Shopping Cart

Trade wars, cyber attacks and Brexit: Norsk Hydro recaps 2019 in annual report

Agmetalminer - Last year proved to be a hectic one for Norwegian aluminum maker Norsk Hydro. Hilda Merete Aasheim, who took over as CEO in 2019, recapped some of the challenges in the company’s annual report.

“Trade wars, Brexit uncertainty, weak markets and the embargo in Alunorte have weighed on our financial result in 2019,” Aasheim said. “In addition, a malicious and sophisticated cyber-attack hit us hard last spring. I am immensely proud of how our people and organization handled the situation, working day and night to recover.”

The company also struggled amid falling aluminum and alumina prices.


Underlying EBIT decreased to NOK 3,359 million (U.S. $327 million) from NOK 9,069 million (U.S. $883 million) for 2018.

“The decrease mainly reflects lower realized aluminium and alumina price, partly offset by the positive effects from increased production in Brazil, lower raw material costs and positive currency effects,” the company’s annual report noted.

In terms of production, Hydro’s bauxite production at Paragominas (in the Brazilian state of Pará) totaled 7.4 million metric tons, while alumina production at Alunorte in totaled 4.5 million metric tons. Hydro’s primary aluminum production reach 2.0 million metric tons.

Continue reading...

Canadian mining companies prepare pandemic plan...
Older post
JSPL looking to set up 2-2.5 mtpa steel plant a...
Newer post
T-SHIRTS & BLOUSES
Sweatshirts
BLACKERY PRESENT NEW COLLECTION 2019

This is Photoshop's version of Lorem Ipsum. Proin gravida nibh vel velit auctor aliquet. Aenean sollicitudin, lorem quis bibendum auctor, nisi elit consequat ipsum.


Morbi accumsan ipsum velit. Nam nec tellus a odio tincidunt auctora ornare odio. Sed non mauris vitae erat consequat auctor eu in elit. Class aptent taciti sociosqu ad litora torquent per conubia nostra. , per inceptos himenaeos. Mauris in erat justo. Nullam ac urna eu felis dapibus

This is a cookie agreement request — you can customize it or disable on the backoffice. Cookies help us to provide you the best experience using our website.

Client service

OUR CONTACTS:

We're available by phone (877) 350-0771 every day from 9 am. - 9 p.m. ET.

HOURS: Monday - Friday 8AM - 5PM
Saturday - Sunday Online
Holidays Online

(877) 350-0771

support@metals.com

1420 Kettner Blvd #100 San Diego, CA 92101

PAYMENTS:

Credit Card: Visa, MasterCard, Maestro, American Express

Back To Top
Do you like any template? Apply its settings to your store — just select the template you like and press the «Apply» button of the desirable one. Templates can be switched at any time.
Applying a new template overrides the settings. Press «Copy» and paste it into any text file to save your current settings.

Export

Import

Import