Log in
Show password
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
  1. Homepage
  2. Equities
  3. Norway
  4. Oslo Bors
  5. Norsk Hydro ASA
  6. News
  7. Summary
    NHY   NO0005052605


SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Norsk Hydro : Hydro increases capacity for sustainable aluminium production in Sjunnen, Sweden

07/09/2021 | 12:46pm EDT

The press operations in Sjunnen, Sweden that was idled a few years ago will be reopened. The plant will be fully operational during the fall of 2021 and increases Hydro Extrusions Sweden's capacity of aluminium profiles made with recycled aluminium by approximately 20%.

The decision to reopen comes in response to a substantial increase and market demand for low-carbon aluminium profiles across all industries where Hydro Extrusions operates.

As business is coming back to normal after the pandemic, the demand for high-quality and sustainable aluminium profiles has surged. By adding one more press, Hydro Extrusions Sweden will increase the annual capacity by around 10.000 tonnes.

Hydro has a set a target of reducing its carbon emissions by 30% by 2030 and increasing capacity for recycling aluminium and producing more low-carbon alloys and extrusions play an important role in realizing that target. The reopening of the extrusion press in Sjunnen, with its close connection to the remelting facility, is a step towards a circular thinking, where Extrusions Sweden can play an important role in the region by recycling aluminium from the local market and increase capacity for new low-carbon extrusions.

'Aluminium is a material of the future which gives companies across industries new opportunities in sustainable design and recycling. Starting up the extrusion operations in Sjunnen is a direct result of the increased demand for sustainable aluminium and proof that our products have an important role to fill in the transitions towards a greener economy. With increased capacity and flexibility we can also shorten the lead-times to our customers,' says Jonas Bjuhr, Managing Director Hydro Extrusions Sweden.

Published: July 09, 2021

Erika Ahlqvist
Erika Ahlqvist

Vice President, People, communication and sustainability, Hydro Extrusions

+47 95 30 63 40


Norsk Hydro ASA published this content on 09 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 July 2021 16:45:06 UTC.

ę Publicnow 2021
All news about NORSK HYDRO ASA
09/09NORSK HYDRO : Hydro signs agreement for Alunorte natural gas supply
09/08RE : Move prototype unveiled at IAA 2021
09/07Ocean Sun Consortiums Receives Funds From Norway's Green Platform
09/07SCATEC : Ocean Sun receives government green funds - Consortiums led by Scatec and Norsk H..
09/07NORSK HYDRO : Hydro tops ESG reporting ranking of biggest companies on Oslo Stock Exchange
09/06Guinea bauxite prices rise after coup, mines report no immediate impact
09/06Shares lifted by prospect of rates staying low for longer
09/06Shares lifted by prospect of lower rates for longer
09/06Norsk Hydro shares rally as Guinea coup boosts aluminium prices
09/06Guinea bauxite prices rise after coup, mines report no immediate impact
More news
Analyst Recommendations on NORSK HYDRO ASA
More recommendations
Sales 2021 140 B 16 141 M 16 141 M
Net income 2021 10 641 M 1 229 M 1 229 M
Net Debt 2021 2 876 M 332 M 332 M
P/E ratio 2021 12,1x
Yield 2021 3,80%
Capitalization 133 B 15 462 M 15 398 M
EV / Sales 2021 0,97x
EV / Sales 2022 0,87x
Nbr of Employees 34 000
Free-Float 64,7%
Duration : Period :
Norsk Hydro ASA Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends NORSK HYDRO ASA
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 15
Last Close Price 65,00 NOK
Average target price 71,30 NOK
Spread / Average Target 9,69%
EPS Revisions
Managers and Directors
Hilde Merete Aasheim President & Chief Executive Officer
Pňl Kildemo Chief Financial Officer & Executive Vice President
Dag Mejdell Chairman
Jo de Vliegher Chief Information Officer
Anne-Lene Midseim Executive Vice President-Legal & Compliance
Sector and Competitors