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Hydro update on the Coronavirus situation April 8

The Covid-19 situation continues to affect the global economy and aluminium demand. Hydro is continuously assessing and adapting to the changing market situation. While the situation is leading to closures and reduced production at many Hydro sites, some plants are re-opening to meet customer demand.

People impact

  • Closely following the local situation in areas where the health care system may be challenged.
  • 2,100 employees temporarily laid off.
  • Collective vacation and prolonged Easter break at some sites.
  • Hydro donates BRL 5 million for four new field hospitals in the state of Pará in Brazil.
  • Hydro donates BRL 2 million in food baskets to municipalities where we operate in northern Brazil.
  • Hydro donates 5,000 test kit to municipalities where we operate in northern Brazil.
  • Hydro donates NOK 500,000 to UNICEF’s emergency fund, Humanitarian Action for Children.

Operational impact

  • Bauxite & Alumina: Operations mostly running as normal. High market uncertainty.
  • Energy: Operations mostly running as normal. High market uncertainty.
  • Primary Metal: Primary production operations mostly running as normal. Husnes, Norway, aluminium plant ramp-up postponed to Q3 2020 at the earliest. Recycler Azuqueca in Spain and Luce in France are temporarily idled. Clervaux recycler in Luxembourg was temporarily idled, re-started April 6, while US recyclers Henderson and Commerce will reduce production in response to falling demand and government-imposed restrictions. High market uncertainty.
  • Rolled Products: Operations mostly running as normal. Temporarily reducing production for automotive sector as customers closing production. High market uncertainty.
  • Extruded Solutions: An increasing number of sites currently impacted by the situation with reduced production at several sites. Around 30% of the sites are running at approximately normal levels, around 45% are running at reduced levels and around 25% of the sites are either closed or running at very low levels. Some sites in southern Europe reopened this week.

Contacts

Stian Hasle

Stian Hasle

Investor Relations

halvor molland

Halvor Molland

Senior vice president, Media Relations