The Corporate Assembly in Norsk Hydro ASA on Thursday approved Irene Rummelhoff as new deputy chair of the Board of Directors and two new members of the company's Board of Directors, Thomas Schulz and Marianne Wiinholt.
Electro-mobility can overcome weight challenges with a full aluminium light e-body concept. Developed by Hydro with the fka institute, it brings car body weight down to less than 200 kilograms.
Executive Vice President of Hydro’s Primary Metal business, Hilde Merete Aasheim, has been appointed Chair of the International Aluminium Institute (IAI).
Stian Hasle has been appointed head of Investor Relations in Norsk Hydro ASA and will, effective June 1, be responsible for Hydro’s contact with investors and financial markets.
Hydro and Brazilian mining company Vale has ended negotiations on the possible acquisition of Vale’s 40 % interest in Brazilian bauxite producer Mineração Rio do Norte (MRN). The two companies entered into a letter of Intent (LoI) regarding the possible transaction in October 2015, but have not been able to agree on commercial terms.
The aluminium company Hydro commissioned a EUR 45 million facility today aiming to recycle up to 50,000 tonnes of used beverage cans per year at its Neuss plant in Germany.
Hydro, with its 110 years of industrial history, is today a modern and innovative aluminium company that belongs to the future.
Norsk Hydro employees have purchased shares under a general arrangement offered to employees employed by Norsk Hydro in Norway each year.
Hydro's underlying earnings before financial items and tax declined to NOK 1,501 million in the first quarter, down from NOK 1,566 million in the fourth quarter of 2015. The decline mainly reflected lower realized aluminium and alumina prices, partly offset by positive currency effects, lower raw material costs and seasonally stronger downstream results.
Norwegian aluminium company Norsk Hydro ASA has won a tax appeal, which means that the company will receive a tax reimbursement and interest of a total of around NOK 700 million.
Hydro has created a special battery foil HyLectral, which ensures unmatched constant surface quality, eco-friendlier battery production and an optimum efficiency in use. This achievement greatly impressed the judges of the Alufoil Trophy 2016 competition who gave it an award in the Technical Innovation category.
Notice is hereby given that the Annual General Meeting of Norsk Hydro ASA will be held at the company's office at Vækerø, Drammensveien 260, 0283 Oslo, on Monday 2 May 2016 at 2 p.m (CET).
Alunorf, the world’s largest plant for remelting and hot rolling of aluminium and a 50% joint venture of Hydro, today was honored with a prize in Germany for exemplary energy and resource efficiency.
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 respectively. The LTI payment requires that Hydro has had a positive underlying EBIT in the previous year. The participants will be required to invest the net amount after tax in Hydro shares and such shares must be held for at least three years.
Hydro is donating up to NOK 10 million to create a five year professorship at the Norwegian University of Science and Technology (NTNU). The professorship will support the creation of the NTNU Aluminium Product Innovation Center (NAPIC). The vision of the center is to find new product areas for aluminium, and to establish NTNU as a world leader in the application of aluminium products.
“The world around us has shifted significantly and fast – again. A year ago, we experienced undersupply and record-high aluminium premiums. Shortly after, Chinese oversupply and rising exports pushed aluminium prices to 6-year lows. I am happy to report that Hydro’s improvement efforts has continued independently with undiminished intensity, giving benchmark results and improved ability to stay the course. We have in total delivered NOK 4.5 billion in annual improvements since 2011. That does not mean improvements have come to an end, and we are always seeking the next milestone. On our Capital Markets Day in December we launched a new ambition aiming to realize new annual improvements of another NOK 2.9 billion by 2019,” President and CEO Svein Richard Brandtzæg writes in his letter to shareholders.
The Ministry of Trade, Industry and Fisheries (NFD) has asked Hydro to provide further information on its trade in Tajikistan. Hydro has today delivered its report to NFD with the main conclusion that there are no indications of Hydro having acted in violation of applicable laws, internal rules or guidelines.
