Alunorf receives Best Practice Award for energy efficiency
Alunorf, the world’s largest plant for remelting and hot rolling of aluminium and a 50% joint venture of Hydro, today was honored with a prize in Germany for exemplary energy and resource efficiency.
April 6, 2016
Stock exchange announcement
Norsk Hydro: Primary insiders purchase shares under Long Term Incentive program and shares to employees
Following approval by Norsk Hydro ASA's Annual General Meeting in 2010, the Board of Directors established a Long Term Incentive (LTI) in the form of a remuneration of 30 percent and 25 percent of annual base salary for the President and CEO and the other members of the Corporate Management Board respectively. The LTI payment requires that Hydro has had a positive underlying EBIT in the previous year. The participants will be required to invest the net amount after tax in Hydro shares and such shares must be held for at least three years.
April 1, 2016
Hydro and NTNU launch research center dedicated to aluminium products of the future
Hydro is donating up to NOK 10 million to create a five year professorship at the Norwegian University of Science and Technology (NTNU). The professorship will support the creation of the NTNU Aluminium Product Innovation Center (NAPIC). The vision of the center is to find new product areas for aluminium, and to establish NTNU as a world leader in the application of aluminium products.
March 22, 2016
Norsk Hydro annual reporting 2015: Creating value by becoming better, bigger, greener
“The world around us has shifted significantly and fast – again. A year ago, we experienced undersupply and record-high aluminium premiums. Shortly after, Chinese oversupply and rising exports pushed aluminium prices to 6-year lows. I am happy to report that Hydro’s improvement efforts has continued independently with undiminished intensity, giving benchmark results and improved ability to stay the course. We have in total delivered NOK 4.5 billion in annual improvements since 2011. That does not mean improvements have come to an end, and we are always seeking the next milestone. On our Capital Markets Day in December we launched a new ambition aiming to realize new annual improvements of another NOK 2.9 billion by 2019,” President and CEO Svein Richard Brandtzæg writes in his letter to shareholders.
March 18, 2016
Hydro informs on trade in Tajikistan
The Ministry of Trade, Industry and Fisheries (NFD) has asked Hydro to provide further information on its trade in Tajikistan. Hydro has today delivered its report to NFD with the main conclusion that there are no indications of Hydro having acted in violation of applicable laws, internal rules or guidelines.
March 7, 2016
Norsk Hydro: Hydro signs new long-term power contract for Norwegian aluminium portfolio
Norwegian aluminium company Norsk Hydro ASA's fully owned subsidiary Hydro Energi AS has signed a long-term power contract with Nordic Wind Power DA, a Norwegian wind power consortium, for annual baseload supply of between 0.6 and 1 TWh in the period from 2020 to 2039.
February 23, 2016
Stock exchange announcement
Fourth quarter 2015: Declining metal prices, lower costs and record production in Brazil
Hydro's underlying earnings before financial items and tax declined to NOK 1,566 million in the fourth quarter, down from NOK 2,215 million in the third quarter of 2015. The decline mainly reflected lower aluminium and alumina prices and a continued decline in realized premiums, partly offset by positive currency effects. For the full year 2015, underlying EBIT climbed to NOK 9,656 million from NOK 5,692 million in 2014, lifted by positive currency effects and supported by successful industry-leading improvement programs across Hydro.
February 17, 2016
Hydro to build the Karmøy technology pilot
Hydro has made a formal build decision for the planned full-scale technology pilot at Karmøy, Norway, aiming to verify the world’s most climate and energy efficient production of primary aluminium. Total costs are estimated at NOK 4.3 billion, consisting of net project costs of NOK 2.7 billion and around NOK 1.6 billion in support from Enova.
February 17, 2016
Better sorting means better recycling
We sort used aluminium most accurately, with new, leading technology. The result is more efficient recycling and fewer climate-related emissions – today in one plant, soon in two.
February 3, 2016
Hydro Årdal power outage has limited effect on production
Following the power outage on Friday night, around 10 percent of Hydro Årdal's primary aluminium production capacity is temporarily shut down.
February 1, 2016