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Stock exchange announcement
Oct 7, 2008
The investigation report into Hydro’s former oil operations in Libya and consultancy agreements relating to the company’s international oil and gas operations was submitted today to the Norwegian National Authority for Investigation and Prosecution of Economic and Environmental Crime (Økokrim). The investigation provides grounds for criticism of certain issues. The investigators’ report to the board was published today.
Oct 7, 2008
Hydro invested USD 15 million in the US solar energy company Ascent Solar on Monday. The purchase took place as Hydro exercised a call option issue, increasing the company’s ownership share from 26.5 to 35 per cent.
Oct 7, 2008
On October 6, 2008, Norsk Hydro ASA purchased 1,160,000 own shares in the market at a price of NOK 33.93 per share.
Oct 2, 2008
On October 2, 2008, Norsk Hydro ASA purchased 723,000 own shares in the market at a price of NOK 35.28 per share.
Sep 30, 2008
On September 30, 2008, Norsk Hydro ASA purchased 1,025,000 own shares in the market at a price of NOK 35.61 per share.
Sep 29, 2008
On September 29, 2008, Norsk Hydro ASA purchased 1,500,000 own shares in the market at a price of NOK 32.05 per share.
Sep 26, 2008
The Qatalum smelter is rising from the desert in Qatar thanks to the efforts from more than 12,000 workers currently on site from all over the world to erect this aluminium giant under challenging conditions.
Sep 25, 2008
Hydro is reinforcing its position as a leading aluminium company with industry-leading captive power position, world-class upstream growth projects and strong operational performance. Hydro’s solid financial position makes it well-equipped to weather short-term market uncertainties and volatility, while taking advantage of promising business opportunities.
Sep 25, 2008
Hydro and the metals and mining company Vale have agreed to construct a new alumina refinery in northern Brazil, strengthening Hydro’s future alumina supply in line with its growth strategy.
Sep 23, 2008
Hydro is showcasing infinite ideas in aluminium at the ALUMINIUM 2008 trade fair in Essen, Germany, September 23-25. (Press kit with news releases included.)
Sep 23, 2008
Hydro launched a new German-language web site this week to support sales and profiling of the company in this important market. The launch coincided with the Aluminium 2008 trade show in Essen, Germany.
Sep 19, 2008
Hydro’s annual report for 2007 landed both first prizes when the Norway’s traditional and prestigious “Farmand Prize” was awarded on Thursday evening. Hydro came out on top for the second year running in the class for printed reports from listed companies. In addition, the company took the gold award in the class for web-based reporting.
Sep 19, 2008
The following primary insiders of Norsk Hydro ASA have on September 19, 2008 purchased shares in Hydro:
Sep 17, 2008
More than 450 Technal-brand windows, curtain walling and door systems have been used in the construction of Sheffield's newest school. The brand's aluminium systems are also being used to build three other academies in the UK.
Sep 10, 2008
Hydro has signed a contract with Vattenfall for the supply of close to 18 terawatt hours (TWh) of electricity in Norway over an eight-year period, starting in 2013. It is one of the largest cross-border contracts since the integration of the Nordic power market in the early nineties.
Sep 9, 2008
The supply of electrical power at stable and competitive terms is vital for the viability and competitiveness of Hydro’s aluminium operations. If the government’s original proposition concerning reversion, as now recommended by the energy and environment committee of the Storting, goes through unchanged, it will be almost impossible to carry out major new investments in Norway's aluminium industry.
Sep 4, 2008
Hydro scored highest among aluminium companies in this year’s Dow Jones Sustainability Index ranking, for the third year in a row.
Sep 3, 2008
A Hydro team headed by President and CEO Eivind Reiten rubbed shoulders with more than 20,000 visitors at the world’s largest solar conference held in Valencia, Spain, this week, where 715 companies from across the solar value chain were showcasing their latest products and technologies to harvest the power of the sun.
Sep 3, 2008
Hydro and the Nobel Peace Center have signed an agreement to extend their partnership for an additional five years as of January 1, 2009. The sponsorship provides for NOK 3 million per year.