Norwegian aluminium company Norsk Hydro ASA's fully owned subsidiary Hydro Energi AS has signed a long-term power contract with Nordic Wind Power DA, a Norwegian wind power consortium, for annual baseload supply of between 0.6 and 1 TWh in the period from 2020 to 2039.
Hydro has made a formal build decision for the planned full-scale technology pilot at Karmøy, Norway, aiming to verify the world’s most climate and energy efficient production of primary aluminium. Total costs are estimated at NOK 4.3 billion, consisting of net project costs of NOK 2.7 billion and around NOK 1.6 billion in support from Enova.
Hydro's underlying earnings before financial items and tax declined to NOK 1,566 million in the fourth quarter, down from NOK 2,215 million in the third quarter of 2015. The decline mainly reflected lower aluminium and alumina prices and a continued decline in realized premiums, partly offset by positive currency effects. For the full year 2015, underlying EBIT climbed to NOK 9,656 million from NOK 5,692 million in 2014, lifted by positive currency effects and supported by successful industry-leading improvement programs across Hydro.
We sort used aluminium most accurately, with new, leading technology. The result is more efficient recycling and fewer climate-related emissions – today in one plant, soon in two.
Following the power outage on Friday night, around 10 percent of Hydro Årdal's primary aluminium production capacity is temporarily shut down.
Hydro’s aluminium plant in Årdal, Norway suffered a close to four hour power outage, starting 17:15 CET on January 29. The incident caused no personnel injuries.
The Research Council of Norway and the state of Pará in Brazil has agreed on a new research collaboration. The agreement is important for Hydro's research on biodiversity and forest rehabilitation after bauxite mining.
In October, a-ha played two concerts for Hydro’s employees and local people in Pará, Brazil. Fans donated schoolbags in exchange for concert tickets and now, thousands of schoolbags are being distributed.
Norsk Hydro ASA has entered into an agreement with Oslo Pensjonsforsikring AS regarding the sale of Herøya Industripark AS. The transfer will likely occur during the first quarter of 2016.
The announced sale of Hydro’s rolling mill in Cisterna di Latina, Italy, has been finalized.
Hydro is proud sponsor of the Nobel Peace Prize Concert, which will be held at Telenor Arena on Friday, December 11.
German industry is generally dominated by men. At Hydro’s aluminium rolling mill in Grevenbroich, Germany, Hydro has initiated several apprenticeship programs to increase the share of women in the industry.
Norwegian aluminium company Norsk Hydro ASA is focusing its Capital Markets Day 2015 on the efforts to become better, bigger and greener as a means to create value for shareholders. Industry-leading improvement programs, technological leadership, capital discipline and financial strength contribute to strengthen Hydro’s relative position in challenging markets.
Even before the centenary celebrations for Hydro’s aluminium production in Høyanger are over, we’ve already started celebrating Hydro’s 110th anniversary. Read the short version of our exciting history in this article.
Alberto Fabrini, Executive Vice President Bauxite & Alumina, says Hydro’s ambition is to return the forest impacted by bauxite mining to the same or better state than before mining activity.
Hydro supports a global climate agreement to curb greenhouse gas emissions, including putting a price on carbon emissions, in connection with the upcoming UN Conference on Climate Change.
World-famous architect Daniel Libeskind has created an extraordinary large-scale sculpture: Wings. The four-part artwork is made primarily of aluminium provided by Hydro.
Aluminium recycling will be in focus at the 23rd International Recycled Aluminium Conference in Madrid hosted by Metal Bulletin, with Hydro as lead sponsor, Nov. 16-18, 2015. As part of the conference, participants will visit Hydro’s recycling plant in Azuqueca.
Please see http://www.sapagroup.com/en/na/profiles/newswall/testing-practices-addressed-at-sapa-profiles-inc-in-portland-oregon/ for full version of release from Sapa.
In 2013, Norwegian union leaders in Hydro took the initiative to launch an iPad project for children and youth in Paragominas in Brazil. The project is now delivering positive results that encourage further investment.
Roland Scharf-Bergmann, Head of Recycling in Hydro's Primary Metal business, has been elected chairman of the Recycling Division of European Aluminium by the organization’s General Assembly.
