Norsk Hydro ASA - Company Profile
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Norsk Hydro ASA (Norsk) is a supplier of aluminum. Its primary activities include mining and refining raw materials, producing renewable energy, and developing advanced aluminum solutions. The company’s major products include aluminum, extrusion ingots, sheet ingots, foundry alloys, wire rods, and high purity aluminum. The company operates under brands such as Hydro CIRCAL and Hydro REDUXA. Its products are used in various industries, including the building and automotive sectors. The company has operations in various countries in Argentina, Canada, Brazil, India, Japan, Turkey, Singapore, South Korea, Qatar, France, Norway, Spain, Portugal, Sweden, Germany, the US, Belgium and the UK. Norsk is headquartered in Oslo, Norway.
Norsk Hydro ASA premium industry data and analytics
Products and Services
Products | Brands |
---|---|
Electricity | Hydro CIRCAL |
Bauxite | Hydro REDUXA Material |
Alumina | |
XYZ | |
XYZ | |
XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
Year | Event | Description |
---|---|---|
2024 | Financing Agreements | In February, the company entered into US$1,000 million revolving multi-currency credit facility for general corporate purposes. |
2023 | Contracts/Agreements | In December, the company entered into a partnership with Volvo Group for zero emission value chains. |
2023 | Stake Sale | In December, the company sold its 30% stake in Hydro Alunorte alumina refinery in Brazil to Glencore. |
Competitor Comparison
Key Parameters | Norsk Hydro ASA | Aluminum Corporation of China Ltd | Alcoa Corp | Fortum Corp | Shandong Nanshan Aluminium Co Ltd |
---|---|---|---|---|---|
Headquarters | Norway | China | United States of America | Finland | China |
City | Oslo | Beijing | Pittsburgh | Espoo | Yantai |
State/Province | Oslo | Beijing | Pennsylvania | - | Shandong |
No. of Employees | 32,724 | 64,504 | 13,600 | 5,225 | 15,255 |
Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
Name | Position | Board | Since | Age |
---|---|---|---|---|
Dag Mejdell | Chairman | Executive Board | 2014 | - |
Hilde Merete Aasheim | President; Chief Executive Officer | Senior Management | 2019 | - |
Rune Bjerke | Deputy Chairman | Executive Board | 2020 | - |
John Thuestad | Executive Vice President - Hydro Bauxite and Alumina | Senior Management | 2018 | - |
Hilde Vestheim Nordh | Executive Vice President - People and Health, Safety and Environment | Senior Management | 2019 | - |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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