Hilde Merete Aasheim

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

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...

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Events

Hydro Completes Sale Of Aluminium Rolling Business To KPS Capital Partners

Hydro Completes Sale Of Aluminium Rolling Business To KPS Capital Partners

Norwegian aluminium producer Norsk Hydro ASA announced this week the successful closure of its sale of its rolling aluminium business to KPS Capital Partners. The sale included seven plants, a research and development center, several sales offices around the world, and about 5,000 employees, most of whom are outside of Norway and located in Germany. […]

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Norsk Hydro’s Bauxite Production Jumps By 9 Percent In The First Quarter

Norsk Hydro’s Bauxite Production Jumps By 9 Percent In The First Quarter

Norwegian aluminium producer Norsk Hydro ASA released results for the first quarter of 2021 this week. Strong extruded aluminium demand and a better overall price for primary aluminium helped buoy the period’s numbers. Revenue in the first quarter came to NOK31,951 million, up by 12 percent on the quarter and 1 percent on the year. […]

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Norsk Hydro To Increase Hydrogen Power Use At Norwegian Plants

Norsk Hydro To Increase Hydrogen Power Use At Norwegian Plants

Norwegian aluminium producer Norsk Hydro ASA said last week that it is exploring opportunities to develop its hydrogen facilities in order to offer renewable energy sources to third parties as well as enhancing its capabilities for producing low-carbon aluminium. Hysdro’s president and CEO Hilde Merete Aasheim said in a press release that the opportunity for […]

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Extruded Aluminium Buoys Norsk Hydro Financial Results In 2020

Extruded Aluminium Buoys Norsk Hydro Financial Results In 2020

Norwegian aluminium producer Norsk Hydro ASA released its annual report on Friday. Despite the challenges to the global economy and the worldwide aluminium market, the firm reported strong results even in the face of coronavirus’s impact. For the year 2020 Hydro reported income of NOK138,118 million, down from the prior year’s income of NOK149,766 million. […]

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