News archive
Here is a listing of news articles published after October 1, 2007, when Hydro was established as a focused aluminium company. Older news articles, among them articles about business activities that have been sold or demerged, can be found in the historic news archive.
Stock exchange announcement
July 30, 2010
Hydro has signed an agreement to acquire the remaining 15.1 percent of the Formosa Alloy Materials Company (Famco). The Taiwan aluminium remelt plant consequently becomes a fully owned subsidiary of Hydro.
July 27, 2010
Hydro had underlying earnings before financial items and tax of NOK 1,110 million in the second quarter, rising from NOK 688 million in the first quarter. Higher realized aluminium prices, continued improvements in alumina operations and higher downstream sales lifted underlying results for the quarter.
July 26, 2010
Hydro’s work for contact with investors and analysts has been so good that it has won three prestigious awards.
July 16, 2010
Reference is made to the stock exchange notice published by Norsk Hydro ASA (Hydro) on July 13, 2010. The share capital increase related to the rights issue resolved by the Extraordinary General Meeting of Hydro on June 21, 2010, has now been registered with the Norwegian Register of Business Enterprises and the rights issue has hence been completed.
July 13, 2010
With reference to the final result of the rights issue in Norsk Hydro ASA announced earlier today, the following primary insiders have been allocated shares at a subscription price of NOK 26.30 in accordance with the procedures and on the terms set out in the prospectus dated June 21, 2010.
July 13, 2010
Norsk Hydro ASA’s (Hydro) Board of Directors has today approved the final allocation of the shares offered in the rights issue based on the allocation criteria set out in the prospectus dated June 21, 2010.
July 13, 2010
When the British road access system manufacturer Eve approached Hydro about wanting to reduce its carbon footprint, the British company was expecting strong technical support. They received creativity, too - along with all the benefits of aluminium.
July 9, 2010
The subscription period in Norsk Hydro ASA's (Hydro) rights issue expired at 17:30 (Oslo time) on July 9, 2010.
July 9, 2010
Aluminium can stand up to the toughest maritime weather nature can throw at it.
July 6, 2010
In relation to the ongoing subscription period in the Hydro rights issue Norsk Hydro Employee Trust Ltd, an independent trust established for a stock option purchase program for Hydro’s employees in the United Kingdom, has been allocated 124,117 subscription rights based on its shareholding in Hydro.
July 6, 2010
Aluminium extrusions from Hydro were chosen for a sea defence railing on the popular seafront in Blackpool in the U.K.
July 6, 2010
In relation to the ongoing subscription period in the Hydro rights issue the following additional primary insider transactions have taken place after June 25, 2010.
June 28, 2010
In relation to the ongoing subscription period in the Hydro rights issue, the list below gives an overview of purchases and sales of subscription rights and subscriptions for Hydro shares carried out by primary insiders in Hydro and the primary insiders' related parties on June 25, 2010.
June 25, 2010
Norsk Hydro ASA (Hydro) has today published the prospectus in connection with its fully underwritten rights issue, the terms and conditions for which where were announced on June 21, 2010. The prospectus has been reviewed and approved by the Financial Supervisory Authority of Norway.
June 22, 2010
The aluminium industry can be CO2 positive in a decade’s time. Reduced emissions from recycling, as well as the use of aluminium in automotive, buildings and in solar energy, will more than offset CO2 emissions from primary aluminium production.
June 21, 2010
An Extraordinary General Meeting of the shareholders of Norsk Hydro ASA (Hydro) was held today, June 21, 2010, at 09:00 (Oslo time). 743,851,737 shares were represented at the meeting, corresponding to 61.6 percent of the share capital.
June 21, 2010
The Board of Directors of Norsk Hydro ASA has set the proposed terms of its underwritten rights issue originally announced on May 2, 2010.
June 21, 2010
An Extraordinary General Meeting in Hydro is being held on Monday morning June 21, 2010. If you cannot attend in person, you can follow a webcast of the proceedings on the internet.
June 11, 2010
Hydro's building systems business is among the winners of the 'Intersolar Awards 2010' for an innovative aluminium-based façade with an integrated solar energy solution.
June 11, 2010
The CRU World Aluminium Conference in Oslo on June 22-23 will ponder hot topics facing the aluminium industry.
June 8, 2010
HySelect, the world's first selectively coil-coated aluminium sheet for solar thermal energy, is one of Hydro's many rolled and extruded aluminium solutions for solar technology on display at the Intersolar trade fair in Munich, Germany, on June 9-11.
