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    NHY   NO0005052605

NORSK HYDRO ASA

(NHY)
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Norsk Hydro : Hydro continues investments in North America

07/29/2021 | 02:28am EDT

The company will continue its strategy of asset modernization with the installation of a state-of-the-art 3,000-ton 12' indirect aluminium extrusion press line at its Cressona facility. Not surprisingly, this investment follows closely on the heels of the site's highly successful 2019 greenfield installation of a 10' extrusion press to serve the automotive and distribution markets.

'We are very excited about the decision to continue investing in new assets at Cressona, and I am certain that our history of delivering strong results on past investments was a key factor,' said Mike Hammer, Senior Director of Operations for Hydro's Cressona and North Liberty facilities.

'This new press will create a strong foundation as we drive our manufacturing process to the next level in Cressona.'

Building upon the site's recent press project, the equipment will utilize advanced Industry 4.0 technology to achieve improved quality, reliability, and productivity and achieve benchmark energy consumption levels. Hydro expects this press to be operational by late 2023.

Published: juli 29, 2021

Contact
Erika Ahlqvist
Erika Ahlqvist

Vice President, People, communication and sustainability, Hydro Extrusions

+47 95 30 63 40
erika.ahlqvist@hydro.com

Disclaimer

Norsk Hydro ASA published this content on 29 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 July 2021 06:26:01 UTC.


© Publicnow 2021
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Sales 2021 140 B 16 058 M 16 058 M
Net income 2021 10 619 M 1 221 M 1 221 M
Net Debt 2021 2 876 M 331 M 331 M
P/E ratio 2021 12,3x
Yield 2021 3,76%
Capitalization 135 B 15 520 M 15 488 M
EV / Sales 2021 0,99x
EV / Sales 2022 0,89x
Nbr of Employees 34 000
Free-Float 64,7%
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Number of Analysts 15
Last Close Price 65,70 NOK
Average target price 71,09 NOK
Spread / Average Target 8,20%
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Hilde Merete Aasheim President & Chief Executive Officer
Pål Kildemo Chief Financial Officer & Executive Vice President
Dag Mejdell Chairman
Jo de Vliegher Chief Information Officer
Anne-Lene Midseim Executive Vice President-Legal & Compliance
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