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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Svein Richard Brandtzæg will stay on as President and CEO of Norwegian aluminium company Norsk Hydro ASA. "We are very pleased that Brandtzæg has decided to continue as President and CEO of Hydro," said Dag Mejdell, chair of Hydro's Board of Directors. "Brandtzæg has led the company in a steady and...
Hydro wants a bigger piece of the recycling market and to strengthen its position as a leading aluminium company also in recycling. The partnership with WWF and Norwegian school children in the Tea Light Hunt campaign has increased knowledge about Hydro and aluminium recycling in Norway. During the...
Hydro's many aluminium applications and capabilities are on display at "Aluminium 2014" in Düsseldorf on October 7-9. More than 950 exhibitors from 50 nations are taking part and around 25,000 visitors are expected at the Aluminium 2014 World Trade Fair & Conference. Hydro President and CEO Svein...
Hydro has decided to reduce remelt activities at its primary metal plant in Sunndal, Norway, and to replace volumes by ramping up production at its SU3 potline. The SU3 potline consists of two production halls with a total production capacity of 100,000 tonnes per year. Due to the economic downturn...
President and CEO Svein Richard Brandtzæg had the pleasure of opening the pilot line in Årdal on Wednesday. “Innovation and technological expertise has always been a backbone of Hydro, and this project shows that the innovative spirit in Hydro is as strong today as it was more than 100 years ago...
The owners of the Kurri Kurri aluminium plant have told a recent meeting they have no plans to redevelop the site themselves. The Hydro plant as Kurri Kurri was officially closed earlier this year after being placed in care and maintenance mode about 18 months prior. The company now wants to...
A detailed report on the increasing use of aluminium in the automotive industry has been published by Automotive World. Featuring interviews with industry experts and executives from leading OEMs including Ford, Jaguar Land Rover and Audi, Automotive World Briefing: The auto industry falls for...
Norsk Hydro ASA's underlying earnings before financial items and tax (EBIT) declined to NOK 544 million in the second quarter from NOK 772 million in the first quarter. Seasonally lower power production and prices weighed on underlying results, partly offset by higher all-in metal prices and...
The public consultation on the draft Performance Standard and Chain of Custody Standard of the Aluminium Stewardship Initiative is now open from 14 July to 7 September 2014. The Aluminium Stewardship Initiative (ASI) was launched at the end of 2012 by key players in the aluminium industry and is...
Svein Richard Brandtzæg, President and CEO in Norwegian aluminium company Norsk Hydro ASA, has informed the Board of Directors that he will leave Hydro to take over as President and CEO for Norwegian fertilizers group Yara International ASA from February 1, 2015, at the latest. The process to find...
Underlying EBIT for Sapa improved compared to the first quarter, partly influenced by seasonally stronger sales volumes. Sapa’s restructuring agenda is progressing according to plan and reported EBIT is affected by related restructuring charges. Key Figures - Sapa (50%) Second quarter 2014 First...
Aluminium company Hydro and Rio Tinto Alcan (RTA) have signed an agreement for Hydro to take over RTA's share of the aluminium smelter Sør-Norge Aluminium AS (Søral) in Norway. Following the closing of the agreement, the plant will become Hydro's fifth fully owned aluminium smelter in Norway. Søral...
Qatalum has inaugurated its state-of-the-art Pot Relining plant, following the project's successful and timely completion Wednesday 25th of June The opening ceremony was attended by Hilde Merete Aasheim, Vice Chairperson to the Qatalum Board and Executive Vice President of Primary Metal at Hydro,...
Progressiveness and market leadership characterize Hydro, which is celebrating the 50th anniversary of its innovative aluminium powerhouse in Germany, the Research and Development Centre in Bonn. Within the framework of a symposium at the Petersberg Grandhotel near Bonn, the main focus of the...
Following a selection process, Hydro decided on BWG Bergwerk- und Walzwerk-Maschinenbau GmbH as general supplier for this part. BWG, headquartered in Duisburg, Germany, develops and designs process lines, machines and special constructions. Hydro has worked with BWG on previous projects. “We are...
With the NOK 80 million investment in casting tables with Adjustable Flexible Moulds (AFM), and new liquid distribution systems, Hydro strengthens its position as a supplier of advanced sheet ingot. “This investment is strategically important, and fits very well with our strategy to high-grade our...
Norwegian aluminium company Norsk Hydro ASA has signed a long-term power contract with Norwegian renewable energy producer Agder Energi AS, for annual supply of 0.5 terawatt hours (TWh) over 10 years from 2021 to 2030. Hydro has, including the above-mentioned contract, over the last weeks signed...
Being in the business for 30 years, Hydro holds the leading market position and is the most experienced partner for all big producers of electric transformers across Europe, increasing shipments to manufacturers overseas, notably in the Middle East, South America and Australia. The top product is...
