacturing operations at the Adrian site.
Feb 17, 2010
Hydro had an underlying loss before financial items and tax of NOK 651 million in the fourth quarter of 2009, compared with a loss of NOK 793 million in the previous quarter, firming slightly on higher realized aluminium prices. Hydro reached a major milestone in December with the start-up of the first cell at Qatalum, and production from all 704 cells at the world-leading aluminium plant in Qatar is expected by fourth quarter 2010.
Feb 11, 2010
From Monday, February 15, Hydro will have a new telephone number for the company's press officer on duty: +47 22 53 82 10.
Feb 10, 2010
Hydro and the Belgian company Umicore have decided to put the research and development activities in the joint venture HyCore on hold.
Jan 27, 2010
Hydro has signed an agreement to increase its ownership stake in Famco from currently 45 percent to a controlling majority stake.
Jan 25, 2010
SKA Invest, a Norwegian investment company, has entered into an agreement to buy Hydro Trans, which has activities in Norway, Finland and Denmark.
Jan 21, 2010
Production at Hydro’s power station Suldal 1 in western Norway has resumed after a long break from renovation of the water supply system at the station.
Jan 12, 2010
After having already reduced direct emissions from primary production by 70 percent since 1990 – equal to a staggering three tonnes CO2-equivalents per tonne metal produced – Hydro aims to curb emissions even further and take global lead in the aluminium industry within the global fight against climate change.
Jan 11, 2010
The sale of Hydro's rolled products plant Inasa in Irurtzun, Spain, was finalized December 31, 2009.
Jan 4, 2010
The sale of Hydro's Automotive Structures business to the Germany-based Benteler Group has been finalized. The unit's 1,200 employees joined Benteler on January 1.
