October
Stock exchange announcement
Oct 27, 2009
Hydro had an underlying loss before financial items and tax of NOK 793 million in the third quarter, compared with a loss of NOK 618 million in the previous quarter, reflecting the frail global economy, low aluminium prices and a weakening US dollar. Downstream results continued to improve, supported by higher volumes and cost saving measures.
Oct 27, 2009
Norsk Hydro ASA has today entered into an agreement to divest its automotive structures business to Benteler Automobiltechnik GmbH, the automotive division of the large German industrial enterprise Benteler Group with headquarters in Paderborn, Germany. The agreement represents a solid, long-term industrial solution for Hydro`s automotive structures activities, and is in line with Hydro’s strategy to focus its extruded activities on profiles solutions and building systems.
Oct 22, 2009
Jan Arve Haugan, most recently head of Hydro’s international aluminium smelter portfolio, will become the new CEO of Qatalum in Qatar when Truls Gautesen steps down after four years in the project to build one of the world’s most cost-efficient aluminium plants.
Oct 21, 2009
Grete Faremo, who was named Minister of Defence in the Norwegian government on Tuesday, will resign from the Board of Directors of Norsk Hydro ASA with immediate effect.
Oct 16, 2009
Roland Scharf-Bergmann joins Hydro to lead and support its common activities in aluminium recycling, an area in which Hydro is evaluating further investments.
Oct 11, 2009
On Saturday, 24-year-old Fredrik Bomstad embarked on a journey from his native Norway for a six-month posting to the Qatalum project – the largest aluminium plant ever built in one phase. In fact, he will be helping with the final stages of getting the plant into production.
Oct 9, 2009
Hydro and several of Norway’s leading research organizations have agreed to collaborate with a Japanese university and technology institute in investigating some of the most demanding challenges related to aluminium alloys.
Oct 5, 2009
Qatar's deputy premier and minister of Energy and Industry, HE Abdullah Bin Hamad Al Attiyah, witnessed the progress of the Qatalum aluminium plant first-hand during a visit to the site on Sunday. Not only is the construction more than 90 percent complete, about 90 percent of the employees are now in place, preparing for the start-up of the plant.
Oct 2, 2009
Hydro has entered into a securities purchase agreement with U.S. solar energy company Ascent Solar Technologies, Inc. Hydro's investment in common stock of Ascent Solar will be USD 5 million.