Sep 2, 2008
Hydro's Raeren extrusion plant received more than 1,000 visitors in its role as co-sponsor of Oxfam Trailwalker, a two-day charity event in Belgium that concluded on August 31. The event supports Oxfam projects in developing countries.
Aug 19, 2008
Executive Vice President of Norsk Hydro ASA, Svein Richard Brandtzæg, has on August 19, 2008 purchased 3,000 shares in Hydro at NOK 54.90 per share. New holding is 25,117 shares.
Aug 19, 2008
Executive Vice President of Norsk Hydro ASA, Arvid Moss, has on August 19, 2008 purchased 5,000 shares in Hydro at NOK 55.20 per share. New holding is 50,857 shares.
Aug 19, 2008
Executive Vice President of Norsk Hydro ASA, John Ove Ottestad, has on August 19, 2008 purchased 17,000 shares in Hydro at NOK 55.00 per share. New holding is 78,707 shares.
Aug 19, 2008
Executive Vice President of Norsk Hydro ASA, Odd Ivar Biller, has on August 19, 2008 purchased 5,000 shares in Hydro at NOK 55.00 per share. New holding is 18,872 shares.
Aug 18, 2008
Norsk Hydro ASA has today completed the sale of its 29.7 percent ownership interest in Qatar Vinyl Company (QVC) to Qatar Petroleum. The transaction represents net proceeds to Hydro of USD 136 million (NOK 735 million). The transaction is expected to result in a gain of approximately NOK 100 million to be recorded in the third quarter results. This completes the divestment of Hydro’s Polymers activities.
Aug 15, 2008
Hydro CEO Eivind Reiten was greeted by Brazil's President Luiz Inacio Lula da Silva at the official opening of the third expansion of Alunorte on Thursday, highlighting the position of this cornerstone facility as the world’s leading alumina refinery.
Aug 14, 2008
Executive Vice President of Norsk Hydro ASA, Tom Røtjer, has on August 14, 2008 purchased 3,000 shares in Hydro at NOK 57.10 per share. New holding is 11,532 shares.
Aug 14, 2008
Hilde Merete Aasheim will take on the position as executive vice president for Aluminium Metal in Norwegian aluminium company Norsk Hydro ASA. Aasheim, 49, will replace Torstein Dale Sjøtveit on Hydro’s corporate management board.
Aug 13, 2008
Executive Vice President of Norsk Hydro ASA, Jørgen C. Arentz Rostrup, has on August 13, 2008 purchased 5,000 shares in Hydro at NOK 58.20 per share. New holding is 6,662 shares.
Aug 13, 2008
President and CEO of Norsk Hydro ASA, Eivind Reiten, has on August 13, 2008 purchased 7,000 shares in Hydro at NOK 58.20 per share. New holding is 86,972 shares.
Aug 4, 2008
This year's Norway Cup was a success for Hydro and the sponsored teams, both on and off the field. The team of young boys from Jamaica made it all the way to the final in their class, while the Brazilian team seized victory in the B Final. Meanwhile all participants conducted themselves in exemplary fashion and enjoyed an injury-free tournament.
July 29, 2008
From the first kick of the Norway Cup soccer tournament in Oslo last Sunday – Hydro was there, as we have for the last 10 years. This year, Hydro is sponsoring 54 football players from three different teams related to our operations in Brazil, Jamaica and Slovakia. The positive effects of the sponsorship are clear.
July 25, 2008
The aluminium building systems brand Technal has honored some of Spain's most respected and recognized architects for their work on some of the country's most splendid new buildings.
July 24, 2008
Hydro's high-pressure flexible aluminium tube solution for "green" air conditioning systems has exceeded the test specifications set by the German Association of the Automotive Industry and is being tested by potential customers.
July 22, 2008
A 35-year-old contractor working at Hydro's Suzhou site died in hospital of the injuries incurred in a work-related accident on Saturday.
July 22, 2008
Hydro's underlying income from continuing operations declined to NOK 1,335 million in the second quarter of 2008 from NOK 1,442 million in the previous quarter and NOK 2,152 million in the second quarter of 2007, mainly due to the weakening US dollar and an industry-wide rise in upstream input costs which more than offset the positive effect of higher aluminium prices.
