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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The global currency war that has driven the dollar up almost 20 per cent against peers over the past year is changing the aluminum business, according to Norsk Hydro ASA, Europe’s third-largest producer. At a time of plunging aluminum prices, the dollar’s strength is helping producers such as Hydro...
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. "I am very excited about the opportunity to lead Sapa. As the leading player in its industry, with 23,500 employees in...
China’s aluminum exports that are compounding a glut of the metal are unfair competition to overseas producers, according to Norsk Hydro ASA. China accounts for half of the world’s aluminum supply and has been producing record amounts of the metal, which it then ships out in the form of...
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 seasonal sales volumes lifted downstream results to the highest level...
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. Highlight: • Underlying EBIT of NOK 2,667 million • Record downstream results on...
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. “Our ambition is to develop robust and viable...
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...
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...
Hydro President and CEO Svein Richard Brandtzæg together with Vice Chairperson to the Qatalum Board, Hilde Merete Aasheim, Executive Vice President, Primary Metal at Hydro toured the Qatalum smelter on the 4th of June. Following a 3 year retrospective ‘Administration’ presentation from management,...
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 government of Guangxi is working to cut costs for local aluminum smelters by power tariff cuts and tapping into rich hydropower in neighboring provinces, CNMN reported. The local government will establish regional power networks and try to cut power tariffs from over 0.06 yuan (0.97 cents) per...
Hydro, the leading European aluminium company, is well ahead with its investment projects in Neuss and Grevenbroich totaling EUR 230 million. Minister lays foundation stone for alu-light cars Today, the Economy Minister of Germany's largest state Nordrhein-Westfalen, Garrelt Duin, and Hydro...
Brazil is Hydro's main source for bauxite and it employs more than 6,000 people in the country for their business in the aluminium value chain. Hydro extracts bauxite in Paragominas and Trombetas and refines bauxite to alumina at the world's largest alumina refinery, Alunorte. AlCircle had an...
Norwegian metals producer Norsk Hydro has decided to go ahead with a previously planned increase of aluminium output at its Sunndal plant by 35,000 tonnes per year, starting in the middle of 2015, the company said on Wednesday. The increase is due to "recent market developments for aluminium",...
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. Jürgen Hirsch has been elected by the board and will enter office upon approval from the Member Assembly on September...
Sapa CEO, Svein Tore Holsether told Reuters that they are ahead of their schedule for the 1 billion Norwegian crowns ($134.68 million) worth annual cost cuts, in a phone interview on Monday. As a result of a joint venture between two of Norway’s biggest industrial firms Norsk Hydro and Orkla, the...
The nonferrous market in Europe may be finding some solid footing, which could be good news for the overall health of most nonferrous metals markets there. One sticking point continues to be China, which continues to send mixed signals on its economy. For aluminium, after a modest price rally, the...
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. Rolled aluminium processed by Alunorf is used throughout Europe and...
