Hydro Energi and Statkraft have signed a long-term power purchase agreement (PPA) securing an annual electricity supply of 876 GWh from 2031 to 2040. The agreement will provide Hydro with around 8.8 TWh of power during the contract period, with deliveries planned in Norway’s electricity price area...
The future of Bell Bay Aluminium smelter in Tasmania remains dependent on the outcome of negotiations over its electricity supply agreement. Federal Industry Minister of Australia Tim Ayres has stopped short of committing federal funding similar to the support extended to the Tomago aluminium...
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Hydro is buying face masks made by local entrepreneurs to support communities in Paragominas and Barcarena in the state of Pará. The company will provide masks to employees and contractor employees at the Paragominas bauxite mine, Alunorte alumina refinery and Albras aluminium plant. "Suppliers are...
Luxembourg's economy is quite similar to Germany's and the nation enjoys a degree of economic prosperity very rare among industrialized democracies. In Luxembourg, Hydro is present with metal products operations. The company’s largest aluminium remelting operation in Europe is based in Clervaux,...
According to a recent report, Wenshan Aluminium’s 500,000 tonnes of aluminium smelting and hydropower project in southeast Yunnan’s Wenshan prefecture will start the operation of its first potline at the end of April. The project is estimated to require a total of more than RMB 4 billion of...
The businesses in the USA are opening slowly amid COVID-19, though lacks in liquidity. The President of Norwegian Aluminium maker Norsk Hydro’s North American extrusion unit, Charlie Straface has been assembling a COVID-19 task force every other day to draw up the cost-cutting measures to balance...
Hydro has announced that Norway-based outdoor furniture manufacturer Vestre will use Hydro CIRCAL in their sought-after furniture series, Folk. CIRCAL is a certified alloy with a minimum content of 75 percent post-consumer recycled aluminium. Using advanced sorting technology, aluminium from...
Hydro has announced the re-opening of recycling plants and extrusion plants amid coronavirus to fulfill backlog and meet customer demand in different segments. Recyclers Azuqueca in Spain, Lucé in France, Rackwitz in Germany and Deeside in UK restarted this week after being temporarily closed. “US...
Right from the aluminium raw material to the end-use sector, the effect of COVID19 pandemic is evident in every vertical of the industry. Unavailability of adequate labourers and transport disruption due to the worldwide lockdown is taking a constant toll on the aluminium industry, resulting in...
Hydro has provided updates on its business operations amid the coronavirus pandemic. While the situation is leading to closures and reduced production at many sites, Hydro has reopened some facilities to meet customer demand. The company has reopened some sites at extrusion solutions operations in...
Hydro’s operations in Norway, Germany, UK, France, Spain, and the USA have been certified against Aluminium Stewardship Initiative’s (ASI) Performance Standard. The company’s primary aluminium plant Husnes and the remelters and casthouses Rackwitz (Germany), Deeside (UK), Lucé (France), Azuqueca...
Multiple US aluminium rolling mills and extrusion plants declared temporary suspensions to their operations this week as the COVID-19 epidemic has continued to disrupt markets and erode demand. Aleris Aluminium at its Lewisport, Kentucky, rolling mill has suspended its production from 30th March’20...
Hydro has postponed the restart of 95, 000 tonnes capacity at the Husnes aluminium plant in Norway. The ramp-up, which was planned to start in the first half of 2020, is now postponed to the third quarter of 2020 at the earliest. The company has also decided to freeze around 25 percent of remaining...
Hydro said the Coronavirus situation continues to weigh on the company’s markets and operations. This affects production at several extrusion sites, mainly in Europe. Around 35 percent of the sites running at reduced levels and around 20 percent either closed or running at very low levels. Around...
The Alvance British Aluminium stated that it has designed a plan to keep it staffs safe while continuing to operate at a reduced level of output at its Lochaber smelter and hydropower station. The production activities of the smelter at Fort William have been reduced to 25% and it is operating at...
Hydro is reducing or halting production at some plants to meet change in demand due to the coronavirus outbreak. The company is cutting production in the auto and construction segments, and more broadly in southern Europe, the company said in a statement on Thursday. “Following effects from the...
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...
Norway is ranked as the fourth largest aluminium exporter in the world and has occupied a 5.8% share of a worldwide export market that is worth $41.7 billion annually. Norway’s total aluminium export from 2017-19 was recorded at 4.55 million tonnes. The export forecast for 2020 has been at 1.3...
The aluminium industry has moreover well performed in terms of sustainability. It’s amazing to know that 75% of all the aluminium ever produced is still in use today, but demand for the metal is growing at a rapid pace those mining projects continues to be an important source of the commodity. The...
Hydro, the fully integrated aluminium company, headquartered in Norway, partly owns aluminium plant Albras in Brazil. One of the four production lines of the plant has been close down due to a fire break in an electrical transformer on Friday morning, 6 th February’20. The fire has been...
