Coronavirus: Hydro sees limited impact on its operations
Hydro expects the outbreak of the coronavirus (Covid-19) to have limited impact on its operations. The company sees operational impact is currently limited, but significant market uncertainty combined with government-imposed restrictions is expected to affect operations.
President & CEO Hilde Merete Aasheim said: “My top priority is the safety and wellbeing of all employees and contractors in Hydro. As a global, responsible company, Hydro is taking part in the collective effort to help mitigate the situation, while limiting impact on our operations, to the extent possible.”
Most of the company’s operations are running at normal production levels, but with increased uncertainty and with likely increasing impact on demand and activities.
“Hydro is following recommendations from local and international health authorities, monitors the situation and updates contingency plans to avoid disruptions and secure deliveries to customers,” Hydro said.
Hindalco cuts its aluminium ingot price by 1.26% with effect from March 19
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