February
Stock exchange announcement
Feb 24, 2009
Although activity in the building industry in Europe remains relatively stable, in the midst of the global economic crisis, Hydro has made adjustments in its aluminium building systems operations that will result in annualized cost savings of more than EUR 5 million.
Feb 18, 2009
Hydro's underlying EBIT was NOK 868 million in the fourth quarter, including inventory write-downs of about NOK 700 million. Underlying EBIT amounted to NOK 1,490 million in the third quarter and 1,699 million in the fourth quarter of 2007. Hydro's results for the quarter reflect the ongoing financial crisis, which has led to a dramatic drop in aluminium prices as a result of a sharp fall in global demand.
Feb 12, 2009
Hydro will be present at the TMS 2009 exhibition in San Francisco to highlight some of our most innovative advances in aluminium materials and processes.
Feb 11, 2009
Hydro has decided to continue the production curtailment process at its primary aluminium plant in Neuss, Germany, due to weak market conditions and high energy costs for the smelter.
Feb 11, 2009
Norsk Hydro ASA has on February 11 issued a NOK 1 billion commercial paper with maturity August 13, 2009, coupon 4.07%. Arranger is DnB NOR Markets.
Feb 10, 2009
Sør-Norge Aluminium AS (Søral), owned 49.9 percent by Hydro, will reduce its aluminium production by another 25 percent, resulting in a total reduction of 50 percent at the smelter at Husnes, Norway.
Feb 5, 2009
Further production curtailment could be initiated shortly at Hydro’s primary aluminium plant in Neuss, Germany. The plant, with a production capacity of 230,000 tonnes, could be mothballed if the competitive situation does not improve significantly.
Feb 5, 2009
Kjetil Ebbesberg will take on the position as executive vice president for the new Metal Markets business area in Norwegian aluminium and energy company Norsk Hydro ASA, with responsibility for metal sales, recycling, remelting and trading.
Feb 3, 2009
Hydro is spending four days in Milano with thousands of building industry professionals, to highlight our strong position as a provider of aluminium solutions and as an integral partner in the creation of excellent places and spaces.
Feb 2, 2009
A 27-year-old Nepali national died in an accident at the Qatalum building site in Qatar early on February 1.
