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| Sale of shares in Pronova Biocare |
15 April 2005 - Hydro Aluminium
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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| Modernization of Rafnes Chlorine Plant
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04 February 2005 - Hydro Aluminium
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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| Hydro Capital Markets Day - Continued profitable growth
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15 December 2004 - Hydro Aluminium
'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.' |
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| Write-down of book value of German primary aluminium plants |
14 December 2004 - Hydro Aluminium
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. |
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| Qatar Petroleum and Hydro plan world-class aluminium project |
05 December 2004 - Hydro Aluminium
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. |
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| General Meeting approves buyback authorization |
01 December 2004 - Hydro Aluminium
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. |
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| Norsk Hydro ASA results of GBP and EUR Debt Tender Offers |
19 November 2004 - Hydro Aluminium
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. |
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| Hydro submits PDO for gas export from Njord |
15 November 2004 - Hydro Aluminium
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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| Reinertsen Anlegg AS to build Ormen Lange's administration complex |
13 October 2004 - Hydro Aluminium
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. |
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| Hydro awards Vetco Aibel Ormen Lange contract |
01 October 2004 - Hydro Aluminium
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. |
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| Hydro and Statkraft to build gas-fired power plant at Kårstø
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22 September 2004 - Hydro Aluminium
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. |
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| Letter of Intent for main installation contract to Aker Stord |
03 September 2004 - Hydro Aluminium
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. |
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| Options to Hydro's top management
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02 September 2004 - Hydro Aluminium
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. |
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| Hydro awards Vetco Aibel AS contract for Ormen Lange |
02 September 2004 - Hydro Aluminium
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. |
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| Ormen Lange awards large pipe freight contracts |
06 August 2004 - Hydro Aluminium
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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| Changes to the President and CEO’s conditions of employment |
23 July 2004 - Hydro Aluminium
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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| Hydro to expand Italian aluminium rolling mill |
16 July 2004 - Hydro Aluminium
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. |
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| Ormen Lange umbilical contracts worth NOK 550 million awarded
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09 July 2004 - Hydro Aluminium
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. |
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| Small Norwegian island a showcase for the world.
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01 July 2004 - Hydro Aluminium
Ten households in the small island community of Utsira, west of Haugesund in Norway will become independent of electricity from the mainland this summer. |
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| Hydro awards Aker Kvaerner Ormen Lange contract worth NOK 2 billion |
01 July 2004 - Hydro Aluminium
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. |
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| Hydro concludes dialogue with SEC regarding proved undeveloped reserves |
29 June 2004 - Hydro Aluminium
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. |
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| German alumina business to be sold |
28 June 2004 - Hydro Aluminium
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. |
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| Hydro to build plant in Mexico
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22 June 2004 - Hydro Aluminium
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. |
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| HA Motorcast in Leeds in UK to be closed |
18 June 2004 - Hydro Aluminium
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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| Gazprom appoints Hydro as partner in Shtokman |
04 June 2004 - Hydro Aluminium
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. |
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| Hydro seeks improved operations and cost synergies in Jamaican alumina-deal |
25 May 2004 - Hydro Aluminium
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. |
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| Restructuring programme approved by Corporate Assembly |
13 May 2004 - Hydro Aluminium
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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| Restructuring at Hydro’s aluminium plants in Norway |
07 May 2004 - Hydro Aluminium
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. |
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| Hydro and RUSAL complete first stage of Sayanogorsk casthouse upgrade |
31 March 2004 - Hydro Aluminium
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. |
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| Yara listed today - Hydro to concentrate on energy and aluminium
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25 March 2004 - Hydro Aluminium
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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| Listing of Hydro’s demerged fertilizer business today - strong investor interest in the Yara share |
25 March 2004 - Hydro Aluminium
Yara International ASA, Hydro’s demerged fertilizer business, will be listed on the Oslo Stock Exchange today. |
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| Preliminary subscription result for Hydro's offering of Yara shares
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24 March 2004 - Hydro Aluminium
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. |
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| Last trading day inclusive right to shares in Yara in connection with the demerger
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24 March 2004 - Hydro Aluminium
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. |
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| Demerger accomplished - new Yara Board in place |
24 March 2004 - Hydro Aluminium
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. |
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| Hydro awards Skanska the NOK 1 billion Ormen Lange Main Civil contract
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19 March 2004 - Hydro Aluminium
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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| Ormen Lange drilling contract awarded to Smedvig |
16 March 2004 - Hydro Aluminium
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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| Jan Reinås elected as new Chairperson of the Board of Directors in Hydro |
16 March 2004 - Hydro Aluminium
The Corporate Assembly of Norsk Hydro ASA has elected Jan Reinås as new Chairperson of the Board of Directors. |
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| Global offering of Yara shares |
09 March 2004 - Hydro Aluminium
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. |
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| Hydro announces its intention to sell its holding in Yara |
16 February 2004 - Hydro Aluminium
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. |
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| Hydro applies for delisting in Sweden |
13 February 2004 - Hydro Aluminium
Hydro's Board today decided to apply for delisting from the Swedish stock exchange Stockholmsbörsen.
