Norsk Hydro

Hydro’s Fourth Quarter Results Sag Thanks To Sluggish Demand And Anemic Metals Markets

Hydro’s Fourth Quarter Results Sag Thanks To Sluggish Demand And Anemic Metals Markets

Norwegian aluminium smelter Norsk Hydro ASA released results for the final quarter of 2019 on Friday. Falling demand and weak metals prices took its toll in the period, resulting in a tepid bottom line. In the prior quarter, Hydro posted an underlying...

Events

Norsk Hydro Enters Into US$1.6 Billion Sustainability-Linked Revolving Credit Facility

Norwegian aluminium giant Norsk Hydro ASA announced yesterday the signing of a new, US$1.6 billion revolving multi-currency credit facility with margins linked to the firm’s greenhouse gas emissions target. Per the firm, the new credit facility will be used for general corporate purposes. It features a tenor of five years, with two one-year options to […]

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 […]