July 17, 2008
With immediate effect, Hydro is raising prices for the conversion of rolled aluminium products. The measure is caused by the significant rise of energy costs, affecting directly the sourcing of gas and power, moreover indirectly the transport and packaging of products. In addition, purchasing prices for alloy elements, namely magnesium, have risen further.
July 17, 2008
Hydro’s train film ad, aimed at raising young peoples’ interest in science subjects, has received a number of international awards during the past year. Showered with gold and silver medals in domestic and international advertizing industry competitions, the ad has become one of the most recognized Norwegian commercial ads ever.
July 14, 2008
Norsk Hydro ASA expects to report an underlying EBIT of approximately NOK 1.6 billion for the second quarter compared to an underlying EBIT of NOK 2.0 billion in the first quarter. While Hydro is realizing a higher aluminium price during the quarter, Hydro is experiencing significant cost increases in the Aluminium Metal business area. The cost increases are mainly related to alumina prices, alumina freight, petroleum coke and other costs.
July 11, 2008
Norsk Hydro ASA has today sold 64,638 shares to certain employees at NOK 37.57 per share. The transaction is part of a general share purchase arrangement offered to the employees of Norsk Hydro ASA each year.
July 10, 2008
Hydro's Extrusion Americas unit recently expanded production capabilities and capacity at its facility in Guaymas, Mexico. Two new CNC lathes and a cutoff machine allow the plant to produce custom-fabricated parts for industries such as automotive and alternative power generation.
July 8, 2008
Hydro's Domal brand is presenting "Ferrari Architecture in Maranello," an exhibition that illustrates the effectiveness of combining aesthetic values with sustainability in buildings.
July 3, 2008
What had been a nearly a dry, stone desert is today an idyllic, living river through Rjukan, Norway.
July 1, 2008
Hydro has formally acquired the privately owned Alumafel Group, one of the most established and well-known aluminium building systems brands in Spain.
June 28, 2008
A new cooperation agreement with the Norwegian branch of Save the Children continues Hydro’s position as one of the most important supporters of the children’s rights organisation.
June 26, 2008
The Denso Corporation, the largest manufacturer of automotive components in the world, has honored Hydro for its work on several continents.
June 21, 2008
Hydro's train film went all the way to the top Saturday night during Cannes Lions 2008 International Advertising Festival. The film was awarded "Silver Lion", the top award in the category "Corporate" - considered to be a tough and prestigous category.
June 17, 2008
More than 5,000 Technal-brand windows are being used in the construction of a new student village at the University of Sheffield - one of the largest privately financed student accommodation projects in the UK.
June 13, 2008
Hydro has received a written warning from Nordic power exchange Nord Pool, which states that the company was in breach of insider trading rules in relation to a transaction that occurred on 17 April this year.
June 11, 2008
“Årdal has an important task in quenching the ever-increasing thirst for solar energy products worldwide. Expertise in the fields of metallurgy, processes and industrialization explain why Norway and Årdal can fulfill this role,” said Hydro President and CEO Eivind Reiten when he congratulated NorSun on the opening of the company’s first plant on Wednesday.
June 11, 2008
The atmosphere was charged with excitement when President and CEO Eivind Reiten sent the signal to the rectifier to increase amperage in the new cells in the pilot plant at the Årdal Research Center on Wednesday. The amperage was raised immediately to 420 kA, the highest amperage recorded at a Norwegian smelter.
June 3, 2008
Torstein Dale Sjøtveit will step down from his position as executive vice president in Norsk Hydro ASA to take on a new job as chief executive officer in Norwegian shipbuilder Aker Yards ASA.
June 2, 2008
Hydro has agreed with the Norwegian University of Science and Technology (NTNU) to sponsor two professorships for three years, opening up for extensive research across the aluminium value chain to bolster Norway’s position as a front runner in the metal of the future.
June 2, 2008
Unitized curtain walling from Wicona Projects has been specified for an 18-floor office tower in the heart of Manchester – believed to be the most complex building site in the city.
May 20, 2008
Hydro’s recruiting film showing a group of young engineers-to-be sending a train in a loop continues to attract awards.
