Hydro is considering reduced production in Australia
"In response to the demanding situation, we are considering reducing aluminium production at Kurri Kurri. We will continue to stay in close dialog with all affected stakeholders, including employees, unions and the local community, throughout this process," says Hilde Merete Aasheim, executive vice president of Hydro's Primary Metal business area. In a press release, Norsk Hydro says this is a response to the weak macro-economic environment, with low metal prices and uncertain market outlook. In addition, Kurri Kurri is suffering from a strong Australian dollar relative to the U.S. dollar. In case of a curtailment at Kurri Kurri, Hydro is confident that customer commitments will be served through its global metal products supply system. Kurri Kurri, fully owned by Hydro, has three production lines with a total annual production capacity of 180,000 metric tons. The plant, located near Newcastle in New South Wales, employs around 500. (NRK/Press release)
Thursday, 12 January 2012 07:17
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Norwegian aluminium producer Hydro has announced that the Qatalum aluminium plant in Qatar, a 50/50 joint venture between Qatar Petroleum and Hydro, has achieved full production capacity. (Photo: © Norsk Hydro)
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Norwegian authorities and Norsk Hydro will assist Hungary in the clean-up of the toxic sludge which leaked from a burst reservoir on Monday, and is now covering a large area around Kolontar.
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Norway's oil company Statoil ASA has agreed to sell 40% of the Peregrino field offshore Brazil to the Chinese Sinochem Group. Statoil maintains 60% ownership and the operatorship of the field.
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