Hydro's underlying earnings before financial items and tax declined to NOK 2,215 million in the third quarter from NOK 2,667 million in the second quarter of 2015. Weaker alumina and aluminium prices and premiums weighed on results, while strong rolled products sales and record bauxite production contributed positively in the quarter.
Breaking mental barriers about people with disabilities helps Hydro attract new talent in Paragominas, where the company operates a bauxite mine.
Hydro has entered into a binding agreement to sell its aluminium rolling mill in Cisterna di Latina, Italy, to Rolling Mills International GmbH.
Brazil’s Federal and State Public Attorneys in Pará and the State Public Defender has requested that the Brazilian federal court halt activities at the Vila do Conde port to clean up after a ship, carrying cattle, capsized in the port on October 6. Hydro’s operations at the nearby Albras and Alunorte plants are so far unaffected.
Hydro has signed a Letter of Intent (LoI) with Brazilian mining company Vale for the possible acquisition of Vale’s 40% interest in Brazilian bauxite producer Mineração Rio do Norte (MRN), which would strengthen Hydro’s global position as a long player in bauxite and alumina.
Hydro's Rolled Products is working to establish aluminium foil as an important part of power-storing lithium-ion batteries. With Swiss battery producer Leclanché, this battery foil is now being used in the Azores.
An environmental team from Hydro shared research and project results from the Paragominas bauxite mine with a gathering this week of the Biodiversity Research Consortium Brazil-Norway.
The Danish Institute for Human Rights has supported Hydro by providing a high-level human rights perspective on their CSR assessment of Hydro’s operations in Pará, Brazil.
European countries are receiving an increasing number of refugees. German authorities are working with the industry to facilitate jobs for some of the refugees, where Hydro is contributing with additional apprenticeships.
Norsk Hydro ASA’s part-owned aluminium plant in Canada, Alouette, and the Government of Québec agreed on new terms and conditions for the existing supply of electricity for the 13-year period from 2017 to 2029. After signing the agreement setting the new power price, details have to be finalized with the electricity supplier Hydro Quebec.
“I am very optimistic for aluminium,” Hydro President and CEO Svein Richard Brandtzæg says in the September 2015 issue of Metal Bulletin, the prestigious industry magazine.
What do a-ha and Hydro have in common? They renew themselves. In addition, on October 1 and 3 the iconic band will take the stage in Brazil and play for Hydro's many thousand local employees.
The Board of Directors of Sapa AS has appointed Egil Hogna (44) as the company's new President & Chief Executive Officer. He will replace Svein Tore Holsether on September 1, 2015.
With recent investments exceeding NOK 20 million, Hydro Karmøy is positioning itself to be a major supplier of aluminium to the European automotive industry.
Today the Telemark region of Norway is celebrating the addition of Notodden and Rjukan to the UNESCO World Heritage List. Hydro's contribution includes the new website industriarven.no, a popularized account of what this world heritage really means.
Twenty-eight students finished off their internships in Hydro with an awards ceremony for the winning presentation on how to help Hydro realize its ambitions to become carbon-neutral.
On July 26 the world's largest football tournament for youngsters, Norway Cup, kicks off at Ekeberg in Oslo, Norway. Hydro is looking forward to welcoming the Alunorte Rain Forest Team from Brazil, which is competing for the 14th time this year.
Hydro's underlying earnings before financial items and tax declined to NOK 2,667 million in the second quarter from NOK 3,208 million in the first quarter of 2015, mainly reflecting lower aluminium prices and premiums. Stronger sales volumes lifted downstream results to the highest level since Hydro became a pure aluminium company in 2007.
The Brazilian state of Pará has published a long-term ICMS tax framework for the aluminium producer Norsk Hydro ASA and related entities, developed between the parties. A new 15-year framework will replace the existing ICMS deferral on July 17.
Underlying EBIT for Sapa increased compared to the previous quarter, due to seasonally higher sales volumes, strong North American market development, as well as improvement programs progressing ahead of plan across the organization. The second quarter results were also impacted negatively by sharply falling metal premiums in North America.
