Hydro Aluminium |
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Hydro has agreed to sell its remaining shareholding of 19.5 % in Pronova Biocare AS to PB Holding AS, a company controlled by the Ferd Private Equity Fund.
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15 April 2005 |
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Hydro Polymers, the petrochemical sector of Hydro, is planning a NOK 700 million (EUR 85 million) conversion of its existing diaphragm chlorine plant at Rafnes, Norway, to membrane technology.
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04 February 2005 |
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'Few 99-year-olds are more fit and better prepared to meet the future than Hydro,' says President and CEO Eivind Reiten in connection with the company’s annual Capital Markets Day. 'In the course of a few years Hydro has doubled its oil and gas production, achieving the same in Aluminium. And today we are presenting new, ambitious targets for the company.' |
15 December 2004 |
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Hydro will write down the book value of its German primary aluminium plants by approximately NOK 1.5 billion after tax due to weakened competitiveness caused by the strengthened EUR versus USD, and increasing energy costs. The write-down will be charged to the fourth quarter results this year, and will have no cash effect. |
14 December 2004 |
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A Heads of Agreement between Qatar Petroleum and Hydro was signed in Doha today by HE Abdullah Bin Hamad Al-Attiyah, Second Deputy Premier, Minister of Energy and Industry, Chairman of the Board of Directors and Managing Director of Qatar Petroleum and Hydro’s President and CEO, Eivind Reiten. |
05 December 2004 |
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Norsk Hydro ASA today arranged an extraordinary General Meeting. The General Meeting approved a capital reduction equivalent to around 2 percent of the share capital. The capital reduction is part of Hydro's buyback program which was approved by the Annual General Meeting on May 11, 2004. The General Meeting also approved a new buyback program. |
01 December 2004 |
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On November 3, 2004, Norsk Hydro ASA announced a tender offer to purchase for cash certain of its outstanding bonds in USD, EUR and GBP, and the results from the USD tender offer were announced on November 15. |
19 November 2004 |
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On Monday 15 November, Hydro and its partners in the Njord license submit a plan for development and operation (PDO) for gas export from the Njord field to the Ministry of Petroleum and Energy.
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15 November 2004 |
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Hydro today awarded Reinertsen Anlegg AS the contract for building the administration complex of the Ormen Lange gas processing plant under construction in Nyhamna in Mid-Norway. The contract value is approximately NOK 130 million. |
13 October 2004 |
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Hydro on behalf of the Ormen Lange license group has awarded Vetco Aibel AS (former ABB Offshore Systems AS) a contract for part of the Ormen Lange gas terminal at Nyhamna in northwest Norway. The contract value is approximately NOK 600 million. |
01 October 2004 |
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Statkraft SF and Norsk Hydro ASA, the owners of Naturkraft AS, have agreed to proceed and realize their plans to build a gas-fired power plant at Kårstø. |
22 September 2004 |
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Hydro has on behalf of the Ormen Lange license partners signed a Letter of Intent with Aker Stord AS for the construction and installation of the main part of the land-based facility at Nyhamna in Aukra municipality in northwestern Norway. The contract is worth some NOK 4.3 billion. |
03 September 2004 |
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As a continuation of the company's short- and long-term incentive systems, Hydro's Board has agreed to allocate options to around 35 persons in Hydro's top management. |
02 September 2004 |
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Hydro on behalf of the Ormen Lange license group has awarded Vetco Aibel AS (former ABB Offshore Systems AS) a contract for part of the Ormen Lange gas terminal at Nyhamna in northwest Norway. The contract value is approximately NOK 550 million. |
02 September 2004 |
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The Ormen Lange and Langeled partnerships have awarded pipe freight contracts with a combined value of NOK 285 million to Olympic Shipping, District Offshore, Solstad Shipping and Havila Shipping.
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06 August 2004 |
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Hydro’s Board of Directors has decided to make some changes to the conditions of employment for the President and CEO, in line with good corporate governance practice.
