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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Reference is made to the stock exchange release of February 5, 2015, announcing an investor call to be held by Sapa JV. The call will take place on May 18, 2015 at 3pm to 4pm CET. President & CEO of Sapa Svein Tore Holsether will give a 30-minute presentation, followed by a 30-minute Q&A session....
The ball mill at Hydro’s bauxite mining operations in Paragominas in Para, Brazil, that was taken out for planned maintenance in the beginning of March is now back in operation. Paragominas has fully resumed its production. Paragominas normally operates with two ball mills, and with one ball mill...
Hydro's underlying earnings before financial items and tax increased to NOK 3,208 million in the first quarter, up from NOK 2,886 million in the fourth quarter of 2014. The results reflect higher sales across the value chain and a stronger US dollar. • Record-high quarterly underlying EBIT of NOK 3...
Laying the foundation stone for the integrated recycling line for used beverage cans (UBC) at its Neuss plant in Germany, Hydro today marked another milestone in this EUR 45 million project. The recycling line, covering an area of some 20,000 square meters, will double our existing annual recycling...
Qatalum plays an important role amongst Hydro’s Primary Metal group. At the AMPS Conference in Norway, it highlighted advanced improvement initiatives and picked up an award, led by similar improvement practices, for customer satisfaction. Qatalum delegates participated in the AMPS Conference from...
Following approval from the German Federal Cartel Office, Hydro has completed the previously announced acquisition of WMR Recycling GmbH. With effect from April 1, WMR is a fully-owned subsidiary of Hydro, legally named Hydro Aluminium Recycling Deutschland GmbH. Utilizing x-ray transmission and...
Norwegian aluminium company Norsk Hydro ASA’s fully owned subsidiary Hydro Energi AS has signed a long-term power contract with Axpo Trading AG, a Switzerland-based energy company with captive power production and international trading activity, for annual supply of 0.25 terrawatt hours (TWh) over...
Hydro's first quarter results 2015 will be released at 07:00 CET (01:00 AM EST, 06:00 UK time), on Wednesday April 29, 2015. The quarterly report and presentation slides will be available on Hydro's website at the same time. Presentation in Oslo Hydro will host a combined analyst and press...
One of two ball mills at Hydro’s bauxite mining operations, Paragominas in Para, Brazil, was taken out for planned maintenance in the beginning of March, with planned return to production towards the second half of March. As work progressed, an inspection revealed items which require an extended...
"After challenging years, the fundamentals in the aluminium market show some improvement - and our ambitious improvement strategy yields significant results turning Hydro into a strong player well positioned for a better, bigger and greener future," President and CEO Svein Richard Brandtzæg writes...
Hydro has entered into a contract with Multiconsult for engineering services for the planned pilot plant at Karmøy. The Karmøy pilot aims to verify the world's most energy and climate efficient electrolysis technology. The contract covers the engineering design of demolition work, a new potroom,...
To further strengthen its activities in aluminium recycling, Hydro have acquired WMR Recycling GmbH (WMR) in Dormagen, Germany, from Kural GmbH and Kurth Grundstücksverwaltungs UG. Following the transaction, Hydro will own the most advanced aluminium scrap sorting technology in the world. The...
Norsk Hydro ASA's underlying Earnings Before Interest and Tax (EBIT) increased to NOK 2,886 million in the fourth quarter, up from NOK 1,490 million in the third quarter of 2014. Bauxite & Alumina and Primary Metal delivered their highest quarterly results since 2007. • Record high quarterly...
Hydro has made a formal investment decision to develop a full scale pilot plant in Karmøy to demonstrate the world's most energy and climate efficient aluminium production. A final build decision for the project, with total costs estimated at NOK 3.9 billion, is conditioned on Hydro securing a...
The EFTA (European Free Trade Association) Surveillance Authority has approved funding of NOK 1.5 billion from Enova for Hydro to test the world's most energy- and climate-efficient aluminium production in a full-scale pilot plant at Karmøy, Norway. Enova's support has been one of the prerequisites...
Hydro and SGL Group have launched a three-year project aiming to tap further energy saving potentials in the primary aluminum production process. Building on each other’s technological strengths and know-how, the companies are joining forces to develop a new cathodic solution for this purpose. •...
The decision is a result of the major changes Hydro has gone through over the last 10-15 years, going from a conglomerate operating in several business sectors to a pure aluminium company with its own significant electric power production. Fertilizer production, which played such an important role...
Tajikistan’s Minister of Economic Development and Trade, Sharif Rakhimzoda declared that the country plans to increase its aluminium output to 190 thousand tons from the 121 thousand tons produced the previous year. The ministry had declared an estimated production of 150 thousand tons of aluminium...