Twenty of our newly recruited young professionals gathered early in June for the Young Professionals Network Gathering - the second part of Hydro's Graduate- and Trainee program. This session is specifically tailored for our newly recruited university hires.
As previously communicated by Norsk Hydro ASA, the existing ICMS deferral on intra-state purchases in the state of Pará in Brazil will be revisited medio July. There has for some time been a dialogue between Hydro and the Pará authorities regarding the terms and conditions for a new ICMS framework.
Norwegian aluminium company Norsk Hydro ASA’s fully owned subsidiary, Hydro Aluminium Rolled Products GmbH , has secured a power contract with Axpo Trading AG, a Switzerland-based energy company with captive power production and international trading activity, totaling 0,9 TWh (100 MW) annually in the eight year period from 2018 to 2025.
UNESCO declared on Sunday that Hydro's origins at Notodden and Rjukan belong on the exclusive list of World Heritage Sites. "A fantastic recognition of the innovative art of engineering, goal orientation and social consciousness the founders of the company exhibited", says the current CEO Svein Richard Brantzæg.
Norwegian aluminium company Norsk Hydro ASA’s fully owned subsidiary Hydro Energi AS has signed a long-term power contract with Norwegian renewable energy producer BKK Produksjon AS, for annual supply of 0.5 terawatt hours (TWh) over 10 years from 2021 to 2030, resulting in a total of 5 TWh over the 10-year period.
Norwegian aluminium company Norsk Hydro ASA’s fully owned subsidiary Hydro Energi AS has signed a long-term power contract with Eidsiva Vannkraft AS, a Norwegian hydro power producer, for annual supply of 300 GWh annually over 10 years from January 1, 2021, and a total delivery of 3.0 TWh.
Hydro, the leading European aluminium company, is well ahead with its investment projects in Neuss and Grevenbroich totaling EUR 230 million.
GIFA, the world’s most important trade fair for foundry technology, will be in Düsseldorf, Germany, from June 16-20. Hydro is present at the fair with commercial and technical experts on our stand in Hall 13, B50.
Prof. Dr.-Ing. Jürgen Hirsch, Senior Scientist at Hydro’s Rolled Products R&D center in Bonn, will become President of the German Society for Material Science DGM for 2015 and 2016.
Reference is made to the stock exchange release of February 5, 2015, announcing an investor call to be held by Sapa JV. The call will take place today, May 18, 2015, at 3pm to 4pm CET.
Norsk Hydro ASA hosted a webinar on its Energy business Tuesday, June 9. You can view the podcast with presentation (or download) with the link in the right-hand column.
The Annual General Meeting of Norsk Hydro ASA on Wednesday adopted all the items as proposed on the agenda, including the proposal to distribute a dividend of NOK 1.00 per share.
Alunorf, the world’s largest aluminium plant for hot rolling and remelting, is celebrating the 50th anniversary of operation with an extensive revamp. Alunorf, in Neuss, Germany, is a 50/50 joint venture owned by Hydro and Novelis.
Hilde Merete Aasheim, executive vice president responsible for Hydro’s primary metal business, has been named new chair of Norsk Industri (The Federation of Norwegian Industries).
How researchers are figuring out how to cross deep, wide fjords on aluminium bridges that float on the fjord before they turn into tunnels midway.
Reference is made to the stock exchange release of February 5, 2015, announcing an investor call to be held by Sapa JV. The call will take place on May 18, 2015 at 3pm to 4pm CET.
The ball mill at Hydro’s bauxite mining operations in Paragominas in Para, Brazil, that was taken out for planned maintenance in the beginning of March is now back in operation. Paragominas has fully resumed its production.
Hydro's underlying earnings before financial items and tax increased to NOK 3,208 million in the first quarter, up from NOK 2,886 million in the fourth quarter of 2014. The results reflect higher sales across the value chain and a stronger US dollar.
Laying the foundation stone for the integrated recycling line for used beverage cans (UBC) at its Neuss plant in Germany, Hydro today marked another milestone in this EUR 45 million project.
