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Norsk Hydro ASA (NHYDY.PK)

NHYDY.PK on OTC Markets Group

2.62USD
24 Sep 2020
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Latest Key Developments (Source: Significant Developments)

Norsk Hydro Unit Hycast Wins Contract From Spanish Aluminium Company Alu Iberica
Friday, 18 Sep 2020 

Sept 18 (Reuters) - Norsk Hydro ASA ::HYCAST WINS CONTRACT TO DELIVER STATE-OF--ART TECHNOLOGY TO SPANISH ALUMINIUM COMPANY ALU IBERICA.HYCAST AS, A FULLY OWNED SUBSIDIARY OF HYDRO, IS ENTERING INTO A EUR 9.7 MILLION CONTRACT WITH ALU IBERICA TO PROVIDE CASTHOUSE TECHNOLOGY FOR TWO ALUMINIUM PLANTS IN NORTHERN SPAIN.AGREEMENT INCLUDES DESIGN AND SUPPLY OF EQUIPMENT FOR CASTING EXTRUSION INGOTS BASED ON RECYCLED ALUMINIUM.  Full Article

Norsk Hydro Q2 Underlying EBITDA, EBIT Beat Estimates
Wednesday, 22 Jul 2020 

July 22 (Reuters) - Norsk Hydro ASA ::NORSK HYDRO: SECOND QUARTER 2020: FIRM MEASURES, LOWER COSTS IN CHALLENGING MARKETS.NORSK HYDRO Q2 UNDERLYING EBIT NOK 949 MILLION (NORSK HYDRO CONSENSUS NOK 594 MILLION).RAMP-UP OF ALUNORTE'S PRODUCTION AND REDUCED COSTS, INCLUDING RECORD LOW PRODUCTION COST AT ALUNORTE, CONTRIBUTED POSITIVELY TO Q2 RESULTS.POSITIVE ELEMENTS WERE PARTLY OFFSET BY REDUCED REALIZED ALUMINA AND ALUMINIUM PRICES IN ADDITION TO REDUCED DOWNSTREAM VOLUMES.NORSK HYDRO Q2 UNDERLYING EBITDA NOK 3,050 MILLION (NORSK HYDRO CONSENSUS NOK 2,674 MILLION).NORSK HYDRO Q2 REVENUES NOK 30,931 MILLION (NORSK HYDRO CONSENSUS NOK 32,214 MILLION).OPERATIONS AT PARAGOMINAS, ALUNORTE, AND ALBRAS ARE RUNNING AS NORMAL, AND RISKS ARE BEING ASSESSED AND MANAGED ON AN ONGOING BASIS.ALTHOUGH UNCERTAINTY REMAINS HIGH, SEVERAL COUNTRIES, AND ESPECIALLY CHINA, ARE SHOWING SIGNS OF RECOVERY TOWARDS END OF Q2.GLOBAL FALL IN DEMAND AND GOVERNMENT-IMPOSED RESTRICTIONS HAVE DIRECTLY AFFECTED CERTAIN OPERATIONS IN HYDRO.EXTRUDED SOLUTIONS, ROLLED PRODUCTS AND RECYCLING FACILITIES WERE IMPACTED MOST, WITH CAPACITY UTILIZATION STARTING TO IMPROVE TOWARDS END OF QUARTER.EXTRUDED SOLUTIONS AND ROLLED PRODUCTS ARE OPERATING AT REDUCED CAPACITY UTILIZATION.BAUXITE & ALUMINA, PRIMARY METAL AND ENERGY HAVE BEEN OPERATING LARGELY AS NORMAL DURING QUARTER.SEEING POSITIVE CONTRIBUTIONS FROM COST IMPROVEMENT INITIATIVES ACROSS PORTFOLIO, AS WELL AS RAMP-UP OF BRAZILIAN OPERATIONS.  Full Article

Norsk Hydro Says Production Resumed At Paragominas And Alunorte
Friday, 3 Jul 2020 

July 3 (Reuters) - Norsk Hydro ASA ::REG-NORSK HYDRO: PRODUCTION RESUMED AT PARAGOMINAS AND ALUNORTE.POWER SUPPLY TO HYDRO'S PARAGOMINAS BAUXITE MINE, IN STATE OF PARÁ IN NORTHERN BRAZIL, HAS BEEN RESTORED.PRODUCTION IS BEING RAMPED UP AT HYDRO'S ALUNORTE ALUMINA REFINERY..THERE WERE NO PERSONNEL INJURIES, DAMAGE TO OTHER PRODUCTION ASSETS OR IMPACT ON NEARBY ENVIRONMENT.PRELIMINARY FINDINGS INDICATE THAT PARTS WERE STOLEN FROM TOWERS CAUSING THEM TO OVERTURN..  Full Article

