US factories were among those affected, as were smelting plants in Norway. When you choose aluminium from Hydro, it's strong, light, durable and climate efficient, making you part of a smarter and more sustainable future. Please accept marketing cookies to view this content, The power of power - Hydro Energys history, Green and Sustainability-Linked Financing Framework, Hydros roadmap to zero emission aluminium production, Proposal / request to general meeting of shareholders, Wide MPEs - aluminium profiles for battery cooling, Disclosure of mining concessions and exploration permits, Developing carbon capture and storage technology for aluminium smelters, HalZero zero-emission electrolysis from Hydro, Using personal identification information, Norwegian code of practice for corporate governance, 2013: The world's biggest manufacturer of aluminium extrusions, 1996: Ormen Lange a fortune in the Halten bank, 1987: Cleaning up the dark side of industry, 1966: A unique collaboration between two men with quite different backgrounds, 1950: The metal is magnesium, the car is the Beetle, 1947: rdal: light at the end of a long tunnel, 1939: Holidays at Hydros cabins by the sea and in the mountains, 1930: Cooperation and market shares during the depression, 1919: Research as driving force and inspiration. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Instant Brands, the maker of Pyrex kitchenware, filed for bankruptcy on Monday, saying it had too much debt to withstand rising interest rates and tighter credit conditions. It is one of the largest aluminium companies worldwide. Recycling aluminium only takes 5% of the energy used to create it. 1910: What became of Professor Birkeland? Press releases, photos, stories, facts and figures you will find everything you need here. Norsk Hydro: Hydro signs new long-term power contract for Norwegian The plant in Torija will have 120,000 tonnes of annual capacity and around 65 employees, Norsk Hydro said. In Norway, Hydro has plants in Magnor, Rjukan, Raufoss, Vennesla, Karmy, Hyanger, rdal, Husnes, Sunndalsra, and Holmestrand. This provided the advantage of being able to have the plants and the shipping port in the same location, as was the case with the Herya plant. A story shaped by you. 2021 saw production growth at a rate close to 4%, considerably higher than the previous two years when it was nearly flat. $ + tax Norwegian power company Statkraft has signed a 15-year deal to supply 6.6 TWh of renewable power to Hydro Energi AS for its aluminium plants in Norway. Working on a story about aluminium? You may cancel your subscription at anytime by calling [7] (The consortium included Thomas Fearnley, Orkla, Fred Olsen, Storebrand, Jens P. Heyerdahl, Klaveness & Co, Christopher Kahrs Kielland. Two years later, the company acquired the leading German aluminium producer Vereinigte Aluminium Werke from the German utility company E.ON and the French building systems company Technal. The company has initiated several projects to develop new technology that will help reduce emissions from aluminium production. It increases our flexibility to deal with challenging markets and increased demands for quality and a low-carbon footprint from customers, says Ster. During the period of a weaker market for certain aluminium products, Hydro Husnes and Hydro Karmy are doing a comprehensive skills upgrade. Hydro acquired in the late 1980s the Mobil service stations in Norway, Sweden and Denmark, changing their name to Hydro. Alumetal is a Polish producer of aluminium foundry alloys and aluminium master alloys with plants located in Poland and Hungary. With more than a century of experience in renewable energy, Hydro is one of the top three operators of power production in Norway, and a significant market player in the Nordics and Brazil. 2021 Exports | Imports : $3.89B | $511M, World Rnk 6 / 147 Rnk 5 / 1186 | World Rnk 29 / 181 Rnk 36 / 1210, 2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $315M | $253M, Germany | Russia, 2021 ECONOMIC COMPLEXITY of Norway: 0.69, Rnk 38 / 131, 2021 PRODUCT COMPLEXITY IN Raw Aluminium: -1.23, Rnk 892 / 1029. A world of opportunities for students, graduates and professionals. Sign In. Today, we operate more than 20 hydropower facilities throughout Norway, providing around 10 TWh of clean and renewable energy annually for our aluminium production. Here's how we do it. Sr-Al is owned by Hydro Aluminium and Aluminum Limited of Canada (Alcan). At some factories, workers are using printed order lists while they remain unable to retrieve order data from their computers. Opinion: A Strong Trump Indictmentbut Is It Strong Enough? [4] Hilde Merete Aasheim has been the CEO since May, 2019.[5]. [17], .mw-parser-output .geo-default,.mw-parser-output .geo-dms,.mw-parser-output .geo-dec{display:inline}.mw-parser-output .geo-nondefault,.mw-parser-output .geo-multi-punct,.mw-parser-output .geo-inline-hidden{display:none}.mw-parser-output .longitude,.mw-parser-output .latitude{white-space:nowrap}595450.97N 10392.42E / 59.9141583N 10.6506722E / 59.9141583; 10.6506722. The technology had been developed by the Norwegian scientist Kristian Birkeland. Global aluminium production grew at a sluggish pace in 2019 and 2020, in contrast to average annual growth of 6% in 2010-2018. Body Discovered in Interstate 95 Collapse Wreckage. 