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| Yara financing agreed |
03 February 2004 - Hydro Aluminium
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. |
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| Hydro sells share in Snøhvit |
22 January 2004 - Hydro Aluminium
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. |
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| General Meeting approves capital reduction and demerger |
15 January 2004 - Hydro Aluminium
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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| Moving up to a new generation of helicopters |
13 January 2004 - Hydro Aluminium
From January 2005 the most modern helicopters available will be used for passenger transport to and from Hydro’s North Sea platforms. |
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| Nomination Committee proposes Yara board |
09 January 2004 - Hydro Aluminium
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. |
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| Hydro to sell Pronova Biocare |
23 December 2003 - Hydro Aluminium
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. |
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| Ormen Lange Subsea Rock Installation contract worth NOK 700 million awarded
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19 December 2003 - Hydro Aluminium
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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| Hydro Agri will become Yara |
19 December 2003 - Hydro Aluminium
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. |
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Selection committee nominates Jan Reinås as new Hydro chairperson
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17 December 2003 - Hydro Aluminium
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. |
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| Norsk Hydro and WINGAS set up joint venture |
11 December 2003 - Hydro Aluminium
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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| Hydro rebrands to signal company change
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11 December 2003 - Hydro Aluminium
Norsk Hydro presented its new logo at the annual Capital Markets Day today, a new symbol to reflect major changes in the company. |
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| Announcements on Capital Markets Day |
11 December 2003 - Hydro Aluminium
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. |
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| Hydro Aluminium to build Precision Tubing plant in China
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10 December 2003 - Hydro Aluminium
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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| Ormen Lange PDO and Langeled PIO submitted to the Ministry |
04 December 2003 - Hydro Aluminium
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. |
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| Hydro to demerge Agri |
28 November 2003 - Hydro Aluminium
The Board of Directors of Norsk Hydro ASA today decided to recommend to Hydro’s shareholders that Hydro demerge its fertilizer business. |
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| Norsk Hydro awards Ormen Lange subsea contract worth NOK 1 billion |
25 November 2003 - Hydro Aluminium
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. |
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| Ormen Lange pipeline installation contracts worth NOK 3.5 billion awarded |
13 November 2003 - Hydro Aluminium
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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| Ormen Lange line-pipe contracts worth USD 700 mill. awarded |
13 November 2003 - Hydro Aluminium
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. |
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| Ormen Lange coating contract to Bredero Shaw Norway |
03 November 2003 - Hydro Aluminium
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. |
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Hydro and Talum with new metal supply agreement
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09 October 2003 - Hydro Aluminium
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. |
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| Fram Vest in operation |
03 October 2003 - Hydro Aluminium
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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| UK and Norwegian ministers signed a cooperation agreement on cross-boarder pipelines |
02 October 2003 - Hydro Aluminium
The Ormen Lange Licence participants are satisfied that an agreement on the treaty principles for the cross-boarder pipeline has been reached. |
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| The Grane field in production ahead of schedule |
23 September 2003 - Hydro Aluminium
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. |
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| Norsk Hydro out of Scanraff |
18 September 2003 - Hydro Aluminium
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. |
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| Easington selected for landing of gas from Omen Lange |
15 August 2003 - Hydro Aluminium
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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| Hydro to sell Carmeda |
24 July 2003 - Hydro Aluminium
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. |
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| Hydro Aluminium strengthens alumina position |
24 July 2003 - Hydro Aluminium
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. |
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| Hydro prepares public listing of Agri
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19 June 2003 - Hydro Aluminium
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. |
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| COMALCO AND NORSK HYDRO ENTER INTO LANDMARK ALUMINA DEAL |
13 June 2003 - Hydro Aluminium
Comalco and Hydro Aluminium today signed one of the largest alumina supply contracts in the history of the aluminium industry. |
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| Hydro opens the world’s most northerly windmill park at Havøygavlen
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04 June 2003 - Hydro Aluminium
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. |
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| Sale of Flexible Packaging to Alcan completed |
30 April 2003 - Hydro Aluminium
