Norsk Hydro aluminium

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...

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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. […]

Norsk Hydro Plans Expansion Of Its On-Site Aluminium Recycling Program

Norwegian aluminium producer Norsk Hydro ASA announced last week its plans to expand a program of directly recycling aluminium from its plants, which it hopes will further reduce its low carbon footprint and increase production by allowing for use of post-consumer aluminium scrap as well. The initiative would enhance its already low carbon per unit […]

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 Announces Successful Test Of Energy Saving Aluminium Smelting Tech

Norwegian aluminium smelter Norsk Hydro ASA announced last week the successful verification of its new proprietary energy-saving primary aluminium technology at Technology Pilot at Karmøy, Norway. Per the firm, HAL4e is capable of producing primary aluminium using up to 15 percent less energy than the industry average. The two-year pilot program at Karmøy intended to […]