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In April, Hydro signed a MOU with Wave Aluminium to build a pilot plant for testing a pioneering and disruptive industrial technology, successfully developed in batch testing scale, for converting residue from alumina refining to recoverable and saleable minerals. Hydro Sunndal will continue to be a leading producer of Hydro REDUXA low-carbon aluminium to the automotive and building & construction segments. . On April 29, 2022, Hydro announced a tender offer for the acquisition of 100 percent of the shares of Alumetal S.A, a company listed on the Warsaw Stock Exchange, for PLN 68.4 per share in cash (the offer price), representing an aggregate equity purchase price of approximately PLN 1.066 billion (approx. If a specific permit or certification needed to be found, a Hydro employee would have to comb through all the paperwork. Our main values at Hydro are Care, Courage, and Collaboration, said Nuijten. Hydro will have the first commercial volumes of near-zero carbon products (defined as less than 0.5kg CO2 per kg aluminium) available in 2022 based on using 100% complex post-consumer scrap. In April, Hydro, Elkem and Altor announced a partnership to accelerate the growth of Vianode, a Norwegian producer of sustainable battery materials. "We are looking at potential locations where we both have operations and we have potential to use hydrogen in our existing facilities," Per Christian Eriksen, head of Hydro Havrand, told Reuters. At Hydro, careful consideration, discussion, and consultation are equally crucial to designing solutions as the development process or tool. The Albras primary aluminium plant has signed a power purchase agreement with the Boa Sorte solar power plant for annual supply of about 93 MW power in the period 2025-2044, denominated in USD. Hydro will have 30 percent ownership in Vianode. Your files are encrypted with the strongest military algorithms. - Continued tight markets across aluminium value chain, - Record results upstream and in Hydro Energy for Q4, - 2021 improvement program target exceeded by 25%, - 2025 strategy execution progressing as planned, - 80% cash dividend payment on strong financials. The information was submitted for publication from Hydro Investor Relations and the contact persons set out above. Press releases, photos, stories, facts and figures you will find everything you need here. Norsk Hydro hiring Customer Relationship Associate in Baltimore Norsk Hydro ASA Stock Quote (Norway: Oslo) - MarketWatch Our businesses in energy. The plant is one of the most technologically advanced battery recycling plants globally and the largest facility in Europe. Our Standards: The Thomson Reuters Trust Principles. Instead, they opted to restore their data through trusted back-up servers. Norsk Hydro : Hydro investing in the green transition and Norwegian aluminium plants December 29, 2022 at 03:13 am The investments at the Norwegian primary aluminium plants will help Hydro take a leading role in climate efficient aluminium solutions through continued industrial development and initiatives driving the green transition. In 2022, volumes for Hydro CIRCAL are expected to increase 25% compared to 2021. The updated capex guidance for 2022 is . Total investments are estimated to USD 320 million (100% basis) and Hydro Rein will have a 33.3% ownership in the joint venture. If thats not the case, then we have our Center of Excellence, the Mendix projects team, take a look. May 03, 2022 01:00 ET | Source: Norsk Hydro Hydro's adjusted EBITDA for the first quarter of 2022 was NOK 11,165 million, up from NOK 5,182 million for the same quarter last year, resulting. Hydro Energy. Choosing not to pay the ransom and digging in with DART to evict the attacker is great. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Slovalco will earn about 1.6 billion krone . The company responded with transparency Written by Bill Briggs Published December 16, 2019 The bedside phone rang at 4 a.m. in Oslo, Norway. This is in line with our ambition of delivering new volumes of renewable energy and hydrogen to drive down embedded emissions in our own production, and helping other industries decarbonize, too," says Aasheim. A two-week fundraising campaign initiated by Hydros unions in support of UNICEFs activities helping families and children in Ukraine raised NOK 1 million. Hydro has made important progress on the 2025 strategy during the start of 2022, both strengthening position in low-carbon aluminium and growing in new energy areas. Shell and Hydro will spend the coming nine months exploring the opportunities for collaboration, said Arvid Moss, head of Hydro's Energy unit. The pre-dawn call filled Torstein Gimnes Are with a drowsy sense of dread. Secondly, its the concern for the environment and ensuring we dont have any uncontrolled emissions (due to sudden machine stoppages) out to the air, land or water.. During the first quarter, various key markets have reported their highest inflation rates for the past 20 years. See here for a complete list of exchanges and delays. We operate heavy machinery. Norsk Hydro plans IPO of Rein renewables unit this year Strong winds severely disrupted air and rail traffic in the Netherlands and authorities urged people to stay indoors after storm Poly hit the Dutch coast early on Wednesday with wind gusts of up to 120 kilometres (75 miles) per hour. See here for a complete list of exchanges and delays. Reference is made to the stock exchange notice by Norsk Hydro ASA ("Hydro") on May 10, 2023 regarding inter alia the resolution by the annual general meeting of a share capital reduction by cancellation of own shares and by redemption and cancellation of shares held by the Norwegian state.The share capital reduction has now been registered with the Norwegian Register of Business Enterprises . Dedicated efforts by Hydros 31,000 employees the past