1908: Of course the workers must have houses, 1905: A new working day 2 December 1905, Subscribe to news and press releases from Hydro, Extruded aluminium profiles for LED lighting, International Council on Mining and Metals (ICMM), Letter to stakeholders: Unique position in a new reality, Lifting profitability, driving sustainability, initiated several projects to develop new technology, Hydros roadmap to zero-emission aluminium production, Hydro investing in the green transition and Norwegian aluminium plants, Bath cleaning machine, equipment for cleaning anode material for easier maintenance and residual waste management (NOK 116 million), Upgrade of the high voltage distribution network for electrolysis (NOK 205 million), Relining facility for the technology pilot (NOK 55 million), Upgrade of cranes in hall A (NOK 35 million), In addition, over NOK 1.5 billion was invested in the start-up of the B hall in the period before 2021, New alumina silos for electrolysis (NOK 73 million), Control systems for electrolysis (NOK 82 million), Preheating chamber in TYA casthouse (NOK 34 million), Upgrading the PFA casthouse (NOK 62 million), Recycling plant for post-consumer aluminium (NOK 184 million), Anode cover material technology project (NOK 27 million), Power supply and upgrade of electrolysis line SU3 (NOK 845 million). An aluminium plant that bases its electricity on coal, as is common in several regions of the world, has five times higher CO2 emissions than one that bases it on electricity from renewable sources. The method is still known as the BirkelandEyde process. Norsk Hydro estimates the total investment in the project will total 130 million-140 million euros ($141 million-$151 million), it said in a statement. The British operations were later sold. It added that it had data backups ready with which to restore systems once the virus had been dealt with. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. The firm said it was working to contain and "neutralise" the attack and added that it had not caused any safety-related incidents. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Hydro wasn't always an aluminium company. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. The construction was however ended on July 24, 1943 when an allied bombardment completely destroyed the facilities, killing 55 construction workers. A world of opportunities for students, graduates and professionals. A friendly work environment of knowledgeable professionals. Demand for low-carbon aluminium is increasing by 20 percent annually, compared to three percent annual growth for aluminium overall. Norwegian aluminium company Norsk Hydro ASA has signed a long-term power contract with Norwegian renewable energy producer Agder Energi AS for power supplies to Hydro`s aluminium plants in Norway. Our ambition is lifting profitability and driving sustainability, creating value for all stakeholders. The technology of increased recycling of post-consumer aluminium will contribute to reducing emissions faster today. Hydro may be best known as the worlds only fully integrated aluminium company, but our name points to our history as pioneers in hydropower production. Norway portal Pages in category "Aluminium companies of Norway" The following 5 pages are in this category, out of 5 total. Hydro acquires land to build aluminium recycling plant in Spain Most of the employees in the company work in plants and offices located outside Norway, such as Germany and Brazil. Norway-based aluminium company Hydro has signed an agreement to purchase land for constructing a new aluminium recycling plant in Torija, Spain. Anna is a DACH expert when it comes to covering business news and spotting trends. One of the world's biggest aluminium producers has switched to manual operations at some smelting plants following a "severe" ransomware attack. Therefore, our core strategy is to grow our operations in regions of the world where we can use power with zero emissions, such as hydropower, wind power, solar power and more. We want to contribute to creating a fair society and circular economy by producing responsibly, delivering circular solutions, making net-zero aluminium by 2050 or earlier, and producing and using more renewable energy. Norwegian aluminium company Norsk Hydro ASA's fully owned subsidiary Hydro Energi AS has signed a long-term power contract with Nordic Wind Power DA, a Norwegian wind power consortium, for annual baseload supply of between 0.6 and 1 TWh in the period from 2020 to 2039. The main destinations of Norway exports on Raw Aluminium were Netherlands ($796M), Germany ($770M), Poland ($420M), Spain ($338M), and Sweden ($221M). There is an increased demand for aluminium products with a low-climate footprint and Hydro is investing in new technology to produce low-carbon aluminium. In addition to investment projects, Hydro is working on developing the skills of the work force. Hydro, which employs 35,000 people in 40 countries, was hit by malware last week. Don't miss a single update from Aluminium Insider. Although the current aluminium market is challenging and we are entering 2023 with high inventories, we are confident that the long term development of the aluminium market will be positive. Those two contracts supersede a series of internal and external agreements that supplied the plant with 2.2 TWh (250 MW) per year each year from 2013 to 2017. The main destination of Raw Aluminium exports from Norway are: Netherlands ($796M), Germany ($770M), Poland ($420M), Spain ($338M), and Sweden ($221M). Press releases, photos, stories, facts and figures you will find everything you need here. At the time, German industrial conglomerate I.G. Under the long-term power purchase agreement (PPA), Statkraft will deliver 0.44 TWh per year from its power plants to Hydro in the period from the beginning of 2024 to the end of 2038, Statkraft . In 1930 Norsk Hydro opened a plant at Herya outside Porsgrunn. During the last two years, Hydro has initiated projects worth NOK 3 billion at the Karmy, Husnes, Hyanger, rdal and Sunndal aluminium plants. Our aluminium can help you meet your goals, too. 1908: Of course the workers must have houses, 1905: A new working day 2 December 1905, Extruded aluminium profiles for LED lighting, International Council on Mining and Metals (ICMM), Letter to stakeholders: Unique position in a new reality, Lifting profitability, driving sustainability. ", "Norway's Hydro says Brazil plant made unauthorized spills", "Norsk Hydro Internal Task Force Executive summary", Companies listed on the Oslo Stock Exchange, https://en.wikipedia.org/w/index.php?title=Norsk_Hydro&oldid=1159268857, Multinational companies headquartered in Norway, Articles with dead external links from November 2017, Articles with permanently dead external links, Short description is different from Wikidata, Articles with unsourced statements from May 2022, Articles with unsourced statements from April 2018, Official website different in Wikidata and Wikipedia, Creative Commons Attribution-ShareAlike License 4.0, This page was last edited on 9 June 2023, at 08:41. This list may not reflect recent changes . * Using January 2020 exchange rates when trade data is reported in local currency. Hydro's Norwegian plants produce just over 1 million tonnes of aluminium annually, according to a company spokesperson. They are now building a special facility that will take in more post-consumer aluminium directly into the primary aluminium casthouse production, and further reduce the climate footprint for aluminium produced in Norway. The investments at the Norwegian primary aluminium plants will help Hydro take a leading role in climate efficient aluminium solutions through continued industrial development and. Over the last two years, Hydro has initiated projects worth around NOK 3 billion at the Norwegian aluminium plants. All quotes delayed a minimum of 15 minutes. What is meat's 'elixir of life'? "For an industrial manufacturing business this is potentially bad news, as it may have spread across their company, including near industrial control systems," added Mr Beaumont. The contract with Swiss energy company Axpo Trading AG is for 1.3 TWh (150 MW) annually in the five year period from 2021 to 2025. Already a subscriber? Staff worldwide are instead using mobile phones and tablets to access their emails, according to Hydro's chief financial officer Eivind Kallevik. In 2022, Hydro produced aluminium products for customers that were 100 percent recycled, and with near zero-carbon footprint. Norsk Hydro : Hydro investing in the green transition and Norwegian Hydro Aluminium Rolled Products GmbH, a fully-owned subsidiary of Norwegian aluminium company Norsk Hydro ASA, announced yesterday that it has secured a long-term power contract for its aluminium plant in Neuss, Germany. Under the long-term power purchase agreement (PPA), Statkraft will deliver 0.44 TWh per year from its power plants to Hydro in the period from the beginning of 2024 to the end of 2038, Statkraft said on Thursday. Norsk announced a month ago that it will be opening a 45 million (US$51.32 million) recycling facility at the Neuss plant. The Norwegian aluminum maker was hit by hackers in March 2019. The plant at Herya was a direct result of no longer being dependent on immediate proximity to the power sources. The offer also includes Rio Tinto's 53% share in Dutch . In 1946 the rdal aluminium plant was opened, operated by the state owned company rdal og Sunndal Verk. Hydro's first factory was built at Notodden (opened in 1907) followed up with another at Rjukan, Tinn (opened in 1911). Hydro Working on a story about aluminium? Raw Aluminium in Norway - The Observatory of Economic Complexity We want to hear from you. Hydro Energi is one of the major power producers in Norway and a manufacturer of hydro engines, turbine components, and control systems for electro-mechanical power plants. Although aluminium is easy to recycle, making primary aluminium requires a lot of energy. Hydro is one of the largest aluminium companies worldwide. In a merger Hydro acquired this company in 1986, in essence establishing the light metal division Hydro Aluminium. Norsk Hydro Probe Shows Slow Pace of International Ransomware Cases Later also Rjukan Falls was developed and its power harnessed, in the process establishing the city of Rjukan, establishing the plant Norsk Hydro Rjukan. Imports In 2021, Norway imported $511M in Raw Aluminium, becoming the 29th largest importer of Raw Aluminium in the world. With renewable power and modern technology, we produce aluminium in the cleanest way possible. Get the highlights on aluminium's journey from bauxite, through production, use and recycling. . [8] Under the rules of the EEA the proposal was approved by the European Union on May 3, 2007[9] and by the Norwegian Parliament on June 8, 2007. Inside Packaging & Packaging Gateway on Twitter: "Norway-based