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23 July 2004 |
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Hydro will upgrade its aluminium rolling mill in Slim, Italy, to meet customer demand for high quality products. The investment will strengthen Hydro Aluminium in Southern Europe and the company’s position as the leading supplier of aluminium rolled products in Europe. |
16 July 2004 |
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Hydro on behalf of the Ormen Lange license group today awarded Nexans the umbilical system contract worth about NOK 400 million, and Subsea 7 the contract for installation valued at NOK 150 million. |
09 July 2004 |
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Ten households in the small island community of Utsira, west of Haugesund in Norway will become independent of electricity from the mainland this summer. |
01 July 2004 |
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Hydro today awarded Aker Kvaerner the first large Ormen Lange gas terminal contract on behalf of the Ormen Lange license group. The contract value is approximately NOK 2 billion. |
01 July 2004 |
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Norsk Hydro ASA has concluded the dialogue with the U.S. Securities and Exchange Commission’s Division of Corporation Finance (SEC) regarding Hydro’s estimate of the “proved undeveloped reserves” for the Ormen Lange gas field. |
29 June 2004 |
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Hydro has entered into an agreement to sell its German based alumina business. This consists of a 50 per cent share in Aluminium Oxid Stade GmbH (AOS), the related chemical grade alumina business and the dedicated bauxite supply source represented by Hydro's 10 per cent share in Halco (Mining) Inc. |
28 June 2004 |
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To better serve the growing automotive markets, Norsk Hydro ASA has decided to construct a new aluminium precision tubing plant in Mexico.The new capacity will secure Hydro’s position as the global market leader in aluminium precision tubing for the automotive industry. |
22 June 2004 |
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The Board of Directors in Hydro Aluminium Motorcast Ltd. in Leeds in UK ( HA Motorcast)has made a final decision to go ahead with the closing of the plant, affecting 580 employees.
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18 June 2004 |
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Alexey Miller, the top executive of the Russian oil company Gazprom indicated in a meeting with Hydro's President and CEO, Eivind Reiten, on Thursday that Hydro could be one of the most important partners in the Shtokman gas field, situated on the Russian side of the Barents Sea. |
04 June 2004 |
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Hydro has today decided to exercise its right to acquire a 65 per cent interest in the Jamaican alumina refinery Alpart and sell this interest on to Switzerland based Glencore AG in a deal that will enhance value creation through improved operations and cost synergies. |
25 May 2004 |
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The Corporate Assembly of Norsk Hydro ASA today approved the proposed restructuring programme for the company's aluminium plants in Norway, to ensure continued profitable operations.
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13 May 2004 |
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Hydro is preparing an extensive restructuring programme for its Norwegian aluminium plants to ensure continued profitable operations. Annual operating costs will be reduced by NOK 350 - 400 million, with production remaining at the present level. Estimates show that this may involve a reduction of up to 800 man-years. |
07 May 2004 |
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Leading aluminium companies Hydro and RUSAL announced today that testing operations at the newly upgraded casthouse at Sayanogorsk have been conducted successfully. The plant will now be able to increase the production of high-quality extrusion ingot on the basis of the new technology. |
31 March 2004 |
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Yara International ASA, Hydro’s demerged fertilizer business, will be listed on the Oslo Stock Exchange today (ticker: YAR). Following the Yara listing, Hydro will concentrate fully on further developing its energy and aluminium businesses.
