Europe

Norsk Hydro Announces Company-Wide Restructuring

Norsk Hydro Announces Company-Wide Restructuring

Norwegian aluminium giant Norsk Hydro ASA said yesterday it will soon implement a plan to increase returns and cash flow via a wide-ranging effort at improving and restructuring its business areas, all while emphasizing sustainability in its business practices. The plan, which...

Events

Norsk Hydro Agrees To Sell Romanian Extrusion Plant To Austrian Firm For Undisclosed Sum

Norwegian aluminium producer Norsk Hydro ASA yesterday announced the signing of an agreement with Austrian firm Hammerer Aluminium Industries (HAI) to sell Romanian extrusion plant Hydro Extrusion SRL. Terms of the transaction were not released, but Hydro indicated that the sale would likely be complete by year’s end. Hydro indicated that the decision to sell […]

En+ Group Joins Business Ambition for 1.5°C Movement

Russian aluminium behemoth U.C. Rusal’s parent company En+ Group IPJSC announced yesterday its intention to reach certain science-based emission reduction targets (SBTi) in order to contribute to the global movement to establish a global net-zero carbon economy. In joining the Business Ambition for 1.5°C movement, En+ says it is responding by continuing calls to action […]

TRIMET Aluminium Joins Aluminium Stewardship Initiative

The Aluminium Stewardship Initiative (ASI) announced Monday the addition of German recycling firm TRIMET Aluminium SE to its ranks. With TRIMET’s addition as a Production & Tranformation member, the ASI’s total membership rises to 98. Philipp Schlüter, TRIMET Aluminium SE’s CEO, said his firm is eager to join ASI due to its focus on sustainable […]