Notice is hereby given that the Annual General Meeting of Norsk Hydro ASA will be held at the company's office at Vækerø, Drammensveien 260, 0283 Oslo, on Wednesday 6 May 2015 at 2 p.m (CET).
Following approval from the German Federal Cartel Office, Hydro has completed the previously announced acquisition of WMR Recycling GmbH.
Svein Tore Holsether, President and CEO in the aluminium solutions company Sapa, has informed the Board of Directors that he will leave Sapa to take over as President and CEO for Norwegian fertilizers group Yara International ASA.
Norwegian aluminium company Norsk Hydro ASA’s fully owned subsidiary Hydro Energi AS has signed a long-term power contract with Axpo Trading AG, a Switzerland-based energy company with captive power production and international trading activity, for annual supply of 0.25 terrawatt hours (TWh) over 10 years from January 1, 2021, and a total delivery of 2.5 TWh.
Students from the Norwegian University of Science and Technology (NTNU) moved their classroom to Hydro’s Primary Metal plant in Årdal this week.
One of two ball mills at Hydro’s bauxite mining operations, Paragominas in Para, Brazil, was taken out for planned maintenance in the beginning of March, with planned return to production towards the second half of March. As work progressed, an inspection revealed items which require an extended period of reduced production. Maintenance and improvements are now expected to last until the second half of April.
"After challenging years, the fundamentals in the aluminium market show some improvement - and our ambitious improvement strategy yields significant results turning Hydro into a strong player well positioned for a better, bigger and greener future," President and CEO Svein Richard Brandtzæg writes in his letter to shareholders.
Hydro has entered into a contract with Multiconsult for engineering services for the planned pilot plant at Karmøy. The Karmøy pilot aims to verify the world's most energy and climate efficient electrolysis technology.
To further strengthen its activities in aluminium recycling, Hydro have acquired WMR Recycling GmbH (WMR) in Dormagen, Germany, from Kural GmbH and Kurth Grundstücksverwaltungs UG. Following the transaction, Hydro will own the most advanced aluminium scrap sorting technology in the world.
Hydro has made a formal investment decision to develop a full scale pilot plant in Karmøy to demonstrate the world’s most energy and climate efficient aluminium production. A final build decision for the project, with total costs estimated at NOK 3.9 billion, is conditioned on Hydro securing a robust power solution for the technology pilot.
Norsk Hydro ASA's underlying earnings before financial items and tax (EBIT) increased to NOK 2,886 million in the fourth quarter, up from NOK 1,490 million in the third quarter of 2014. Bauxite & Alumina and Primary Metal delivered their highest quarterly results since 2007.
Underlying EBIT for Sapa declined compared to the previous quarter, mainly due to lower seasonal demand.
The EFTA (European Free Trade Association) Surveillance Authority has approved funding of NOK 1.5 billion from Enova for Hydro to test the world's most energy- and climate-efficient aluminum production in a full-scale pilot plant at Karmøy, Norway.
Hydro and SGL Group have launched a three-year project aiming to tap further energy saving potentials in the primary aluminum production process. Building on each other’s technological strengths and know-how, the companies are joining forces to develop a new cathodic solution for this purpose.
Hydro has decided to sell Herøya Industrial Park in Porsgrunn, Norway.
Students from the natural sciences program at Holmestrand secondary school will work with engineers from Hydro Holmestrand to map the plant's CO2 footprint and identify opportunities to reduce it.
Supporters of the Global Aluminium Foil Roller Initiative (GLAFRI) have decided to establish a legal trade association. Manfred Mertens, head of Hydro's Packaging & Building unit in theRolled Products business area, was elected president of this first-ever global foil association.
Hydro’s fully owned casthouse technology provider, Hycast, celebrates 25 years this week. “After some challenging years, the outlook now is promising,” says the managing director of Hycast, Helge Jansen.
Hydro, the leading European aluminium company, started construction Monday, January 5, of a new, modern automotive production line for lightweight car body sheet at its plant in Grevenbroich, Germany.
Hydro and Save the Children have had a cooperative agreement since 1987 and the total donations now exceed NOK 50 million.