Norsk Hydro

Norsk Hydro Plans Restart of Second Production Line at Husnes Aluminium Smelter

Norsk Hydro Plans Restart of Second Production Line at Husnes Aluminium Smelter

Norsk Hydro A.S.A. announced on Thursday that the decision has been made to upgrade and restart the currently-idle second production line at Hydro Husnes in southwest Norway. Restarting the line, which was idled in 2009, will see the facility’s total aluminium output...

Events

Norsk Hydro Inks Long-Term Energy Contract with Swedish Wind-Energy Firm

Norway’s aluminium firm Norsk Hydro A.S.A. announced yesterday that a subsidiary signed a long-term power contract with a Swedish wind-power company for electricity to fuel the firm’s aluminium operations. Hydro Energi AS’s agreement is with Sweden’s Markbygden Ett AB and will have the latter providing an annual baseload supply to Hydro Energi of 1.65 TWh. […]

Norsk Hydro Places US$725 Million in New Bonds

Norwegian aluminium smelter Norsk Hydro A.S.A. announced yesterday the successful placement of approximately US$725 million in senior unsecured bond issues. According to the company, the bond issue is divided into five parts: SEK1 billion (US$119 million) in two-year fixed-rate notes with a coupon of 0.125% per annum and a reoffer yield of 0.18%, SEK1 billion […]

Norsk Hydro Mulling Ramp Up of Capacity at Husnes Aluminium Smelter

Citing efforts by the People’s Republic of China to clamp down on runaway aluminium capacity, Norwegian aluminium smelter Norsk Hydro A.S.A. is considering firing up aluminium smelting capacity that has been shuttered since 2009. In an interview with Reuters, Hydro’s Chief Executive Svein Richard Brandtzæg revealed that his firm is weighing the possibility of ramping […]

Norsk Hydro’s Q3 Financials Weighed Down by Rise in Raw Material Costs

Norsk Hydro A.S.A. reported results for the third quarter of 2017 yesterday. The firm’s financial numbers were off for the quarter, while production in key segments was generally level. Net income in the quarter totaled NOK2.2 billion, up 40 percent quarter-on-quarter from last quarter’s total of NOK1.6 billion, and up 95 percent year-on-year from last […]

Sources Say Expiration of Zhongwang Talks with Aleris Opens Door for Hindalco Bid

According to sources professing knowledge of the situation, last week’s expiration of acquisition talks between Aleris International, Inc. and China Zhongwang Holdings Limited has paved the way for the long-promised purchase pitch from Hindalco for the Cleveland aluminium extruder. Although talks between Aleris and Zhongwang lasted over a year and were extended several times, national-security […]