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Norsk Hydro Sells Aluminium Rolling Business To KPS Capital Partners For €1,380 MM

Norsk Hydro Sells Aluminium Rolling Business To KPS Capital Partners For €1,380 MM

Norwegian aluminium producer Norsk Hydro ASA said yesterday it sold its aluminium rolling business to KPS Capital Partners for €1,380 million as part of the firm’s effort to shore up profitability and encourage sustainability. Hydro’s rolling business includes seven plants, a research...

Events

Brazilian Court Lifts Second Of Two Embargoes At Alunorte

Brazil’s federal court lifted the final embargo on the waste disposal unit at Alumina do Norte do Brasil S.A. (Alunorte) on Thursday, drawing to a close the 19-month production curtailment at the site and paving the way for the world’s most prolific alumina refinery to resume full production. Thursday’s action to remove the criminal suit’s […]

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 will be unveiled at Hydro’s Investor Day 2019, will outline Hydro’s new strategic […]

Second And Final Production Embargo At Alunorte Lifted By Brazilian Court

The last remaining production embargo at Alumina do Norte do Brasil S.A. (Alunorte) is a thing of the past after the Brazilian federal court in Belem vacated it on Monday. Norsk Hydro made the announcement yesterday of the embargo’s end, noting that the criminal lawsuit from which it sprung still continues. Additionally, embargoes on use […]