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Norsk Hydro ASA (NHYDY.PK)

NHYDY.PK on OTC Markets Group

3.01USD
17 Sep 2020
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Latest Key Developments (Source: Significant Developments)

Norsk Hydro Says Paragominas Bauxite Pipeline In Brazil Halted For Extended Maintenance
Wednesday, 19 Aug 2020 

Aug 18 (Reuters) - Norsk Hydro ASA ::REG-NORSK HYDRO: PARAGOMINAS BAUXITE PIPELINE IN BRAZIL HALTED FOR EXTENDED MAINTENANCE, REDUCING PRODUCTION AT ALUNORTE.DURING PLANNED MAINTENANCE WORK IN Q3, IT WAS DISCOVERED THAT A SECTION OF PIPELINE HAD DETERIORATED FASTER THAN EXPECTED.WORK WILL COMMENCE IMMEDIATELY, AND OPERATIONS ARE EXPECTED TO RESUME WITHIN TWO MONTHS.DURING THIS PERIOD, PRODUCTION AT ALUNORTE WILL BE REDUCED, EXPECTED TO A LEVEL BETWEEN 35-45 PERCENT OF FULL CAPACITY.REDUCED PRODUCTION WILL IMPACT FINANCIAL RESULTS FOR Q3 2020.  Full Article

Rising raw material costs to weigh on Q3 Norsk Hydro earnings -CEO
Wednesday, 22 Jul 2020 

July 22 (Reuters) - Norsk Hydro ASA Chief Executive Hilde Merete Aasheim told Reuters::NORSK HYDRO CEO SAYS THE BOARD WILL DISCUSS DIVIDEND PAYMENT QUESTION LATER THIS YEAR.NORSK HYDRO CEO SAYS THERE IS STILL A LOT OF MARKET UNCERTAINTY AMID A RISK OF SECOND COVID-19 WAVE DESPITE SIGNS OF ALUMINIUM DEMAND RECOVERING IN CHINA.NORSK HYDRO CEO SAYS DEMAND IN CHINA EXPECTED TO RECOVER IN 2021 AT EARLIEST, WHILE DEMAND IN NORTH AMERICA AND EUROPE WILL LAG BOTH IN 2021 AND 2022.NORSK HYDRO CEO SAYS IT'S FAIR TO ASSUME THAT BAUXITE AND ALUMINA SEGMENT UNDERLYING PROFIT WILL BE LOWER IN Q3 DUE TO RISING RAW MATERIAL COSTS VERSUS Q2.  Full Article

Hydro Enters Strategic Partnership With Drinks Producer HELL
Tuesday, 21 Jul 2020 

July 21 (Reuters) - Norsk Hydro ASA ::HYDRO'S PLANTS IN GERMANY WILL START SUPPLYING HYDRO CIRCAL RECYCLED ALUMINIUM TO THE HELL ENERGY GROUP, A PRODUCER OF ENERGY AND SOFT DRINKS WITH OWN ..., JULY 21, 2020.HYDRO ENTERS STRATEGIC PARTNERSHIP WITH DRINKS PRODUCER HELL.  Full Article

Norsk Hydro Updates On Expected Annual Production Of Hydro Circal From Azuqueca
Wednesday, 8 Jul 2020 

July 8 (Reuters) - Norsk Hydro ASA ::ANNUAL PRODUCTION OF HYDRO CIRCAL FROM AZUQUECA IS EXPECTED TO BE AROUND 20,000 TONNES.ALUMINIUM RECYCLING PLANT IN AZUQUECA, SPAIN, WILL START PRODUCING RECYCLED ALUMINIUM HYDRO CIRCAL.  Full Article

Norsk Hydro Supplies Project In Poland With 120 Tonnes Of Hydro Circal
Wednesday, 17 Jun 2020 

June 17 (Reuters) - Norsk Hydro ASA ::THE LIXA PROJECT IN WARSAW, POLAND IS USING HYDRO CIRCAL RECYCLED ALUMINIUM AS FACADE MATERIAL IN THE NEW, INNOVATIVE OFFICE BUILDINGS.HYDRO WILL SUPPLY 120 TONNES OF HYDRO CIRCAL TO PROJECT.  Full Article

