Hilde Merete Aasheim

Glencore To Buy 30 Percent Of Alunorte From Norsk Hydro For US$700 Million

Glencore To Buy 30 Percent Of Alunorte From Norsk Hydro For US$700 Million

Norwegian aluminium producer Norsk Hydro ASA announced this week that it will sell 30 percent of Alunorte alumina refinery and 5 percent of MRN bauxite mine to Swiss miner Glencore plc. Per Glencore, the consideration on the sale should be in the...

Events

Hydro Closes Deal With Elkem And Altor For Sustainable Battery Materials Firm Vianode

Norwegian aluminium producer Norsk Hydro ASA announced yesterday the closing of a deal with Norwegian advanced material solutions provider Elkem and Altor Equity Partners for a stake in sustainable battery materials manufacturer Vianode. Hydro announced the deal this spring, which has Hydro and Altor purchasing 30 percent each of Vianode, and Elkem buying the remaining […]

Norsk Hydro Begins Construction Of New Aluminium Recycling Plant In SW Michigan

Norwegian aluminium producer Norsk Hydro ASA broke ground last week on a new US$150 million aluminium recycling plant in Cassopolis, Michigan. According to Hydro, the plant’s nameplate capacity will be 120 thousand metric tons of low-carbon aluminium extrusions per annum. Production is slated to begin next year, and the plant will create about 70 jobs […]

Norsk Hydro Makes List Of Fortune’s Most Admired Companies In 2022

Norwegian aluminium producer Norsk Hydro ASA was included in this year’s list of Fortune’s World’s Most Admired Companies. Hydro made the list as one of only three Scandinavian countries, joining Denmark’s shipping company Maersk and Swedish automotive manufacturer Volvo. Hilde Merete Aasheim, Hydro President and CEO, credited the firm’s global workforce in achieving the ranking […]

Norsk Hydro Posts Record High Adjusted EBITDA In Third Quarter

Norwegian aluminium producer Norsk Hydro ASA released financial and production results for the third quarter of 2021 last week. The firm delivered record results as it achieved its targets set for the quarter, thanks in large part to higher all-in prices for aluminium and alumina. Revenue for the quarter came to NOK36,710 million, up by […]

Norsk Hydro Roars Back With Strong Q2 2021 Earnings

Norwegian aluminium firm Norsk Hydro ASA released results for the second quarter of 2021 yesterday. Numbers for the quarter generally reflected the improved market for aluminium, with financial markers exceeding both the prior quarter and the prior year. In the year’s second quarter Hydro reported revenues of NOK34,559 million, better slightly on the quarter and […]