June 2, 2010
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May 28, 2010
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May 27, 2010
One of Hydro's research and development projects in the area of aluminium building systems has been nominated for Intersolar Award 2010 in "solar thermal technology."
May 26, 2010
Hydro will build Norway’s largest plant for aluminium recycling at Karmøy.
May 25, 2010
Hydro is planning the first groundbreaking for the Holsbru project this fall. In addition, the company has delivered a concession application for two hydropower projects in Sogn. Altogether, the three projects will increase Hydro’s power production by about 300 GWh.
May 18, 2010
Hydro's President and CEO Svein Richard Brandtzæg has been elected chairperson of International Aluminium Institute (IAI), the global aluminium industry association.
May 7, 2010
The Corporate Assembly in Norsk Hydro ASA on Friday approved two new members of the company’s Board of Directors, Liv Monica Bargem Stubholt and Eva Persson.
May 4, 2010
The Annual General Meeting of Norsk Hydro ASA today adopted all the items as proposed on the agenda, including the proposal to distribute a dividend of NOK 0.50 per share. The dividend will be paid on May 18, 2010 to ordinary shareholders listed in the Norwegian Central Securities Depository as of May 7. The share will be traded ex-dividend from May 5.
May 4, 2010
A closely related party to Executive Vice President Johnny Undeli has on May 4, 2010 purchased 1,000 shares in Hydro at NOK 45.35. Jonny Undeli's new holding, including relatives, is 1,980.
May 3, 2010
This year's annual general meeting in Norsk Hydro ASA is being held on Tuesday afternoon, May 4. If you cannot attend in person, you can follow a webcast of the proceedings on the internet.
May 2, 2010
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April 27, 2010
Hydro had an underlying result before financial items and tax of NOK 688 million in the first quarter 2010, improving significantly from a loss of NOK 651 million in the fourth quarter of 2009, reflecting increased aluminium prices, reduced costs and higher volumes in a seasonally stronger quarter.
April 23, 2010
Norsk Hydro ASA`s employees have purchased shares under a general arrangement offered to the employees of Norsk Hydro ASA each year.
April 22, 2010
Wicona, one of Hydro's global aluminium building systems brands, has launched Wicona Finder, a new internet platform that offers unique possibilities for architects, planners and metal builders.
April 21, 2010
Hydro's internally enhanced aluminium tubing shows performance equal to helical enhanced copper tube, but with less cost, in the heat exchanger units traditionally used within the HVAC&R industry.
April 14, 2010
Hydro is coming closer to the building industry in Qatar with aluminium systems and services that support the nation's ambition to take leadership in the Arabian Gulf in energy-efficient commercial and residential buildings.
April 12, 2010
Political leaders from Qatar and Norway painted a positive picture for the aluminium industry when they spoke at the spectacular opening of Qatalum in Mesaieed on Monday.
April 12, 2010
Hydro is setting up a regional office in Doha, Qatar, for marketing Hydro's metal products in the Middle East, the Gulf states and Southern Africa. The office will be a part of Hydro's business area Metal Markets and its Asian Regional Organization, based in Singapore.
April 12, 2010
The official opening ceremony of Qatalum not only represents a monumental milestone for Hydro, but also the arrival of a top contender in the world of aluminium, President and CEO Svein Richard Brandtzæg said during the hectic program of festivities, seminars, site visits and business meetings to mark the start of one of the biggest and most efficient smelters in the industry.
April 12, 2010
Hydro is making its mark at the Metef aluminium trade fair at the Garda Exhibition Centre in Brescia, Italy, from April 14 to 17.
April 9, 2010
The Qatalum aluminium plant, once a dream in the desert of Qatar, is about to become a reality – with a royal inauguration.
March 26, 2010
Primary insiders in Norsk Hydro ASA have subscribed for shares under a general arrangement offered to the employees of Hydro each year. All employees in Norway are being offered to purchase shares valued at NOK 10,000 with a 50 percent discount. The offer consists of 486 shares at NOK 20.57 per share.
March 26, 2010
Notice is hereby given that the Annual General Meeting of Norsk Hydro ASA will be held at the company's head office at Vækerø, Drammensveien 260, 0283 Oslo on Tuesday, 4 May 2010 at 5 p.m.
March 26, 2010
Hydro has been fined GBP 100,000 (NOK 0.9 million) in connection with the death of a worker at the company's aluminium extrusion plant in Birtley, in the United Kingdom. The worker, Jens Hinrichs, was fatally injured in an accident on November 2, 2006.