May 9, 2008
Hydro has agreed to acquire the privately owned Alumafel Group, one of the most established and well-known aluminium building systems brands in Spain. The transaction confirms Hydro’s position as a leading player in the global building systems industry.
May 8, 2008
Aluminium is saving CO2 – in many ways. To explain how, Hydro is participating at the current Carbon Expo. The fair and conference in Cologne, Germany, is a global meeting point for companies operating on the CO2 market.
May 6, 2008
The Annual General Meeting of Norsk Hydro ASA has today adopted the Board of Directors` proposal to distribute a dividend of NOK 5.00 per share. The dividend will be paid on May 19, 2008 to ordinary shareholders listed in the Norwegian Central Securities Depository as of May 9. The share will be traded ex-dividend from May 7.
May 6, 2008
Each of Hydro's three aluminium building systems brands is presenting their most recent - and future - product developments at the Veteco International Window, Curtain Walls and Structural Glass trade show in Spain. The four-day exhibition at Feria de Madrid concludes on Friday, May 9.
May 5, 2008
This year's annual general meeting in Norsk Hydro ASA is being held on Tuesday. If you cannot attend in person, you can follow a webcast of the proceedings on the Intranet.
May 2, 2008
Norsk Hydro ASA`s employees have purchased shares under a general arrangement offered to the employees of Norsk Hydro ASA each year.
April 30, 2008
Halvor Molland (35) has been appointed head of Media Relations in Hydro's Communication unit. He succeeds Inger Sethov, who was appointed Chief Communication Officer in Hydro in December.
April 25, 2008
The nomination commitee of Norsk Hydro ASA has submitted its proposal for the election of new members and deputies to the company's corporate assembly.
April 22, 2008
A 25-year old man died on Tuesday morning from the injuries he suffered after being run over by a fork-lift truck in Hydro's Holmestrand rolling mill south of Oslo.
April 22, 2008
Hydro is investing NOK 50 million in Convexa, a Norwegian venture fund specializing in technology companies working within the field of solar energy. This investment will give Hydro a greater insight into technology developments that are of importance for the company’s solar energy business.
April 21, 2008
The European Aluminum Award, part-sponsored by Hydro, is open for entries submitted by our customers.
April 18, 2008
Hydro has moved to the top level of the extrusion business in Spain following its acquisition of Expral s.a., a privately owned operation located near Madrid.
April 16, 2008
Norsk Hydro ASA’s primary insiders have subscribed for shares under a general arrangement offered to the employees of Norsk Hydro ASA each year. Following a good share price development for the Hydro share during 2007, all employees in Norway are being offered to purchase shares valued at NOK 20,000 with a 50 percent discount. The offer consists of 266 shares at NOK 37.57 per share.
April 15, 2008
Hydro has achieved three top listings in an international ranking of corporate financial reporting and investor relations performance.
April 14, 2008
Hydro will showcase the latest in aluminium packaging applications from April 24-30 at its stand at the Interpack trade fair in Düsseldorf, Germany.
April 10, 2008
Hydro has agreed to buy four distribution centers in Sicily from the family-owned Alumetal S.r.l., expanding Hydro's aluminium building systems network in the Italian market.
April 10, 2008
Hydro’s aluminium customer ProTechT Solutions was among the winners of this years’ Alufoil Trophy, presented by The European Aluminium Foil Association.
April 9, 2008
Notice is hereby given that the Annual General Meeting of Norsk Hydro ASA will be held at “Gamle Logen”, Grev Wedels plass 2, Oslo on Tuesday, 6 May 2008 at 5 PM.
April 9, 2008
Three young, Norwegian furniture designers will in a few days be heading down to Italy to take part in the major international furniture exhibition "I Saloni". They are taking with them their own new product – an anodized aluminium table – plus some practical and financial support from Hydro.
April 9, 2008
Visitors to Hydro's stand at Tube 2008 in Düsseldorf were treated to the latest in forward-looking solutions within the area of aluminium precision tubing for automotive and non-automotive applications.