Norsk Hydro To Close Hydro Precision Tubing Pune Plant In India
Monday, 22 Jun 2020 

June 22 (Reuters) - Norsk Hydro ASA ::HYDRO TO CLOSE HYDRO PRECISION TUBING PUNE PLANT IN INDIA.HYDRO PT PUNE HAS MADE LOSSES IN 2019 AND IS EXPECTED TO MAKE A LOSS ALSO IN 2020.ON HYDRO PRECISION TUBING PUNE PLANT: BASIS FOR CONTINUED OPERATION IS NOT PRESENT.  Full Article

Norsk Hydro Reports Power Outage At Paragominas, Alunorte
Monday, 22 Jun 2020 

June 22 (Reuters) - Norsk Hydro ASA ::NORSK HYDRO: POWER OUTAGE AFFECTING PRODUCTION AT PARAGOMINAS AND ALUNORTE.NORSK HYDRO ASA - WORK TO REPAIR TOWERS HAS STARTED AND REGULAR POWER SUPPLY TO PARAGOMINAS IS EXPECTED TO RESUME WITHIN TWO TO THREE WEEKS.NORSK HYDRO ASA - PARAGOMINAS MINE DELIVERS BAUXITE TO ALUNORTE ALUMINA REFINERY IN BARCARENA VIA A 244-KILOMETER-LONG PIPELINE.NORSK HYDRO ASA - PRODUCTION AT ALUNORTE DURING THIS PERIOD WILL BE REDUCED TO BETWEEN 50-70% OF FULL CAPACITY TO BALANCE BAUXITE INVENTORIES..NORSK HYDRO ASA - THERE WERE NO INJURIES TO PEOPLE NOR DAMAGE TO ENVIRONMENT OR OTHER PRODUCTION ASSETS AS A RESULT OF INCIDENT.NORSK HYDRO ASA - DOES NOT EXPECT SIGNIFICANT CUSTOMER IMPACT FROM POWER OUTAGE.NORSK HYDRO ASA - DOES NOT EXPECT SIGNIFICANT CUSTOMER IMPACT FROM POWER OUTAGE..NORSK HYDRO ASA - INITIAL FINDINGS SHOW THAT SOME PARTS OF TRANSMISSION TOWERS HAVE BEEN REMOVED, CAUSING THREE POWER TRANSMISSION TOWERS TO OVERTURN AND LEADING TO POWER OUTAGE.  Full Article

Norsk Hydro Provides COVID-19 Operational Update
Monday, 15 Jun 2020 

June 15 (Reuters) - Norsk Hydro ASA ::NORSK HYDRO: COVID-19 OPERATIONAL UPDATE.BAUXITE AND ALUMINA VOLUMES IN APRIL AND MAY HAVE INCREASED COMPARED TO SAME PERIOD IN 2019.PRIMARY METAL VOLUMES IN APRIL AND MAY HAVE SLIGHTLY INCREASED COMPARED TO SAME PERIOD IN 2019.METAL MARKETS VOLUMES IN APRIL AND MAY FOR RECYCLING BUSINESS UNIT IN METAL MARKETS HAVE DECREASED COMPARED TO SAME PERIOD IN 2019, REFLECTING WEAKER MARKET DEMAND IN LIGHT OF COVID-19.ROLLED PRODUCTS VOLUMES IN APRIL AND MAY HAVE DECREASED COMPARED TO SAME PERIOD IN 2019, REFLECTING WEAKER MARKET DEMAND IN LIGHT OF COVID-19.EXTRUDED SOLUTIONS VOLUMES IN APRIL AND MAY HAVE DECREASED COMPARED TO SAME PERIOD IN 2019, REFLECTING WEAKER MARKET DEMAND IN LIGHT OF COVID-19.ENERGY VOLUMES IN APRIL AND MAY HAVE SLIGHTLY DECREASED COMPARED TO SAME PERIOD IN 2019.  Full Article

Norsk Hydro Launches Joint Venture With Northvolt
Monday, 1 Jun 2020 

June 1 (Reuters) - Norsk Hydro ASA ::NORTHVOLT AND HYDRO LAUNCH JOINT VENTURE TO ENABLE ELECTRIC VEHICLE BATTERY RECYCLING.NORTHVOLT - JOINT RECYCLING HUB TO START OPERATIONS IN NORWAY IN 2021.NORTHVOLT - HYDRO VOLT WILL START OPERATIONS IN FREDRIKSTAD, NORWAY, WITH FEED OF BATTERIES COMING FROM THE NORWEGIAN EV MARKET.  Full Article

