Norsk Hydro
Norwegian aluminium and renewable energy company
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2024 | Rune Bjerke was appointed as the Chairman of Norsk Hydro. |
May 2024 | Eivind Kallevik became the CEO of Norsk Hydro, succeeding Hilde Merete Aasheim. |
2021 | Hydro begins receiving approximately 1.0 TWh of electricity annually from the Fosen Vind wind farm as part of a long-term power purchase agreement. |
2020 | Hydro Global Business Services was established to provide centralized Finance, IT, and HR services across all Hydro company businesses, with its largest service hub located in Székesfehérvár, Hungary. |
2020 | Fosen Vind wind farm becomes fully operational, marking a significant milestone in Hydro's renewable energy strategy for securing electricity for aluminium production. |
2019 | Hilde Merete Aasheim takes the position of Chief Executive Officer after Svein Richard Brandtzæg. |
February 2018 | Norsk Hydro was forced to cut aluminium production by 50% at its Albras plant in Pará, Brazil, following allegations of environmental contamination. Local researchers discovered a clandestine waste pipe with elevated levels of aluminum, nitrate, sulphate, chloride, and lead near the facility. |
October 2017 | Hydro acquired Orkla's 50% ownership in Sapa, taking over the company and establishing a new business area called Extruded Solutions, with an enterprise value of NOK 27 billion. |
September 2013 | Hydro combined its aluminium extrusion operations with Sapa, creating a 50/50 joint venture between Hydro and Orkla. |
2011 | Purchased Vale's aluminium assets in Brazil for $4.9 billion, gaining the world's largest alumina refinery, control of the Paragominas bauxite mine, and significant stakes in Albras and Alunorte aluminium facilities. |
2010 | Hydro acquired the Brazilian bauxite, alumina, and aluminium production assets from Vale, an international mining and metals company. |
2010 | Hydro and QatarEnergy inaugurated Qatalum, a 50-50 joint venture aluminium plant in Qatar, which was the largest aluminium plant ever launched in one step, with an annual capacity of 585,000 metric tons of primary aluminium and a 1350 MW natural gas power plant. |
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