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25 March 2004 |
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Yara International ASA, Hydro’s demerged fertilizer business, will be listed on the Oslo Stock Exchange today. |
25 March 2004 |
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At the end of the offering period, Wednesday 24 March 2004 at 1600 CET, the Managers had registered orders with a total value of approximately NOK 48 billion. This implies an oversubscription of the total maximum number of shares by approximately 18 times. |
24 March 2004 |
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Assuming the successful consummation of the demerger later today, Wednesday 24 March 2004 is the last day the shares of Norsk Hydro ASA will be trading inclusive right to shares in Yara International ASA. |
24 March 2004 |
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Today, the demerger of Norsk Hydro ASA has been accomplished and registered in the Register of Business Enterprises according to the demerger plan approved by the extraordinary general meetings of Norsk Hydro ASA and Yara International ASA on 15 January 2004. |
24 March 2004 |
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Hydro has today, on behalf of the Ormen Lange license group, awarded Skanska the NOK 1 billion Main Civil Contract for the site preparation of the gas processing plant at Nyhamna in Mid-Norway.
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19 March 2004 |
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The Ormen Lange license group has today awarded Smedvig a contract valued at NOK 1.17 billion (USD 167 million) for drilling of 8 wells at the Ormen Lange field.
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16 March 2004 |
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The Corporate Assembly of Norsk Hydro ASA has elected Jan Reinås as new Chairperson of the Board of Directors. |
16 March 2004 |
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The demerger of Hydro's Agri business in a new company, Yara, will take place later this month. Yara International ASA is expected to be listed on the Oslo Stock Exchange on 25th March. |
09 March 2004 |
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Norsk Hydro ASA announces its intention, subject to market conditions, to proceed with the sale of its holding in Yara International ASA (“Yara”), previously known as Hydro Agri. The shares to be sold by Hydro in the offering will amount to a minimum of 10% of Yara's outstanding shares, and up to its entire holding of 20% of Yara's outstanding shares. |
16 February 2004 |
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Hydro's Board today decided to apply for delisting from the Swedish stock exchange Stockholmsbörsen.
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13 February 2004 |
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Yara International ASA (formerly Hydro Agri) has mandated Citigroup, Commerzbank Securities, DnB NOR Bank ASA, JPMorgan, Nordea and SG Corporate and Investment Banking as Underwriters and Mandated Lead Arrangers (the Underwriters) on a US$ 1.5 billion financing package for Yara to support its demerger from Norsk Hydro ASA. |
03 February 2004 |
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Hydro has entered into an agreement to sell its 10 percent stake in production licences PL064, PL077, PL078, PL097, PL099, PL100 and PL110 in the Norwegian offshore sector, including the Snøhvit gas field development. The buyer is Statoil ASA. |
22 January 2004 |
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An extraordinary General Meeting of Norsk Hydro ASA today approved the Demerger Plan for the separation of the business area Agri as a listed company named Yara International ASA.
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15 January 2004 |
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From January 2005 the most modern helicopters available will be used for passenger transport to and from Hydro’s North Sea platforms. |
13 January 2004 |
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Norsk Hydro ASA will arrange an Extraordinary General Meeting on 15 January 2004. On the agenda is the demerger of Norsk Hydro ASA, where Hydro's Board proposes that the business area Agri is established as a separately listed company named Yara International ASA. |
09 January 2004 |
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Norsk Hydro has entered into an agreement with the Norwegian industrial company Ferd concerning sale of 80.1% of the wholly owned subsidiary Pronova Biocare. |
23 December 2003 |
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The Ormen Lange license group today awarded Van Oord ACZ AS a subsea rock installation contract for the years 2004 - 2007 valued at approximately NOK 700 million, including options.
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19 December 2003 |
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Hydro Agri will take the name Yara upon the demerger and stock exchange listing planned for March 25, 2004. At the same time Yara will keep the rights to the 'viking ship' for use in their new logo and marketing. |
19 December 2003 |
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The selection committee in Norsk Hydro gives a unanimous recommendation that the Corporate Assembly elects Jan Reinås as new chairperson of the board at its meeting on 16 March 2004. |
17 December 2003 |
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Norsk Hydro, the Norwegian energy, aluminium and chemicals group, and the German gas transportation and supply company, WINGAS GmbH, have decided to set up a joint venture for the marketing and sales of natural gas in the UK.
