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 has decided to initiate a comprehensive restructuring program in its rolling business in a bid to reduce costs and improve profitability. This will lead to redundancy of up to 735 full time equivalents (FTEs). The restructuring, expected to cost around €160 million, includes the planned...
According to a report, Hydro, on Tuesday, September 10, announced that it signed an agreement with Austria-based Hammerer Aluminium Industries (HAI) for the sale of its extrusion plant located in Romania. The decision to sell Hydro Extrusion is part of the overall review in Extruded Solutions...
Peter Kohling, Engineering Manager, Hydro Precision Tubing (HPTT) and Steve Short, Sales Manager, Inductotherm Heating & Welding Ltd, confirm the final commissioning of a new Banyard Aluminium Induction Billet Heating System for the HPTT P27 9” press upgrade programme. Inductotherm Banyard provided...
A press release from Hydro says Alunorte, Hydro and Ministério Público Federal filed a joint petition to the Federal Court in Belem yesterday to lift the embargoes on the new bauxite residue deposit area - DRS2, which lies suspended since March 1, 2018 after a court order. The petition came after...
According to a recent report, Addison Saws, the West Midlands based machine tool supplier, has installed three Mecal Kosmos 4-axis machining centres and one Mecal Geos MDT 5-axis machining centre at Hydro Components (formerly SAPA) for increasing complex aluminium parts production that are mainly...
Aluminium Stewardship Initiative (ASI) has announced on August 22 that Hydro Aluminium Primary Metal operations in Luxembourg and Norway have been certified against the ASI Chain of Custody Standard. Hydro’s aluminium smelting, re-melting/refining and casthouse activities are certified against the...
Continued from Part I 6. Rusal In 2018, Rusal’s total alumina production stood at 7.7 million tonnes. Aughinish Alumina in Ireland and Ukraine’s Nikolaev Alumina Refinery are two of its largest refineries. Russian production that comprise Bogoslovsk, Achinsk and Urals refinery, contributed 2.8...
Inductotherm Heating & Welding is pleased to announce the successful Factory Acceptance of a new Banyard induction heater to Hydro Extrusion USA. The heater is combined with a Banyard LFi Smart System, and includes of a Zero Friction, Multi Zone Coil Induction Heater for 10” Aluminium Billets, for...
Aluminum producer Hydro now supplies ASI-certified sustainable aluminium for the battery housing of the first fully electric SUV of Audi called Audi e-tron The aluminium component is processed and manufactured in an environmentally friendly manner and under socially acceptable working conditions....
Norsk Hydro’s Chief Financial Officer Eivind Kallevik has attributed the slowdown in German auto and construction sector for the missed result expectations in the second quarter. This has lowered aluminium demand and dragged the sale of Hydro in this quarter. Share prices for the company however...
Norsk Hydro in the financial results of second quarter 2019 declared that its underlying earnings before financial items and tax stood at NOK 875 million, compared to NOK 2,713 million in the same period last year. This year-on-year fall in underlying earnings could be attributed to cyber-attack...
Project Tonstad is an under construction wind farm in the south of Norway and will be one of the largest in the country. Once complete, the project will supply all electricity generated, to the Norwegian aluminium producer Hydro through an off-take agreement. Henriette Sarah Holberg is the Head of...
Hydro announced that the Økern Portal has selected Hydro’s Circal 75R aluminium as facade material in its new, innovative office building. Circal 75R is a certified alloy with a minimum content of 75 percent post-consumer recycled aluminium. Egil Hogna, EVP responsible for Hydro Extruded Solutions...
According to the Reuters report, Glecore is one of the companies that have shown interest in buying Rio Tinto’s aluminium assets in Iceland, Sweden, and the Netherlands for up to $350 million. Rio had started the assets sale process in late 2018 with the help of French investment bank Natixis after...
In July 2018, ENGIE and SUSI signed the financing agreements for Project Tonstad , a 208 MW wind farm in Norway to supply power to the aluminium sector. The project, which is currently under construction in the south of Norway will be one of the largest in Norway, and will supply all electricity...
Aluminium Stewardship Initiative announced that it issued certification to Hydro’s Paragominas bauxite mine and Alunorte alumina refinery against the Performance Standards and the Chain of Custody Standard. The certification covers both the production sites and the alumina from Alunorte originating...
Hydro on Monday announced the signing of an agreement with the Federal University of Pará (UFPA). The agreement will lead to research to improve operations in Barcarena and Paragominas, as well as community development there. On May 31, Hydro’s companies in Brazil - Mineração Paragominas, Alunorte...
Norsk Hydro in the financial report of the first quarter of FY2019-20 reportedly posted that its underlying earnings before financial items and tax came in at NOK559 million, compared with NOK3147 million in the same quarter last year. This sharp decline in underlying earnings reflects lower...