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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| Hydro awards NOK 1.5 billion in contracts to Norwegian companies |
29 April 2003 - Hydro Aluminium
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. |
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| Hydro opens world’s first hydrogen station on Iceland |
24 April 2003 - Hydro Aluminium
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. |
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| Hydro Aluminium inaugurates new alumina capacity |
04 April 2003 - Hydro Aluminium
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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| Contract award for production drilling services on Hydro-operated installations |
27 March 2003 - Hydro Aluminium
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. |
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| Hydro to build new chlorine plant in Norway
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18 March 2003 - Hydro Aluminium
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. |
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| Norsk Hydro awards Ormen Lange contract to AkerKvaerner
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12 March 2003 - Hydro Aluminium
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. |
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| Hydro develops energy of the future
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06 March 2003 - Hydro Aluminium
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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| Norsk Hydro Oil and Energy to reorganize and reduce number of man-years
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29 January 2003 - Hydro Aluminium
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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| Ormen Lange License Participants select 'Subsea to Land Concept' for the Ormen Lange Deepwater Gas Project off Mid-Norway.
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18 December 2002 - Hydro Aluminium
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'. |
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| Announcements on Capital Markets Day
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08 December 2002 - Hydro Aluminium
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. |
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| Capacity increase - Official opening of New Sunndal |
03 December 2002 - Hydro Aluminium
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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| The Tune field is onstream |
29 November 2002 - Hydro Aluminium
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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| Hydro to Sell Packaging Business |
22 November 2002 - Hydro Aluminium
Norsk Hydro ASA has reached a non-binding agreement in principle to sell the former VAW Flexible Packaging business to Alcan Inc. |
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| Sale of Farmland Hydro assets to Cargill approved |
06 November 2002 - Hydro Aluminium
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. |
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| Hydro Magnesium's first wholly-owned plant in China opened
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25 October 2002 - Hydro Aluminium
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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| Norsk Hydro recommends Ormen Lange gas landfall |
24 October 2002 - Hydro Aluminium
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. |
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| Hydro Pronova/Spilka Group |
24 October 2002 - Hydro Aluminium
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). |
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| First new cell commissioned in Sunndal |
18 October 2002 - Hydro Aluminium
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. |
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| Hydro to upgrade Årdal Carbon |
18 October 2002 - Hydro Aluminium
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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| Korn- og Foderstof Kompagniet (KFK) sells Swedish subsidiary
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10 October 2002 - Hydro Aluminium
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%). |
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| Hydro Aluminium to further develop low-cost Alouette smelter |
30 September 2002 - Hydro Aluminium
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. |
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Long term agreement with RUSAL
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24 July 2002 - Hydro Aluminium
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. |
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| Hydro Aluminium step up production of engine blocks |
02 July 2002 - Hydro Aluminium
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. |
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| Burmester to leave after successful integration |
02 July 2002 - Hydro Aluminium
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. |
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| Hydro very satisfied with 17th concession round awards
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30 May 2002 - Hydro Aluminium
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. |
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| Hydro has entered into sales and production agreement with BASF |
25 April 2002 - Hydro Aluminium
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. |
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| New senior vice president of corporate communications in Hydro
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22 April 2002 - Hydro Aluminium
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. |
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| Hydro Agri invests to become an indirect shareholder of SQM
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19 April 2002 - Hydro Aluminium
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. |
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| Hydro opens remelter in Spain |
17 April 2002 - Hydro Aluminium
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. |
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| Norsk Hydro acquires SDFI shares on the Norwegian Shelf |
19 March 2002 - Hydro Aluminium
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. |
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| Norsk Hydro Technology Ventures invests in Wave Energy
