The Aluminum Association has congratulated Birgitte Holter, from AA member company Hydro, for her new role as chairperson of the United Nations Environment Program’s Sustainable Buildings and Climate Change Initiative. For full story, click here
Norsk Hydro, Europe’s third- leading aluminum maker, scrapped a plan to bid for Asia Aluminum Holdings Ltd., the failed Chinese metals company, its liquidator said. For full story, click here
Norsk Hydro ASA, an aluminum product producer based in Norway, has offered $300 million to purchase the assets of bankrupted Asia Aluminum Holdings Ltd., outbidding Golden Concord Pacific’s offer of $298 million, a source close to Asia Aluminum told Interfax on June 23. For full story, click here
Norwegian aluminium producer Norsk Hydro dipped on Monday to comment on reports that it may be interested in purchasing Asia Aluminum Holdings Ltd. For full story, click here
Norske Hydro declared that it is considering to make further output cuts in its extruded aluminum automotive components and systems due to General Motors and Chrysler suspending vehicle production at most of their assembly plants in North America. For full story, click here
Norwegian aluminum producer Norsk Hydro ASA declared that it has deepened its production cuts by a further 100,000 metric tons of annual capacity at its Sunndal smelter, amid demanding market conditions. For full story, click here
Norsk Hydro to permanently shut 120,000 tonnes of aluminium capacity at its Karmoy smelter in Q1 2009. For full story, click here
At aluminum’s current price around 90% of the world’s smelting capacity is operating at a loss, and this is forcing producers to revise production programs to cope with aluminum’s current price point.
Hydro’s Extrusion Americas unit has reported an energy surcharge option, effective with all orders placed after September 1, 2008. Lynn Brown, senior vice president Extrusion Americas sales & marketing, said: Although we have seen some easing in energy costs over the past few weeks, energy costs remain at unprecedented levels. For full story, click here
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