Norwegian aluminum and energy company Norsk Hydro confirmed that hackers used a relatively new form of ransomware known as LockerGoga in a March 19 cyberattack that crippled the company's global . By introducing green hydrogen to replace natural gas, it could bring the production to zero-carbon emissions. Farben owned stock in Norsk Hydro, which then produced less than 11 litres (3USgal) of heavy water per month, and the company was approached to increase its deuterium output to at least 110 litres (30USgal) per month. The company is planning to invest 130m to 140m for the entire project, subject to the final facility . She has also built a deep understanding of Middle Eastern markets and has helped expand Renewables Now's reach into this hot region. Norsk Hydro: Hydro signs long-term power contract for Norwegian - Yahoo Best Debt Consolidation Loans for Bad Credit, Personal Loans for 580 Credit Score or Lower, Personal Loans for 670 Credit Score or Lower. See here for a complete list of exchanges and delays. Norsk Hydro: Hydro signs new long-term wind power contract for Pal Kildemo, CFO of Norwegian aluminium company Norsk Hydro, discusses the company's second-quarter results and how it is responding to Europe's energy crisis. Exclusive news, data and analytics for financial market professionals, Reporting by Terje Solsvik; Editing by Gwladys Fouche and Josie Kao, Exclusive: Pakistan paid in Chinese currency for discounted Russian oil- minister, Exclusive: Broadcom set to win EU nod for $61 bln VMware deal, sources say, Nasdaq to buy fintech firm Adenza for $10.5 billion, rattling some investors, S&P 500 and Nasdaq close at highest since April 2022, Jill Biden launches presidential campaign fundraising tour for husband Joe, Golden Globe Awards sold, Hollywood Foreign Press group shut down, Harley-Davidson to run limited motorcycle manufacturing at its York facility, US Senate leaders unveil $107 bln aviation policy bill, Pyrex kitchenware maker files for Chapter 11 bankruptcy. Norway imports Raw Aluminium primarily from: Russia ($361M), Bahrain ($30M), South Africa ($27.5M), New Zealand ($16.3M), and Iceland ($12.8M). StackedArea Flow Exports Y-AXIS SCALE Linear Value For a full breakdown of trade patterns, visit the trend explorer or the product in country profile. [3] It has operations in some 50 countries around the world and is active on all continents[citation needed]. Sign up for free newsletters and get more CNBC delivered to your inbox. [15] Hydro has since claimed that while some unauthorized spills had happened,[16] their own and independent reports showed no environmental pollution of the river but only a small change in pH. Norsk Hydro - Wikipedia "Even if 50% of Europe's primary aluminium production capacity has been curtailed during the last year, (the) recent drop in demand is causing a buildup of stock, forcing us to take firm actions," the company added. A Division of NBCUniversal. Norsk Hydro Purchases Tract For Aluminium Recycling Plant In Central Spain, Aluminium Extruders Council Supports Push To Reform Section 232 Exemption Process, Kennedy Wilson To Add 2,000 Aluminium Fins To Offices In Dublin. Mergers: Commission clears Hydro's acquisition of Alumetal Hydros plant in Neuss, which is outside of Dsseldorf in North Rhine-Westphalia, produces primary aluminium. However, these systems had had to be turned off at some of the facilities. History in brief - Norsk Hydro "Hydro has a great need for power in the future and several of our existing agreements will expire from 2030. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. When you choose aluminium from Hydro, it's strong, light, durable and climate efficient, making you part of a smarter and more sustainable future. Hydro's fertilizer business was spun off as a separately stock-listed company under the name of Yara International on March 26, 2004. In 1986, two of these plants would become an important part of one of Norway's largest companies, Hydro. We are upgrading the plants, investing in the development of the plants, and implementing new technology such as recycling, carbon capture and green hydrogen with the goal of becoming the world's first supplier of zero-carbon aluminium. A rdal og Sunndal Verk E Elkem H Hydro Extruded Solutions N Norsk Hydro S Hydro Husnes All quotes delayed a minimum of 15 minutes. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. We are a leading aluminium and renewable energy company that has created business opportunities for more than a century by developing products, solutions and industries that address global needs and demands. The Rjukan plant was the only location in Europe which produced heavy water, a component the Allied powers in World War II feared would be used as part of the German atomic bomb project. "But they have the option of reverting back to methods that are not as computerised, so we are able to continue production.". Hydro soon became a large company in the North Sea petroleum industry, and also became operator of a number of fields, the first being Oseberg. Wants to Counter China in the Pacific. We supply low-carbon aluminium to customers worldwide and offer renewable energy solutions to industries that want to power manufacturing in a greener way. This also marked the beginning of Hydros journey to become the worlds leading company in sustainable aluminium production. 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