Norsk Hydro: Egil Hogna To Leave
Tuesday, 2 Jun 2020 

June 2 (Reuters) - Norsk Hydro ASA ::NORSK HYDRO: EGIL HOGNA TO LEAVE HYDRO.EGIL HOGNA, EXECUTIVE VICE PRESIDENT FOR EXTRUDED SOLUTIONS BUSINESS AREA IN HYDRO, TO LEAVE HYDRO TO TAKE OVER AS CEO FOR NORCONSULT.HOGNA WILL CONTINUE AS EXECUTIVE VICE PRESIDENT UNTIL A NEW LEADER IS IN PLACE, UNTIL DECEMBER 1, 2020, AT LATEST..  Full Article

Norsk Hydro Plans To Restructure Operations And Possibly Close Aluminium Fabrication Business Unit In Bromyard
Tuesday, 26 May 2020 

May 26 (Reuters) - Norsk Hydro ASA ::PLANNING TO RESTRUCTURE ITS OPERATIONS AND POSSIBLY CLOSE ALUMINIUM FABRICATION BUSINESS UNIT IN BROMYARD.ACTIVITIES CURRENTLY PERFORMED IN BROMYARD WILL BE MOVED TO BEDWAS SITE IN SOUTH WALES, ENABLING STREAMLINING OF BOTH MATERIALS AND OPERATIONS.BROMYARD PLANT HAS 56 EMPLOYEES AND PLANNED RESTRUCTURING IS EXPECTED TO BE COMPLETED BY END 2020.DUE TO CHALLENGING MARKET CONDITIONS IN UK, HYDRO IS PLANNING TO RESTRUCTURE ITS OPERATIONS AND POSSIBLY CLOSE ALUMINIUM FABRICATION BUSINESS UNIT IN BROMYARD.HYDRO WILL CONDUCT PROCESS IN ACCORDANCE WITH ESTABLISHED AGREEMENTS WITH UNIONS AND UK LEGISLATION.  Full Article

Norsk Hydro Completes Successful Placement Of Senior Unsecured Bonds
Thursday, 7 May 2020 

May 8 (Reuters) - Norsk Hydro ASA ::REG-NORSK HYDRO: SUCCESSFUL PLACEMENT OF NEW BONDS.NORSK HYDRO ASA - COMPLETED A SUCCESSFUL PLACEMENT OF SENIOR UNSECURED BONDS WITH A TOTAL AMOUNT OF NOK 7 BILLION.  Full Article

Norsk Hydro Q1 Underlying EBITDA, Revenues Beat Consensus
Wednesday, 29 Apr 2020 

April 29 (Reuters) - Norsk Hydro ASA ::NORSK HYDRO: FIRST QUARTER 2020: LOWER COST LIFTS RESULT AMID SIGNIFICANT MARKET UNCERTAINTY.NORSK HYDRO Q1 UNDERLYING EBIT NOK 2,247 MILLION (NORSK HYDRO CONSENSUS NOK 1,166 MILLION).SUCCESSFUL RAMP-UP OF PRODUCTION AT ALUNORTE REFINERY, REDUCED COSTS AND POSITIVE CURRENCY EFFECTS ALL CONTRIBUTED POSITIVELY TO FIRST-QUARTER RESULTS.FINANCIAL IMPACT FROM REDUCED OPERATIONS DUE TO COVID-19 WAS LIMITED IN Q1, MAINLY AFFECTING EXTRUDED SOLUTIONS.NORSK HYDRO Q1 UNDERLYING EBITDA NOK 4,403 MILLION (NORSK HYDRO CONSENSUS NOK 3,277 MILLION).NORSK HYDRO Q1 REVENUES NOK 38,124 MILLION (NORSK HYDRO CONSENSUS NOK 37,774 MILLION).  Full Article

Norsk Hydro said some sites in southern Europe reopened this week
Wednesday, 8 Apr 2020 

April 8 (Reuters) - Norsk Hydro said::NORSK HYDRO: THE COVID-19 SITUATION CONTINUES TO AFFECT GLOBAL ECONOMY AND ALUMINIUM DEMAND.NORSK HYDRO: WHILE THE SITUATION IS LEADING TO CLOSURES AND REDUCED PRODUCTION AT MANY HYDRO SITES, SOME PLANTS ARE RE-OPENING TO MEET CUSTOMER DEMAND.NORSK HYDRO: 2,100 EMPLOYEES TEMPORARILY LAID OFF.NORSK HYDRO: SOME EXTRUDED SOLUTIONS SITES IN SOUTHERN EUROPE REOPENED THIS WEEK.  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.