Norsk Hydro ASA (Hydro) announced measures to strengthen its long-term resilience by reducing annual costs by NOK 1 billion, including approximately 750 job cuts.
The initiative aims to align the company’s organizational structure with strategic goals and changing business requirements. It complements Hydro’s previo

Norsk Hydro ASA (Hydro) has completed the recertification of its 74 production sites under the Aluminum Stewardship Initiative (ASI) Performance Standard V3.1, the highest number among aluminum extrusion companies.
The sites include 42 operations in Europe, 25 in North America, 2 in Asia and 5 in South America.
The r

Norsk Hydro ASA (Hydro) has inked a letter of intent (LOI) with Nemak to develop low-carbon aluminum casting products for vehicles, such as engines and structural components.
This will be done by using more post-consumer scrap and shifting to cleaner energy sources such as natural gas and electrical boilers at Hydro’

Norsk Hydro ASA (Hydro) has started the construction of a new EUR 180 million aluminum recycling plant in Torija, Spain. It will employ 65 people before the start of operation in 2026.
The plant is part of Hydro’s continuous efforts to strengthen the European circular economy by keeping more post-consumer scrap in th

Norsk Hydro ASA (Hydro) announced that Hydro Energi AS has signed a long-term power purchase agreement (PPA) with NTE for a total delivery of 660 GWh in the period from January 1, 2027, to December 31, 2029. NTE is a leading energy company focused on the production and distribution of renewable energy.
As a key playe

Norsk Hydro ASA (Hydro) has inked an agreement with Northvolt to acquire the remaining shares in the battery recycler Hydrovolt for NOK 78 million.
With this transition, Hydro’s ownership in Hydrovolt will increase from 72% to 100%. The closing of the transaction is expected by Q1/2025 pending certain conditions, inc

Norsk Hydro ASA (Hydro) announced a NOK 200 million investment to build a new sow casting line at its Husnes plant in Norway, which produces low-carbon extrusion ingot for the European construction and automotive industries. Construction is expected to start in 2025, with completion scheduled for Q1/2026.
The highly

On December 18, Hydro announced that it has joined the Suppliers Partnership for the Environment (SP), a Washington D.C. headquartered group of leading automotive manufacturers, suppliers and environmental organizations dedicated to accelerating the industry’s sustainability transition.
The partnership aligns with Hy

On October 30th, Hydrovolt, a 50:50 joint venture (JV) of Norsk Hydro ASA (Hydro) and Northvolt, opened a new production line dedicated to the discharging and dismantling of batteries. The semi-automated line is the first of its kind in the world for battery recycling. Hydrovolt's plant in Fredrikstad consists of two

Norsk Hydro ASA (Hydro) has decided to reduce its ownership in Vianode, a Norway-based synthetic graphite manufacturer for the battery industry, from 30% to 19.9%.
Altor’s exercise of a put option requiring Hydro to acquire an additional 20% of Vianode, announced on September 6, 2024, has not been executed. Hydro has

Norsk Hydro ASA (Hydro) is pursuing its strategy to increase recycling of post-consumer aluminum scrap to 850,000 - 1.2 million tons per year by 2030.
With production of 443,760 tons in 2023, a 38% increase from 2022, the company is already more than halfway to its goal. It recycled 195,000 tons of post-consumer scra

Norsk Hydro ASA (Hydro) has invested NOK 1 billion to launch a new 12-inch indirect extrusion press and expand its recycling facility in Cressona, Pennsylvania in the U.S.
Replacing two old presses, the new 3,000-ton indirect extrusion press features advanced automation and monitoring systems. Compared to the direct

On October 2, 2024, Norsk Hydro ASA (Hydro) opened an expanded technology center in Cassopolis, Michigan, the U.S., marking the relocation from Zeeland, Michigan.
The new Hydro Aluminum Technology Center (HATC) is adjacent to Hydro’s aluminum recycling plant. It strengthens Hydro’s capabilities to deliver innovative

Norsk Hydro ASA (Hydro) announced that its 50:50 joint venture with scrap management enterprise PADNOS, Alusort LLC, has started commercial operations at PADNOS’s sorting hub in Grandville, Michigan, USA.
With a USD 4 million investment, Alusort will supply Hydro’s Cassopolis and Henderson recycling plants with raw m

Norsk Hydro ASA (Hydro) has opened a new aluminum recycling plant in Szekesfehervar, Hungary. With an annual capacity of 90,000 tons, the plant will mainly serve the automotive market.
Initially, it will process 15,000 tons of post-consumer scrap annually, which is set to increase over the years to meet the growing d

Norsk Hydro ASA (Hydro) announced that it will acquire an additional 20% of Vianode, following Elkem’s exit from Vianode in March 2024 and Altor’s exercise of a put option on September 6, 2024. This acquisition results in an equal 50/50 ownership stake between Hydro and Altor.
The transaction is pending competition c

Norsk Hydro ASA (Hydro) inked a long-term agreement with Porsche AG on July 9, 2024, to supply low-carbon aluminum for Porsche’s vehicle production in the future.
This agreement followed a letter of intent signed in April 2023, aiming to reduce the carbon footprint of Porsche’s car models. It will support Porsche’s e

The European Commission has approved, under the EU Merger Regulation, the creation of the joint venture, Hydro Volt AS, by Hydro Energi Invest AS (Hydro) and Northvolt Revolt AB (Northvolt). The JV focuses on recycling of EV batteries.
The Commission concluded that the JV would not raise competition concerns as it ha

Norsk Hydro ASA (Hydro) announced a USD 85 million investment in a new casting line at its aluminum recycling plant in Henderson, Kentucky.
Featuring the HyForge technology, this new casting line will be operational in 2026 and produce high-quality, recycled aluminum components for the U.S. automotive industry. It wi

Hydrovolt, a 50:50 joint venture (JV) of Norsk Hydro ASA and Northvolt, has secured financing of NOK 63 million from DNB and Eksfin to scale up its operations in Fredrikstad (Norway) and expand into other European markets.
This investment will support Hydrovolt’s efforts to meet the increasing demand for battery recy