April 3, 2008
Hydro will invest EUR 14.3 million in a new aluminium recycling furnace in Germany, with an output capacity of 50,000 tonnes per year. The twin-chamber furnace will be part of a new recycling center at Alunorf, a joint venture between Hydro and Novelis in Neuss, German.
March 28, 2008
The Wicona unitised curtain walling system has been specified for a new 32-floor tower in Sheffield, which will be the tallest building in the British city. The £3.5m façade contract will be delivered by Solaglas in partnership with Wicona Projects.
March 28, 2008
Norway’s largest labor organization, LO, issued a strike warning on Friday, which would affect aluminium production in Norway from April 2.
March 27, 2008
Hydro has invested NOK 147 million in shares in Ascent Solar, increasing its stake in the American solar energy cell manufacturer from 22 to 34.8 percent. The transaction is part of Hydro’s engagement in energy solutions of the future.
March 14, 2008
Hydro is one of Toyota's best suppliers. The company has received further proof, having been selected as one of the winners of Toyota’s Excellent Quality Performance Award.
March 14, 2008
“We have developed hydroelectric power in order to develop industry in Norway. We want to continue generating our own power, so that we can continue to produce aluminium. This proposal will make it more difficult to further industrial development in Norway.”
March 13, 2008
Hydro 簽署了一份合約，收購正在台灣建設中的 Famco 鋁冶煉廠 45% 的所有權股份。 Famco 建成後每年將生產大約 75,000 噸擠壓錠。
March 13, 2008
Hydro has signed an agreement to acquire a 45 percent ownership stake in Famco, an aluminium remelt plant under construction in Taiwan. Famco will have an initial annual production of about 75,000 tons of extrusion ingot.
March 12, 2008
As an answer to the new trends within interior design, such as the return of the pure tones of nature, and the growing requests of restoration projects, Hydro has invested in a new wood-effect paint line, installed in the Pombal factory, which is located in the Portuguese district of Leiria.
March 11, 2008
“Hydro will use technology and innovation to make aluminium a greener metal than it already is,” said Hydro's scientist, Halvor Kvande, at the TMS conference in New Orleans on Monday. His presentation adressed Hydro's commitment to the environmental challenges that the aluminium industry is facing.
March 7, 2008
Hydro is funding USD 150,000 of UNICEF’s aid program in Tajikistan. The money will be spent on helping the local population, especially children and mothers, survive the extreme winter conditions with severe sub-zero temperatures.
March 6, 2008
A year after preparation of the construction site started, the leaders of Qatalum and Hydro's Projects organization say that the building of the new aluminium plant in Qatar is on track. Site preparation is now almost completed, and the foundations for some of the buildings have already been laid.
March 5, 2008
Hydro’s nomination committee is proposing Inge K. Hansen as a new member of the Board of Directors to replace Svein Rennemo, who has asked to step down as member of the board. The proposal of the nomination committee will be placed before a corporate assembly meeting on 12 March.
March 3, 2008
A number of vacant positions to strengthen the Projects organization in Hydro are being advertised. They cover areas with responsibility for developing large, new projects like the aluminium plant in Qatar.
March 3, 2008
Next week the global aluminium industry will convene for the annual Minerals, Metals and Materials Society (TMS) conference in the USA. Hydro is making an active contribution by putting climate and energy challenges on the agenda.
Feb 22, 2008
An operator at Slovalco, a primary aluminium production plant part-owned by Hydro, died on Thursday of the injuries incurred in a work-related accident earlier the same day.
Feb 15, 2008
Hydro inaugurated on February 15 its in-house extrusion die innovation center in Eupen, Belgium. The site is part of the company's ambition to increase its level of service to extrusion customers throughout Europe.
Feb 15, 2008
Head of Hydro’s bauxite and alumina project in Western Australia, Wenche Agerup, is now in place in Perth. Proving the reserves of bauxite has commenced, but there are many challenges that need to be overcome before a project can be realized.
Feb 14, 2008
It is now clear how the European Works Council (EWC), the cooperative body for European trade unions, will operate in Hydro in the future. The trade unions and the company’s management have agreed to extend the agreement that previously applied to Hydro’s aluminium business.