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11 December 2003 |
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Norsk Hydro presented its new logo at the annual Capital Markets Day today, a new symbol to reflect major changes in the company. |
11 December 2003 |
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For Hydro, the past year has been characterized by important strategic decisions and the sound development of the company's operations. Dedicated efforts to boost productivity and improve cost positions have produced good results, which mean that Hydro expects to meet its profitability targets for 2003. |
11 December 2003 |
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Hydro Aluminium will construct its first wholly owned automotive components plant in China to better serve customers in the country’s growing automotive market.
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10 December 2003 |
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Norsk Hydro – with unanimous participant support in the Ormen Lange license and the Langeled Joint Venture – has submitted the Plan for Development and Operation (PDO) for field development and the Plan for Installation and Operation (PIO) for the transport system to the Norwegian Ministry of Petroleum and Energy. |
04 December 2003 |
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The Board of Directors of Norsk Hydro ASA today decided to recommend to Hydro’s shareholders that Hydro demerge its fertilizer business. |
28 November 2003 |
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Norsk Hydro today awarded a contract to FMC Kongsberg Subsea AS for engineering, procurement, construction and testing of the subsea production system, as well as options for further equipment deliveries. The contract - awarded on behalf of the Ormen Lange license group - is valued at approximately NOK 1 billion, excluding options. |
25 November 2003 |
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The Ormen Lange license group today awarded pipeline installation contracts to Stolt Offshore AS and Allseas Marine Contractors S.A. – valued, respectively, at approximately NOK 2 billion and NOK 1.5 billion, including options.
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13 November 2003 |
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The Ormen Lange licence group today awarded steel contracts for the Ormen Lange pipelines to Europipe Gmbh, and Mitsui & Co Norway A.S. and Sumitomo - valued, respectively, at USD 434 million and USD 265 million. |
13 November 2003 |
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The Ormen Lange licence group has today awarded the contract for weight coating and anti corrosion coating of the Ormen Lange pipelines to Bredero Shaw Norway AS. |
03 November 2003 |
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Hydro Aluminium has entered into a long-term purchase agreement with the Slovenian aluminium producer Talum for foundry alloy casthouse products. Talum will supply Hydro with an average of 70,000 tonnes of foundry alloy products per year over the next seven years. |
09 October 2003 |
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Fram Vest field came on stream 2 October. The subsea installation will increase utilization of the production and transport installations on Troll C in the years to come.
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03 October 2003 |
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The Ormen Lange Licence participants are satisfied that an agreement on the treaty principles for the cross-boarder pipeline has been reached. |
02 October 2003 |
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Oil production from the Grane field started on 23 September. 'The Grane project shows what can be achieved when the operator, partners and contractors all pull together. We have spent about one and a half billion kroner less than budgeted and production started three weeks ahead of schedule,' says Torgeir Kydland, president of Hydro Operations and Production. |
23 September 2003 |
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Norsk Hydro has signed an agreement relating to the sale of the company’s 25 percent share in the Scanraff oil refinery at Lysekil in Sweden to the oil company Preem, which already owns the remaining 75 percent of the refinery. Scanraff is the largest refinery in the Nordic region, and one of the most modern in Europe, with an annual processing capacity of 10 million tonnes. |
18 September 2003 |
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The Centrica site at Easington in England has been selected as the location for a new reception facility to be constructed for the Ormen Lange Gas Pipeline.