March 25, 2010
Hydro will increase prices for converting uncoated rolled aluminium products from its General Engineering Product Group (GE) by 75 Euro per tonne, effective July 2010. To make prices more transparent, GE customers can also request a separate calculation of the fluctuating metal premium as of Q3 this year.
March 22, 2010
Hydro is going to present many of its innovative aluminium tubing products to HVAC&R industry visitors at the Mostra Convegno Expocomfort in Milan. The week-long exhibition kicks off on March 23.
March 19, 2010
“We entered last year in a state of deep pessimism - but left it with a sense of sober optimism. The bottom is probably behind us. And while the crisis is temporary, the measures we have implemented to meet the crisis are providing lasting improvements,” Hydro President and CEO Svein Richard Brandtzæg says in the company’s annual reporting, published on Hydro’s internet site www.hydro.com on Friday.
March 16, 2010
Wenche Agerup has been appointed executive vice president and head of Corporate Staffs in Hydro.
March 1, 2010
Hydro has discontinued production and closed the doors at its aluminium tubing plant in Michigan, winding up the closure process that started last year and ending 70 years of manufacturing operations at the Adrian site.
Feb 17, 2010
Hydro had an underlying loss before financial items and tax of NOK 651 million in the fourth quarter of 2009, compared with a loss of NOK 793 million in the previous quarter, firming slightly on higher realized aluminium prices. Hydro reached a major milestone in December with the start-up of the first cell at Qatalum, and production from all 704 cells at the world-leading aluminium plant in Qatar is expected by fourth quarter 2010.
Feb 11, 2010
From Monday, February 15, Hydro will have a new telephone number for the company's press officer on duty: +47 22 53 82 10.
Feb 10, 2010
Hydro and the Belgian company Umicore have decided to put the research and development activities in the joint venture HyCore on hold.
Jan 27, 2010
Hydro has signed an agreement to increase its ownership stake in Famco from currently 45 percent to a controlling majority stake.
Jan 25, 2010
SKA Invest, a Norwegian investment company, has entered into an agreement to buy Hydro Trans, which has activities in Norway, Finland and Denmark.
Jan 21, 2010
Production at Hydro’s power station Suldal 1 in western Norway has resumed after a long break from renovation of the water supply system at the station.
Jan 12, 2010
After having already reduced direct emissions from primary production by 70 percent since 1990 – equal to a staggering three tonnes CO2-equivalents per tonne metal produced – Hydro aims to curb emissions even further and take global lead in the aluminium industry within the global fight against climate change.
Jan 11, 2010
The sale of Hydro's rolled products plant Inasa in Irurtzun, Spain, was finalized December 31, 2009.
Jan 4, 2010
The sale of Hydro's Automotive Structures business to the Germany-based Benteler Group has been finalized. The unit's 1,200 employees joined Benteler on January 1.
Dec 29, 2009
Self-sufficient with water and energy, thanks partly to Hydro's Wicona-brand aluminium building systems, the new Monte Rosa Hut is accepting guest reservations for its first winter in the Swiss Alps.
Dec 28, 2009
Hydro’s expanding research and development presence in Qatar will help push aluminium in the Middle East.
Dec 21, 2009
December 20 – the first cell in Qatalum started production of primary aluminium.
Dec 18, 2009
The Tornado Tower in Doha, Qatar, which features aluminium building systems from Hydro's brand Wicona, has won a major international architectural award,
Dec 18, 2009
Hydro's extrusion plant in Austria has won one of the top prizes in the European Aluminium Association's safety solution competition.
Dec 11, 2009
Hydro has had a cooperation agreement with Amnesty International Norway since 2002. Amnesty representatives recently met with President and CEO Svein Richard Brandtzæg, who renewed the agreement.
Dec 2, 2009
Hydro has entered into an agreement to divest its aluminium rolling mill in Irurtzun, Spain, to the German industrial holding company Bavaria Industriekapital AG.
Dec 2, 2009
Hydro is intensifying efforts to improve its competitive position by launching new cost-reduction measures, following a year of demanding markets and decisive corrective actions. Hydro’s improvement efforts have resulted in positive downstream earnings, while upstream activities remain challenged by the weak aluminium market and a strong Norwegian krone.
Nov 30, 2009
Hydro has concluded the sale of the assets and technology of its aluminium extrusion diemaking unit in Michigan to WEFA Group, which will take over the operations from December 1.
Nov 17, 2009
Hydro's Wicona brand is going to deliver energy-saving aluminium building systems for Spiegel Group's new headquarters in Hamburg. This is a prestigious project that will change the look of the city and its harbor area.
