Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Oslo Bors  >  Norsk Hydro ASA    NHY   NO0005052605

NORSK HYDRO ASA

(NHY)
  Report
Delayed Quote. Delayed Oslo Bors - 10/30 11:25:11 am
26.73 NOK   -1.00%
10/27NORSK HYDRO : Primary insider purchases shares
AQ
10/27NORSK HYDRO : Primary insider purchases shares
AQ
10/27NORSK HYDRO : Primary insider purchases shares
AQ
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Norsk Hydro : Hydro to restart Husnes line B by end-November

share with twitter share with LinkedIn share with facebook
09/23/2020 | 09:15am EDT

'We are very happy to finally bring Husnes line B back in operation, taking advantage of the extensive technology upgrades we have made and allowing our employees and the Husnes community to look toward the future after years of uncertainty,' says Eivind Kallevik, Head of the Primary Metal business.

When the restart was delayed earlier this year due to the market collapse caused by the Covid-19 pandemic, Husnes had nearly completed an NOK 1.5 billion upgrade project to restart line B with technology spin-offs from the Karmøy technology pilot to lift operational and environmental performance to world-class standards.

'With the line B upgrades, Husnes is among the most climate-efficient aluminium smelters in the world, producing a material acknowledged by the European Union as an essential building block for the low-carbon, circular society,' Kallevik says.

Husnes currently produces close to 100,000 tonnes of primary aluminium per year after line B was shut during the financial crisis in 2009. The plant will gradually double production as line B is ramped up.

The decision to restart Husnes is based on market improvements, combined with expectations that Norway will continue to utilize EU's emissions trading system (ETS) for 2021-2030.

Husnes aluminium plant in Norway

Published: September 23, 2020

Erik Brynhildsbakken

Head of Communication and Public Affairs, Primary Metal

+47 41751271
erik.brynhildsbakken@hydro.com

Disclaimer

Norsk Hydro ASA published this content on 23 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 September 2020 12:14:02 UTC


share with twitter share with LinkedIn share with facebook
All news about NORSK HYDRO ASA
10/27NORSK HYDRO : Primary insider purchases shares
AQ
10/27NORSK HYDRO : Primary insider purchases shares
AQ
10/27NORSK HYDRO : Primary insider purchases shares
AQ
10/23GLOBAL MARKETS LIVE : Intel, Mattel, Nordea…
10/23NORSK HYDRO : Report Q3 2020.pdf
PU
10/23NORSK HYDRO : UPDATED PARTICIPANT CODE - Hydro's third quarter results 2020
AQ
10/23NORSK HYDRO : UPDATED PARTICIPANT CODE - Hydro's third quarter results 2020
AQ
10/23THIRD QUARTER 2020 : Strong cash generation, improving markets
PU
10/23NORSK HYDRO : Third quarter 2020 - Strong cash generation, improving markets
AQ
10/23NORSK HYDRO : Third quarter 2020 - Strong cash generation, improving markets
AQ
More news
Financials
Sales 2020 136 B 14 249 M 14 249 M
Net income 2020 -2 578 M -270 M -270 M
Net Debt 2020 11 186 M 1 173 M 1 173 M
P/E ratio 2020 -21,2x
Yield 2020 4,68%
Capitalization 54 773 M 5 757 M 5 745 M
EV / Sales 2020 0,49x
EV / Sales 2021 0,47x
Nbr of Employees 35 000
Free-Float 64,7%
Chart NORSK HYDRO ASA
Duration : Period :
Norsk Hydro ASA Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends NORSK HYDRO ASA
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 16
Average target price 31,85 NOK
Last Close Price 26,73 NOK
Spread / Highest target 65,0%
Spread / Average Target 19,2%
Spread / Lowest Target 1,01%
EPS Revisions
Managers
NameTitle
Hilde Merete Aasheim President & Chief Executive Officer
Dag Mejdell Chairman
Pål Kildemo Chief Financial Officer & Executive Vice President
Jo de Vliegher Chief Information Officer
Sten Roar Martinsen Director
Sector and Competitors