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19 March 2002 - Hydro Aluminium
Norsk Hydro Technology Ventures will invest venture capital into a new wave power generation concept developed by Scottish start-up company Ocean Power Delivery. |
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| Hydro oil fields stop production |
19 March 2002 - Hydro Aluminium
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. |
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| Hydro cooperation with Amnesty on human rights
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19 March 2002 - Hydro Aluminium
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. |
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| Acquisition of VAW completed
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15 March 2002 - Hydro Aluminium
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. |
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| Ormen Lange |
14 March 2002 - Hydro Aluminium
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. |
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| Pro forma information for Hydro and VAW |
18 February 2002 - Hydro Aluminium
As previously announced, Hydro has entered into an agreement to purchase all the outstanding shares of VAW aluminium AG. |
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| Automotive breakthrough with new Shecco™ Technology |
18 February 2002 - Hydro Aluminium
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. |
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| Hydro acquires Technal |
25 January 2002 - Hydro Aluminium
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. |
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| Hydro Capital Markets Day
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08 January 2002 - Hydro Aluminium
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. |
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| Corporate management changes
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08 January 2002 - Hydro Aluminium
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. |
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| Hydro to acquire VAW |
07 January 2002 - Hydro Aluminium
The acquisition of VAW will make Hydro Aluminium one of the world's top-tier light metal companies, with a leading position in Europe. |
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| World's nothernmost wind farm - Havøygavlen in Finnmark |
29 December 2001 - Hydro Aluminium
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. |
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| Hydro will exit Utkal |
17 December 2001 - Hydro Aluminium
Hydro Aluminium has informed its partners in Utkal Alumina International Ltd.that they wish to exit from the project. |
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| Hydro and NutriSI in production joint venture |
07 December 2001 - Hydro Aluminium
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. |
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| Agreement between Norsk Hydro and SQM signed |
26 November 2001 - Hydro Aluminium
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. |
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| Another promising Oseberg discovery |
15 November 2001 - Hydro Aluminium
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. |
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| Hydro sells its ship agency operations in Norway and BeNeLux |
13 November 2001 - Hydro Aluminium
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. |
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| Norsk Hydro in negotiations to buy VAW
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08 November 2001 - Hydro Aluminium
Norsk Hydro is presently negotiating with the German company E.ON to acquire their subsidiary VAW. |
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| Corporate assembly terminates Norwegian magnesium production |
25 October 2001 - Hydro Aluminium
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. |
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| Norsk Hydro sells Snøhvit gas as LNG |
18 October 2001 - Hydro Aluminium
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. |
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| Hydro terminates magnesium production in Norway |
12 October 2001 - Hydro Aluminium
Fundamental changes to the global magnesium market necessitate an extensive restructuring of Norsk Hydro's magnesium operation in order to restore profitability. |
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| Hydro covers anode requirements
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03 October 2001 - Hydro Aluminium
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. |
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| Vesterled opening with e-business solution for capacity booking
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27 September 2001 - Hydro Aluminium
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. |
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| Aluminium remelt plant in Commerce, Texas |
26 September 2001 - Hydro Aluminium
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. |
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| New top managers for Hydro's oil business |
19 September 2001 - Hydro Aluminium
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. |
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| Possible Iceland aluminium plant decision postponed |
12 September 2001 - Hydro Aluminium
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. |
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| Michael Schwenzer new President of Hydro Automotive Structures |
15 August 2001 - Hydro Aluminium
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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| Hydro Polybulk sold to Thra Plast CO.S.A
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27 June 2001 - Hydro Aluminium
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. |
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| Severance arrangements and write-offs will be charged to accounts |
26 June 2001 - Hydro Aluminium
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. |
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| Sunndal - Board verifies decision |
13 June 2001 - Hydro Aluminium
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. |
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| Building contract Sunndal |
29 May 2001 - Hydro Aluminium
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. |
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