The Corporate Assembly in Norsk Hydro ASA on Friday approved two new members of the company's Board of Directors, Dag Mejdell and Victoire de Margerie.
After curtailing one of three pot lines at its Kurri Kurri aluminium plant in January, Norsk Hydro ASA is initiating consultation with the plant's workforce with a view to curtailing the remaining operations.
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 winners of the environmental competition Tea Light Hunt were greeted on Friday by local school musicians, three managers on a field trip and a magician who turned tea lights into frying pans, when they visited Hydro's recycling facility in Holmestrand. It was a magical experience for young and old.
Hydro wants to raise the bar in customer service and local support in order to become the preferred supplier of aluminium tubing and fin stock for heat transfer applications in the heating, ventilation, air conditioning and refrigeration industry.
President and CEO Svein Richard Brandtzæg has on May 9, 2012 purchased 4,000 shares in Hydro at NOK 24.80.
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.
Norsk Hydro ASA`s employees have purchased shares under a general arrangement offered to the employees of Norsk Hydro ASA each year.
Hydro's underlying earnings before financial items and tax amounted to NOK 557 million in the first quarter, down from NOK 1,133 million in the previous quarter. Lower realized aluminium prices and continued weak markets, in particular for European extrusion operations, weighed down underlying results. Hydro's Energy business posted solid results along with power production at record levels.
Hydro, carmakers and leading scientists are cooperating in finding new, safer and light weight solutions for the cars of tomorrow. In Trondheim, Norway, new profiles are put to the ultimate test. View a video of what happens to an aluminium profile when hit with 1,500 kg at 30 km/h!
At a conference in Trondheim, Norway, Hydro President and CEO Svein Richard Brandtzæg challenged the traditional thinking that aluminium production is negative for the environment.
Two leading researchers at SINTEF and NTNU were given the inaugural “Hydro Green Aluminium Award” for their groundbreaking work in energy-efficiency in the heating of aluminium billet in the production of profiles in extrusion plants.
Three pupils from Søroya in Finnmark, Norway have been named national champions in the environmental campaign Tea Light Hunt. Over the last six months, schoolchildren across the country have competed to see who could collect the most used aluminium tea lights for recycling.
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 Tuesday May 8, 2012 at 4 p.m.
Matt Aboud, vice president and managing director of Hydro's Metal Markets business in the U.S., will join the Board of Directors of the Aluminum Association, an organization that works globally to promote aluminium as a sustainable and recyclable material.
Like so many others, Hydro's first President Sam Eyde wanted to be on the maiden voyage of the passenger ship "Titanic" in April 1912. Eyde had a ticket, but he was delayed in Paris. Only a few days after the sinking of the "Titanic", Eyde presented a concrete plan for monitoring dangerous icebergs in the North Atlantic.
Hydro is making its mark at the Metef aluminium trade fair at the Veronafiere exhibition center in Verona, Italy, April 18-21.
Schoolchildren throughout Norway have delivered 11 million used aluminium tea light cups in a nationwide recycling campaign.
Hydro will be at Mostra Convegno Expocomfort 2012 in Milan March 27-30 to show manufacturers how to replace copper with aluminium in their industrial heat exchange applications. Visit Hydro's Precision Tubing website with the link in the right-hand column for more.
“Short-term challenges – long-term opportunities” is an important message in Hydro’s annual reporting for 2011, released today.
A precision-extruded aluminium framing system manufactured by Hydro has been installed at a 500-kilowatt electric generation facility in Durango, Mexico, the largest concentrated photovoltaic (CPV) solar facility in Latin America.
A fire occured in Qatalum seawater cooling tower on March 17. No one was injured during the incident and aluminium production has not been affected.
Companhia de Alumina do Para’s (CAP) Board of Directors has decided to postpone the construction of a new alumina refinery in Barcarena, Brazil.
"In the short term, the bauxite and alumina industry has a challenge. We are suffering from low profitability, Johnny Undeli, head of Bauxite & Alumina told a gathering at the Metal Bulletin Bauxite and Alumina Conference in Miami last week.
Wolfgang Schneider, a leading research & development executive in Hydro, will become the 56th president of The Minerals, Metals & Materials Society at the TMS 2012 Annual Meeting & Exhibition in Orlando, Florida, March 11-15.
"It is incredibly inspiring to see so many talented architecture students working to solve one of the major climate change challenges: energy waste in buildings. You are the architects of the future," said Hydro CEO Svein Richard Brandtzæg on Thursday when he met the architecture students at the Oslo School of Architecture and Design (AHO).
On Monday a four-day workshop was kicked off for architecture students at the Oslo School of Architecture and Design (AHO). Students will create physical models that show how the façade can contribute to creating buildings that produce more energy than they consume.
Aluminium sheet from Hydro is making electric vehicles lighter. The proof is in France, where electric "Bluecars" are spinning through the boulevards of Paris.
Hydro's underlying earnings before financial items and tax amounted to NOK 1,133 million in the fourth quarter, down from NOK 1,646 million in the previous quarter. Lower aluminium prices, seasonal decline in demand and weaker markets weighed down underlying results for the quarter.
Zacarias Monteiro de Araújo Neto died on February 13. The 26-year-old Alunorte employee had been hospitalized in São Paulo following an accident on the job. He had a partner and a young daughter.
Energy-efficient buildings were on the agenda when the Norwegian Minister of Government, Administration, Reform and Church Affairs, Rigmor Aasrud, visited Hydro’s headquarters in Bangalore, India, on Wednesday.
Hydro's aluminium tubing plant in Denmark and the Turkish company Konveyör have signed a cooperation agreement designed to support customers and make easier their replacement of copper tubing with aluminium in heating, ventilation, refrigeration and air conditioning applications.
Norsk Hydro ASA will write down the value of certain fixed assets by approximately NOK 1.3 billion, affecting its fourth-quarter 2011 results. The impairments are a result of a weakening in certain markets and low prices, in combination with raw material and currency pressures. Hydro continues to implement significant corrective measures to address the challenges in the affected businesses.
Employees from Hydro's extrusion operations in the U.S. are helping profile the use of aluminium in automobiles. This first segment in the "Jobs From Autos" campaign by the Auto Alliance features Matthew Holbrook, a production manager in Hydro's plant in St. Augustine, Florida.
The environmental campaign Tea Light Hunt is a big hit. Over 23,000 school children from all over Norway have collected more than four million used tea light cups for recycling – and they are not finished yet! Tea Light Hunt hopes to raise awareness about the recycling of aluminium.
Students, researchers and others can compete for a $35,000 prize in the Hydro Green Metal Award for improving the climate footprint of aluminium production.
Norsk Hydro ASA has decided to curtail one of three production lines at its Kurri Kurri aluminium plant in Australia. The decision follows a consultation process with the local employees.
Hydro has signed a new corporate agreement with the main unions regarding the European Works Council (EWC).
Norsk Hydro ASA is considering curtailing production at its Kurri Kurri aluminium plant in Australia. A consultation process has started with the local employees.
Norsk Hydro ASA has agreed to divest its non-strategic 20.5% stake in the US solar company Ascent Solar to TFG Radiant Investment Group Ltd for a cash consideration of USD 4 million (NOK 24 million).
