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Norsk Hydro ASA (NHY.OL)

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Latest Key Developments (Source: Significant Developments)

Norsk Hydro ASA: After-tax loss of EUR 45-55 mln due sale of rolling mill
Thursday, 17 Dec 2015 02:00am EST 

Norsk Hydro ASA:The announced sale of Hydro's rolling mill in Cisterna di Latina, Italy, has been finalized.An after-tax book loss of 45 - 55 million euros will be realized in Hydro's fourth-quarter 2015 reported results.  Full Article

Norsk Hydro ASA agrees to sell Italian rolling mill
Monday, 19 Oct 2015 02:00am EDT 

Norsk Hydro ASA:Agrees to sell Italian rolling mills unit, located in Cisterna di Latina.Buyer is Rolling Mills International GmbH, controlled by Quantum Capital Partners AG, a Munich-based investment firm.Value of the transaction is undisclosed.Transaction expected to close by end 2015.The Italian rolling mill has around 430 employees and a production capacity of around 92,000 metric tonnes rolled products per year.The plant was established in 1964, and Hydro took over the plant in 2002 as part of the acquisition of German aluminium producer VAW.  Full Article

Norsk Hydro ASA in Vale-deal to raise MRN ownership
Friday, 9 Oct 2015 01:00am EDT 

Norsk Hydro ASA:Signed a letter of intent with Brazilian mining company Vale for the possible acquisition of Vale's 40-percent interest in Brazilian bauxite producer Mineracao Rio do Norte.The value of the deal was not disclosed.  Full Article

Norsk Hydro ASA's part-owned Alouette plant strikes new power supply deal
Thursday, 10 Sep 2015 10:20am EDT 

Norsk Hydro ASA:Says Norsk Hydro's partly owned aluminium plant in Canada, Alouette, and the Government of Québec agree on new terms for electricity supply from 2017 to 2029.Says the price of electricity will be linked to the market price of aluminium in the new contract, and refer to a total of 8,5 TWh (965 MW) annually.Alouette is owned 20 pct by Hydro Aluminium AS.  Full Article

Norsk Hydro ASA enters into new long-term power contract for Neuss aluminium plant in Germany
Friday, 10 Jul 2015 02:06am EDT 

Norsk Hydro ASA:Says its fully owned subsidiary, Hydro Aluminium Rolled Products GmbH , has secured a power contract with Axpo Trading AG.Says the new power contract will replace parts of an existing combination of internal and external power arrangements entered into in 2012, supplying Hydro Neuss primary aluminium plant with a total of 2.2 TWh (250 MW) annually in the period from 2013 to 2017.  Full Article

Norsk Hydro ASA declares dividend
Wednesday, 6 May 2015 11:40am EDT 

Norsk Hydro ASA:Proposed to distribute a dividend of 1.00 Norwegian Krone per share.The dividend will be paid on May 18, to ordinary shareholders as of May 6, and who are listed in the Norwegian Central Securities Depository as of May 8.The share will be traded ex-dividend from May 7.  Full Article

Norsk Hydro ASA extends planned maintenance at quarry in Brazil
Wednesday, 18 Mar 2015 03:01am EDT 

Norsk Hydro ASA:Says extends maintenance at Paragominas in Para, Brazil, to last until H2 of April from a previous plan to start by H2 of March.Paragominas normally operates with two ball mills, and with one ball mill out for maintenance, production at Paragominas is running at 50 pct of capacity.Paragominas has a nameplate capacity of 9.9 million tonnes.Production at Hydro's Alunorte alumina refinery unaffected.  Full Article

Norsk Hydro to pay NOK 1/share as dividend for FY 2014-Reuters
Wednesday, 11 Feb 2015 02:04am EST 

Norsk Hydro ASA:Plans to pay a 1 Norwegian crown dividend per share for FY 2014, up from 0.75 crowns in FY 2013-Reuters.Raises dividend policy to a 40 percent payout ratio during a business cycle from previously 30 percent.  Full Article

SGL Carbon SE and Norsk Hydro partner in development of cathode technology
Tuesday, 3 Feb 2015 07:00pm EST 

SGL Carbon SE:Says joint development of cathode technology for more energy-efficient aluminum production.Project is part of a technical cooperation which SGL Group and Norsk Hydro initially started in 2012.Says Hydro and SGL Group partnering in the development of cathode technology.  Full Article

Svein Richard Brandtzaeg stays on as Hydro CEO
Friday, 26 Sep 2014 12:59am EDT 

Norsk Hydro ASA:Says Svein Richard Brandtzaeg stays on as Hydro Chief Executive (CEO).Brandtzaeg notified Hydro's Board in July that he would resign from Hydro to become President and CEO of Yara International ASA.Hydro's Board asked Brandtzaeg to reconsider and Brandtzaeg has now decided to withdraw his resignation.  Full Article

BRIEF-Aluminium maker Norsk Hydro secures new long-term power contract for German plant

* Hydro enters into new long-term power contract for Neuss aluminium plant in Germany