Eivind Kallevik

Norsk Hydro To Cut Up To 113k Metric Tons Per Annum In Aluminium Billet At Karmøy And Husnes

Norsk Hydro To Cut Up To 113k Metric Tons Per Annum In Aluminium Billet At Karmøy And Husnes

Norwegian aluminium producer Norsk Hydro ASA announced a partial curtailment in the production of aluminium billet at Hydro Karmøy and Hydro Husnes in Europe due to a drop in demand for it on the continent. Altogether, Hydro plans a curtailment of between...

Events

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 […]