years delivering on our improvement program have also continued into Q1. The price was volatile, with a price range between USD 2,808 per mt and USD 3,849 per mt, as the Russian invasion of Ukraine increased the fear of sanctions on Russian producers and significant disruptions to metal flows. Adjusted net debt increased from NOK 7.0 billion to NOK 7.7 billion, largely driven by an increase in collateral requirements, partly offset by an improvement in the net cash position and a decrease in pension obligations. Bloomberg Daybreak Europe, anchored live from London, tracks breaking news in Europe and around the world. The bedside phone rang at 4 a.m. in Oslo, Norway. This was a company crisis, recalls Gimnes Are. Norsk Hydro Hydro investedUSD 20 million and will have a minority ownership position. You will need to rebuild your infrastructure to be safe and be sure that the attacker is not still part of it, he adds. The Russian invasion of Ukraine has resulted in energy prices continuing at elevated levels in European markets, supported by increased fears of disruption to gas flows. It operates through five segments: Hydro Bauxite and Alumina, Hydro Aluminium Metal, Hydro Extrusions, Hydro Energy, and Hydro Metal Markets. That only deepened when he heard the first words from the other end. It is pretty impressive and impactful for the business, he added. Hydro condemns the Russian invasion of Ukraine and supports sanctions by the European Union and the international community. With a growing global footprint, they have faced challenges felt by almost every manufacturing enterprise on their path to digitalization: After an evaluation, Hydro looked to low-code to help consolidate, improve, and replace legacy or shadow applications, analog workflows, and longstanding inefficiencies. Norsk Hydro : Hydro invests NOK 63 million in recycling in rdal Total recycling capacity for the plant is 120,000 metric tons per year. The Company provides automotive and transport products, building systems, casthouse products, extruded products . Trond Ingelsrudya peers from a control room at a Norsk Hydro extrusion plant. Norsk Hydro ASA. The shares in Norsk Hydro ASA will be traded ex-dividend of NOK 5.65 as from today, May 11, 2023. Norsk Hydro : Hydro and DNV GL launch blockchain for greener metals The case remains under investigation, Molland says. | Source: The introduction of post-consumer scrap in the production process of primary aluminium improves its climate performance . A friendly work environment of knowledgeable professionals. European VC firms Amadeus and Apex partner for 80m early-stage 'deep tech' fund. Hydro will now proceed with the purchase . The Company provides automotive and transport products, building systems, casthouse products, extruded products, rolled products, and wire rod. Factors that could cause these differences include, but are not limited to: our continued ability to reposition and restructure our upstream and downstream businesses; changes in availability and cost of energy and raw materials; global supply and demand for aluminium and aluminium products; world economic growth, including rates of inflation and industrial production; changes in the relative value of currencies and the value of commodity contracts; trends in Hydro's key markets and competition; andlegislative, regulatory and political factors. Net cash used in investment activities, excluding short-term investments, amounted to NOK 1.2 billion. Independence from Russian gas is expected to strengthen EU demand for renewable energy and hydrogen, supporting Hydros ambition to grow in new energy. With an additional donation from Hydro, the total amount raised was NOK 10 million. It has cut output in Europe by 100,000 tonnes, including permanently closing production at its Slovalco plant in Slovakia in September. - Tight markets with strong prices and high volatility- Record results in Aluminium Metal, Energy and Extrusions- Strong growth in volumes of greener products, first near-zero aluminium produced in Clervaux- Significant growth in recycling- Hydro Rein growing portfolio beyond 1 GW. All rights reserved. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. In addition to the factors described above, Net income from continuing operations included a net foreign exchange gain of NOK 2,379 million, a NOK 1,418 million unrealized gain on power and raw material contracts and a NOK 4,448 million unrealized loss on LME related contracts. Norsk Hydro's Jo De Vliegher says "it's a very bad idea to pay" Researchers at cyber-security company Malwarebytes say that compared to the same time last year, business detections of ransomware . The extrusion plants have also offered temporary accommodations for the families arriving in Poland, and employees are volunteering to support the many who are fleeing Ukraine. Hydro is delivering both strong financial results and good progress on our strategic objectives of strengthening our position in low-carbon aluminium and growing in new energy. Hydro continues to build its battery portfolio through industrial partnerships. "Our customers are becoming increasingly focused on the actual footprint of the products they use and are asking for more low-carbon aluminium. Rick Dugan - Customer Program Manager - Norsk Hydro | LinkedIn The sale was completed in early February 2022. Hydro temporarily halted production at several plants in its extruded solutions divisions in Europe and the U.S. after the attack. Also, rising gas and power prices have led to an increase in production costs in Europe, followed by several smelter curtailments. The global economy has rebounded to pre-crisis levels; however, the pace of growth slowed in the fourth quarter amid the emergence of the Omicron variant, continued global supply-chain shortages, high energy prices, and concerns about inflation.

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