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15 August 2003 |
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Hydro Pronova has entered into an agreement with a financial consortium consisting of the equity investors HealthCap and Investor Growth Capital, concerning the divestment of its Swedish subsidiary, Carmeda AB. |
24 July 2003 |
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Norsk Hydro is to take part in the second expansion of the Brazilian alumina refinery Alunorte. The board of directors of Alunorte has today approved a project to increase capacity by 1.8 million tonnes to 4.2 million tonnes. The expansion will further improve Hydro Aluminium’s alumina cost position. |
24 July 2003 |
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Norsk Hydro’s Board of Directors decided today to begin preparations for establishing Agri as a separate Norwegian-based company listed on the Oslo Stock Exchange. |
19 June 2003 |
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Comalco and Hydro Aluminium today signed one of the largest alumina supply contracts in the history of the aluminium industry. |
13 June 2003 |
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Oil and Energy Minister Einar Steensnæs officially opened today the Havøygavlen windmill park in Finnmark. The windpower plant, the world’s most northerly, has been in operation since October 2002 and will have an annual electrical power production of roughly 120 GWh. This is equivalent to the annual consumption of 5,000 to 6,000 Norwegian households. |
04 June 2003 |
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Norsk Hydro ASA, the Norwegian Oil and Energy, Aluminium and Agri group, has as of today completed the transaction to sell the former VAW Flexible Packaging business to Alcan Inc.
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30 April 2003 |
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Hydro has awarded maintenance and modification contracts for the 10 platforms it operates on the Norwegian continental shelf, as well as the Sture terminal, to ABB Offshore Systems and Aker Kværner. The contracts in total are worth some NOK 1.5 billion. |
29 April 2003 |
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Island’s minister of industry and commerce today opened the world’s first hydrogen refuelling station for cars and buses. The station, constructed using Norsk Hydro’s hydrogen technology, has been built at an existing commercial fuel retail site in Reykjavik. |
24 April 2003 |
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Alumina do Norte do Brasil S/A, Alunorte, will inaugurate on Friday, April 4, its third production line, which makes Alunorte the largest producer of alumina in South America. Hydro Aluminium has a 34 percent stake in Alunorte.
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04 April 2003 |
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Hydro, on behalf of the respective license groups, has awarded a contract to Prosafe Drilling Services AS for production drilling services on six of the platforms Hydro operates in the Norwegian offshore sector. The contract - during the initial period - has an estimated value of NOK 1.3 billion. |
27 March 2003 |
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The Board of Norsk Hydro has today approved the construction of a new chlorine plant at Rafnes. The investment, estimated to cost in the region of NOK 1 billion, approximately EUR 127 million, is expected to be very profitable. Production is planned to start up in 2005. |
18 March 2003 |
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As operator for the development of the gas field Ormen Lange, Norsk Hydro on behalf of the license participants intends to award the contract for engineering and design of the onshore processing plant at Aukra to AkerKvaerner. |
12 March 2003 |
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Norsk Hydro delivers today the world's first hydrogen filling station for cars and buses. Hydrogen has been designated by many as the energy carrier of the future.
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06 March 2003 |
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The management of Hydro Oil and Energy have decided to reorganize the exploration operation and announce that this will involve a reduction in the total number of man-years of around 300 consultants and permanent employees.
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29 January 2003 |
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After nearly three years of studies, consultation and investigations, the Ormen Lange License has decided that the 2003 development application to the authorities will be based on, 'Subsea Production to a new onshore gas processing plant at Nyhamna in the municipality of Aukra, which is in the Møre and Romsdal county'. |
18 December 2002 |
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Through major acquisitions and improvements in its operational performance, Norsk Hydro has strengthened its position in 2002. Despite challenging markets, Norsk Hydro expects to meet its previously announced profitability target for 2002. |
08 December 2002 |
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The production of primary aluminium at New Sunndal is now on stream and capacity is gradually being increased to the planned 76,000 tonnes per year for the first expansion phase.
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03 December 2002 |
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Production from the Tune field started Thursday 28 November. The field, which has been developed with a subsea installation linked to the Oseberg Field Center, will produce three billion cubic meters of gas at plateau rate.