Nov 12, 2009
Hydro, Europe's leading aluminium company, today opened a new 50,000-tonne remelting facility at the Alunorf plant in Neuss, Germany. This brings Hydro's total recycling capacity in Germany to 150,000 tonnes of high-quality aluminium and helps to reduce carbon emissions.
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.
Sep 28, 2009
Most elements forming Qatalum, the large aluminium plant being constructed in Qatar, are now in place.
Sep 25, 2009
Saving water is a big deal at the Qatalum Village in Qatar. The Qatalum aluminium project is using the most advanced water management practices, reflecting its commitment to the environment. And the initiatives have yielded considerable cost savings.
Sep 24, 2009
Hydro executive Birgitte Holter saved tonnes of climate emissions with a “low-CO2 presentation” to a sustainable building conference in Norway this week.
Sep 17, 2009
Hydro was once more honored for its annual report with Norway’s traditional and prestigious “Farmand Prize.” Hydro won the prize Thursday for the third year running in the class for printed reports from listed companies.
Sep 16, 2009
Most of the world's leading automobile manufacturers are unveiling their newest models at the International Motor Show 2009 in Frankfurt. Hydro is right in front, delivering lightweight aluminium components and systems to many of these models.
Sep 11, 2009
A large-scale solar energy farm that uses aluminium structures from Hydro is featured in the September issue of National Geographic magazine.
Sep 10, 2009
For the fourth time, Hydro has claimed the prestigious Stockman Prize from the Norwegian Society of Financial Analysts. The annual prize is awarded to stocklisted companies that have provided the best information to the financial markets and produced the best annual report.
Sep 9, 2009
Hydro has issued a white paper examining aluminium’s emerging role in the solar energy area, especially the use of aluminium extrusions in concentrated solar power structures, marketed by the company's Extrusion Americas sector.
Sep 7, 2009
Technal, one of Hydro’s building systems brands, is supplying aluminium glazing solutions for an £80m project in Leeds, U.K. that is the world’s tallest student accommodation building.
Sep 7, 2009
Hydro is celebrating the 50th anniversary of the Skagen hydropower station at Fortun, Norway, which was central to the expansion of aluminium production at Årdal in the early 1960s.
Sep 4, 2009
Hydro scores highest among aluminium companies in this year’s Dow Jones Sustainability Indexes (DJSI) ranking – for the fourth year in a row.
Sep 3, 2009
Tickets to 'The Great, Green Building Debate' in Trondheim Wednesday were as popular as a big-name rock concert. Hydro’s president and CEO, Svein Richard Brandtzæg talked about energy use in buildings to en enthralled group of students from the Norwegian University of Science and Technology (NTNU).
Sep 1, 2009
Hydro has been asked to deliver the front crash management systems for one of Audi's future high-volume models, underlining the company's position as the leading global supplier of lightweight crash management components.
Aug 31, 2009
After a hard day’s work building one of the world’s biggest aluminium plants, employees in the Qatalum construction village in Qatar can enjoy some of the best hi-tech entertainment available.
Aug 10, 2009
Norsk Hydro ASA has issued a NOK 1 billion commercial paper with maturity February 15, 2010, coupon 2.37%, replacing the commercial paper NO0010491194 maturing on August 13, 2009.
Aug 3, 2009
Hydro's Domal brand will serve as an exclusive supplier of aluminium building systems for one of the projects to reconstruct L'Aquila, the medieval Italian city that was leveled in April from one of the deadliest earthquakes in its history.
July 30, 2009
Bohn Mexico, one of the best-known suppliers of refrigeration components in North America, has elected to replace its copper tubes with aluminium tubing from Hydro. The substitution of materials will affect about one-third of Bohn's production of evaporators in the heating, ventilation, air-conditioning and refrigeration market.
July 28, 2009
Hydro in North America has signed an agreement with Florida Power & Light (FPL) to supply custom aluminium extrusions for the first hybrid solar/fossil fuel energy-generating facility in the world.
July 22, 2009
Hydro had an underlying loss before financial items of NOK 618 million in the second quarter, compared with a NOK 493 million loss in the first quarter, as the weak global economy continued to weigh on historically low aluminium markets. Results in downstream operations improved due to seasonally stronger demand and swift adjustments made early in the downturn.
July 21, 2009
Hydro's second quarter results 2009 will be released at 07:30 CET (01:30 AM EST, 06:30 UK time), on Wednesday July 22, 2009. The quarterly report and presentation slides will be made available on the company's website at the same time.
