Hilde Merete Aasheim

Norsk Hydro Roars Back With Strong Q2 2021 Earnings

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...

Events

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 […]

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. […]

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 and development center, global sales offices, and approximately 5,000 employees. The majority of […]

Norsk Hydro And Lyse Merge Hydropower Assets Into New Joint Partnership

Norwegian aluminium smelter Norsk Hydro ASA and compatriot industrial group Lyse announced earlier this week the formation of a joint hydropower company that will be the result of a merger of the two firms’ hydroelectric assets. The new company will operate under the name Lyse Kraft DA and feature an annual power production capacity of […]