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29 November 2002 |
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Norsk Hydro ASA has reached a non-binding agreement in principle to sell the former VAW Flexible Packaging business to Alcan Inc. |
22 November 2002 |
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A federal bankruptcy court in Kansas City, Mo., has signed an order giving final approval in allowing Farmland Industries, Inc.’s consent to the sale of substantially all of the assets owned by Farmland Hydro, L.P. to Cargill Fertilizer, Inc. |
06 November 2002 |
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Hydro Magnesium today officially opened its new plant at Xián in China. This is Norsk Hydro's first wholly-owned plant in China and marks a significant milestone in Hydro Magnesium's global production network.
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25 October 2002 |
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Norsk Hydro recommends that the gas from the second largest field on the Norwegian continental shelf Ormen Lange be transported to Nyhamna in the municipality of Aukra, in Møre og Romsdal county. |
24 October 2002 |
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Composite Reinforcement Systems AS (CRS), a subsidiary of Hydro Pronova, has established cooperation- and ownership agreements with Vello Nordic AS, a subsidiary of the Spilka Group, which ensures the further development of CRS towards commercial production of reinforcement systems for concrete strutures made of Fibre Reinforced Polymers (FRP). |
24 October 2002 |
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Hydro Aluminium has today commissioned the first cells in the new potroom in the Sunndal metal plant, three weeks ahead of schedule. After a test production period, the new plant will be inaugurated by Norwegian Prime Minister, Mr. Kjell Magne Bodevik, on Tuesday, December 3, 2002. |
18 October 2002 |
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The Board of Norsk Hydro has approved an investment of about NOK 560 million (€ 75 million) in a modernization and capacity increase of anode baking furnace no. 3 at Hydro Aluminium Årdal Carbon at Årdalstangen in Norway.
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18 October 2002 |
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The Danish company Korn- og Foderstof Kompagniet (KFK), in which Norsk Hydro owns 68.8 percent of the outstanding shares, has signed an agreement relating to the divestment of its subsidiary, Svenska Foder, to a purchasing consortium consisting of Dansk Landbrugs Grovvareselskab (51 %) and Svenska Lantmännen (49%). |
10 October 2002 |
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The Board of Norsk Hydro, the Norwegian based Oil and Energy, Aluminium and Agri group, has decided to take part in expanding the Canadian primary aluminium plant, Alouette. |
30 September 2002 |
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Hydro Aluminium and Russian Aluminium (RUSAL) have entered into a long-term agreement for production and sourcing of high quality extrusion ingots to meet the increasing needs of their global markets. The agreement, to last in excess of ten years, builds on existing relations between Hydro Aluminium and RUSAL. |
24 July 2002 |
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Hydro Aluminium has developed an all aluminium engine block for a new high volume diesel engine. On the basis of a serial production order for this engine block and with prospects for new orders for aluminium blocks, the board of Norsk Hydro has approved a major expansion of VAW alucast, Dillingen. Hydro will invest up to ™ 76 million in a new production line for the production of aluminium blocks. |
02 July 2002 |
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After almost five years at the helm of VAW aluminium AG, Dr. Helmut Burmester has decided to disembark now that the integration period with Norsk Hydro's aluminium activities has been completed according to plan and the organizations of the new company, Hydro Aluminium, are in place both in Germany and worldwide. |
02 July 2002 |
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Minstry of Petroleum and Energy today announced that Norsk Hydro is offered operatorships and equity in the company's highest ranked areas in the 17th concession round on the Norwegian Continental Shelf. |
30 May 2002 |
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Yesterday, Norsk Hydro and BASF, the German industrial conglomerate, signed an agreement whereby BASF will purchase the feed additive Formi. At the same time the two companies signed a production agreemnt whereby Hydro will produce Formi for BASF over a 15 years' period. This agreement is expected to provide Hydro with income in the order of NOK 1 billion over the contract period. |
25 April 2002 |
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Cecilie Ditlev-Simonsen has been appointed as senior vice president of corporate communications in Norsk Hydro, with responsibility for external and internal corporate communications and visual identity. She will report to CEO Eivind Reiten, and will take up her new post in October 2002. |