Norsk Hydro: Fixed Income Investor Meetings And Contemplated Bond Issuance
Monday, 4 May 2020 

May 4 (Reuters) - Norsk Hydro ASA ::REG-NORSK HYDRO: FIXED INCOME INVESTOR MEETINGS AND CONTEMPLATED BOND ISSUANCE.MANDATED DANSKE BANK, DNB MARKETS AND SEB AS JOINT LEAD MANAGERS TO ARRANGE A SERIES OF FIXED INCOME INVESTOR CALLS DURING 5 AND 6 MAY 2020.CONSIDER BUY-BACK IN WHOLE OR IN PARTS OF OUTSTANDING SEK 1 BILLION BOND ISSUE WITH MATURITY 9 NOVEMBER 2020.NOK AND/OR SEK DENOMINATED SENIOR UNSECURED FIXED AND/OR FLOATING RATE BOND ISSUES WITH MINIMUM TENORS OF 2 YEARS AND EXPECTED BENCHMARK SIZE IN TOTAL MAY FOLLOW.USE OF PROCEEDS FROM CONTEMPLATED BOND ISSUES WILL BE GENERAL CORPORATE PURPOSES, INCLUDING REFINANCING OF DEBT.  Full Article

Norsk Hydro to reopen more recycling and extrusion plants
Wednesday, 15 Apr 2020 

April 14 (Reuters) - Norsk Hydro ASA ::MORE RECYCLING PLANTS AND EXTRUSION PLANTS ARE RE-OPENING THIS WEEK TO FULFILL BACKLOG AND MEET CUSTOMER DEMAND IN DIFFERENT SEGMENTS.EXTRUDED SOLUTIONS: AROUND 30% OF THE SITES ARE RUNNING AT APPROXIMATELY NORMAL LEVELS, AROUND 50% ARE RUNNING AT REDUCED LEVELS AND AROUND 20% ARE EITHER CLOSED OR RUNNING AT VERY LOW LEVELS.ROLLED PRODUCTS: TEMPORARILY REDUCING PRODUCTION FOR AUTOMOTIVE SECTOR AS CUSTOMERS CLOSING PRODUCTION.HUSNES ALUMINIUM PLANT RAMP-UP POSTPONED TO Q3 2020 AT THE EARLIEST.RECYCLERS AZUQUECA IN SPAIN, LUCÉ IN FRANCE, RACKWITZ IN GERMANY AND DEESIDE IN UK RESTARTS THIS WEEK AFTER BEING TEMPORARILY CLOSED.US RECYCLERS HENDERSON AND COMMERCE OPERATING AT REDUCED CAPACITY-UTILIZATION IN RESPONSE TO FALLING DEMAND AND GOVERNMENT-IMPOSED RESTRICTIONS.A TOTAL OF 2,700 EMPLOYEES TEMPORARILY LAID OFF.  Full Article

Norsk Hydro to idle aluminium recycling in Luxembourg, France due virus impact
Tuesday, 24 Mar 2020 

March 23 (Reuters) - Norsk Hydro ASA said::THE CORONAVIRUS SITUATION IS INCREASINGLY AFFECTING CUSTOMERS’ AND CONSEQUENTLY HYDRO’S OPERATIONS.REDUCING OR HALTING PRODUCTION AT SOME SITES TO MEET WEAKER ORDERING AND CALL-OFFS FROM CUSTOMERS.IMPACT FROM THE CORONAVIRUS SITUATION IS CURRENTLY MOST VISIBLE IN THE AUTOMOTIVE SEGMENT AND IN PARTS OF BUILDING AND CONSTRUCTION, AND MOST IMMINENTLY IN SOUTHERN EUROPE.PRIMARY METAL BUSINESS AREA WILL TEMPORARILY IDLE TWO EUROPEAN RECYCLING OPERATIONS, IN FRANCE AND IN LUXEMBOURG.ROLLED PRODUCTS OPERATIONS MOSTLY RUNNING AS NORMAL BUT IMPACT EXPECTED IN THE COMING DAYS DUE TO CUSTOMERS CLOSING PRODUCTION IN EUROPE, PARTICULARLY AUTOMOTIVES.  Full Article

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Factbox: Aluminium groups compete to sell lower-carbon products

Aluminium companies have in recent years launched a raft of aluminium products with lower carbon dioxide emissions, largely by either using hydro power or recycled material.