Eivind Kallevik

Norsk Hydro Plans NOK750 MM Upgrade To Sunndal Aluminium Smelter

Norsk Hydro Plans NOK750 MM Upgrade To Sunndal Aluminium Smelter

Norwegian aluminium firm Norsk Hydro ASA announced this week its plans to invest NOK750 million (US$82.4 million) at its Sunndal plant’s capacity for low-carbon aluminium. Hydro said the investment would come in the form of replacing and upgrading its high-voltage rectifier system,...


Recovery Underway At Norsk Hydro After Cyber Attack

Norsk Hydro ASA yesterday provided an update regarding the cyber attack the firm experienced earlier this week, indicating that significant progress has been made toward returning their IT system to service. Per the firm, its technical team has been collaborating with third-party specialists to track down the source of the attack. At present a plan […]

Norsk Hydro Places US$725 Million in New Bonds

Norwegian aluminium smelter Norsk Hydro A.S.A. announced yesterday the successful placement of approximately US$725 million in senior unsecured bond issues. According to the company, the bond issue is divided into five parts: SEK1 billion (US$119 million) in two-year fixed-rate notes with a coupon of 0.125% per annum and a reoffer yield of 0.18%, SEK1 billion […]

Norsk Hydro to Sell Herøya Facilities to Yara

Oslo’s Norsk Hydro ASA announced on Friday that it entered into an agreement with fellow Norwegian firm Yara International ASA for the sale of Herøya Nett AS and the quay facility at Herøya Industrial park. According to Hydro, the sale of Herøya Nett and the thirty employees who work there will close in June. No […]

Norsk Hydro Names Silvio Porto EVP of Bauxite and Alumina

Norsk Hydro announced yesterday that Silvio Porto has been appointed the new Executive Vice President Bauxite and Alumina and has been added as a member of Hydro’s Corporate Management Board. The nomination took effect yesterday as well. Porto, who is a native of Belém, the capital and largest city of the Brazilian state of Pará, […]