22 April 2002 |
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Norsk Hydro, the oil and energy, aluminium and agri group, has signed an agreement with the private Chilean company SQH to form an new private Chilean company Inversiones SQNH S.A. where Hydro holds 49 %. SQNH is in turn a significant indirect minority shareholder in the Chilean speciality fertilizer company SQM. |
19 April 2002 |
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Today, Hydro Aluminium opened its aluminium remelt and recycling plant near Madrid, Spain. The new plant at Azuqueca de Henares will serve the Spanish and Portuguese market with an annual capacity of approximately 60,000 tonnes of primary quality extrusion ingot based on the recycling of aluminium scrap. The new plant is part of Hydro Aluminium's network of casthouses, serving all major aluminium markets in Europe and the USA. |
17 April 2002 |
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Norsk Hydro has strengthened its position in core operated areas through an agreement with the Norwegian State to acquire interests in eight licences in the North Sea. |
19 March 2002 |
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Norsk Hydro Technology Ventures will invest venture capital into a new wave power generation concept developed by Scottish start-up company Ocean Power Delivery. |
19 March 2002 |
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In order to comply with the authorities' decision to reduce oil production in the first quarter of 2002, Norsk Hydro will reduce production from several of its operator fields at the end of March. Production in the first quarter will be reduced by an average of 5 percent of the planned level. |
19 March 2002 |
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Norsk Hydro and Amnesty International have signed a cooperation agreement to bolster human rights work. The agreement, which will last for one year to begin with, entails financial support from Hydro amounting to NOK 1 million. |
19 March 2002 |
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Norsk Hydro ASA, the Norwegian Oil and Energy, Aluminium and Agri group, has as of today completed the acquisition of the German aluminium company, VAW aluminium AG. |
15 March 2002 |
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Offshore development is still considered the most viable development concept by the Ormen Lange Unit. However, Nyhamn in Aukra municipality is considered as the most suitable landing site for Ormen Lange if the gas is to be landed. Nyhamn will be fully evaluated against the preferred offshore development in late 2002. |
14 March 2002 |
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As previously announced, Hydro has entered into an agreement to purchase all the outstanding shares of VAW aluminium AG. |
18 February 2002 |
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Denso Corporation has signed a global licensing contract with Hydro Pronova AS for use of Shecco™ Technology in its automotive air-conditioning and heating systems. The agreement represents a major breakthrough in the automotive industry's effort to significantly reduce emissions of greenhouse gases. |
18 February 2002 |
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Hydro Aluminium has reached a final agreement to acquire Technal group, a major European player within aluminium building systems, head quartered in Toulouse, France. This finalizes the deal announced on October 30th 2001. |
25 January 2002 |
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During the last year, Norsk Hydro has consolidated its position as a result of the successful implementation of several significant strategic measures. The acquisition of the German company VAW Aluminium, announced on Monday, will make Hydro Aluminium one of the world's leading aluminium companies. |
08 January 2002 |
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In light of Hydro's successful acquisition of VAW, Germany becomes Hydro's largest market and, next to Norway, the country with the largest concentration of operational activities. Some changes in Hydro's corporate management structure will also take place. |
08 January 2002 |
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The acquisition of VAW will make Hydro Aluminium one of the world's top-tier light metal companies, with a leading position in Europe. |
07 January 2002 |
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Norsk Hydro, Nuon and Norsk Miljøkraft have agreed to build a wind farm at Havøygavlen in the municipality of Måsøy in the county of Finnmark, Norway. For this purpose a new company has been established: Arctic Wind A.S. Nuon owns 53,5% of the shares, Norsk Hydro 41,5% and the developer of the windfarm, Norsk Miljøkraft 5%. Havøygavlen will be the world's northernmost windfarm. |
29 December 2001 |
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Hydro Aluminium has informed its partners in Utkal Alumina International Ltd.that they wish to exit from the project. |
17 December 2001 |
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Norsk Hydro, the oil and energy, light metals and agri group, has signed a 50/50 JV Agreement with the Belgian company NutriSI (owned 50% by SQM of Chile and 50% by Rotem of Israel) to establish a joint production company for speciality fertilizer. |
07 December 2001 |
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Norsk Hydro, the oil and energy, light metals and agri group, confirms that Hydro and Sociedad Quimica y Minera de Chile S.A. (SQM) have signed an agreement to cooperate in the area of sales and marketing of specialty fertilizers as announced by SQM on Friday November 23, 2001. The intention to sign such an agreement was announced by the two companies in May 2001. |
26 November 2001 |
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Norsk Hydro has in the past two months made two promising oil and gas finds in the Oseberg area of the North Sea. These, together with a previous discovery, will likely form the basis for a new subsea production development tied into the Oseberg field center. |
15 November 2001 |
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Norsk Hydro, the Norwegian Oil and Energy, Light Metals and Agri group, has signed an agreement with Barwil Agencies AS of W. Wilhelmsen ASA under which Barwil will take over Hydro's ship agency operations in Norway and the BeNeLux. |
13 November 2001 |
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Norsk Hydro is presently negotiating with the German company E.ON to acquire their subsidiary VAW. |
08 November 2001 |
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The corporate assembly of Norsk Hydro has endorsed the recommendation of the company's board to cut back magnesium production by closing Hydro's Porsgrunn plant. The resolution was passed by 11 votes to 8. |
25 October 2001 |
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The licensees of the Snøhvit field offshore Norway in the Barents Sea have signed separate contracts for the sale of liquefied natural gas ( LNG ) corresponding to the design capacity of the LNG plant that is to be built in the Northern Norwegian county of Finnmark. |
18 October 2001 |
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Fundamental changes to the global magnesium market necessitate an extensive restructuring of Norsk Hydro's magnesium operation in order to restore profitability. |
12 October 2001 |
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Hydro is to cover its prebaked anode requirements for the approved development at Sunndal by extending its participation in the Dutch company Aluchemie, Europe's largest producer of anodes located in Rotterdam. |
03 October 2001 |
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On Monday, October 1, deliveries are ready to begin through the new Vesterled gas pipeline running between the Heimdal installation in the Norwegian offshore sector to the St. Fergus gas terminal in Scotland - via the Frigg pipeline system. |
27 September 2001 |
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Norsk Hydro, the Norwegian oil and energy, light metals and plant nutrition group, has today announced that it will build its second state of the art aluminum recycling plant in the United States. |
26 September 2001 |
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Norsk Hydro's oil and gas operations on the Norwegian continental shelf, which have grown considerably in recent years, take in operator tasks on 15 field installations producing a total of some 1.3 million barrels of oil daily. |
19 September 2001 |
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The parties to the Declaration on the Noral Project, which describes intentions to build an aluminium plant and related power systems in the East of Iceland, have decided to postpone their final decision on the project from 1 February 2002 to 1 September 2002. |
12 September 2001 |
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Michael Schwenzer new President of Hydro Automotive Structures, Arvid Moss in new function heading strategy and business developpment in Light Metals
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15 August 2001 |
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Norsk Hydro aims to streamline its operations and focus its capital and management attention on its core business areas Oil and Energy, Light Metals and Agri. |
27 June 2001 |
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Since December last year, Norsk Hydro has conducted a comprehensive improvement process to increase earnings and improve competitiveness for the company's Grenland operations in Norway. In this connection, approximately 500 - 550 man years have been identified as being supernumerary. |
26 June 2001 |
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The expansion and modernization of Hydro Aluminium Sunndal is to be carried out as planned, the Board of Norsk Hydro having today verified its previous decision. |
13 June 2001 |
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Hydro Aluminium has signed a Letter of Intent with AF Sunndal for the main building contract in connection with the modernization and expansion of the aluminium plant at Sunndalsøra. The scope of the agreement totals NOK 619 million. Construction work wil. |
29 May 2001 |
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