Norsk Hydro ASA - Company Profile
Powered by 
All the data and insights you need on Norsk Hydro ASA in one report.
$295
- Save hours of research time and resources with
our up-to-date Norsk Hydro ASA Strategy Report
- Understand Norsk Hydro ASA position in the market,
performance and strategic initiatives.
- Gain competitive edge and increase your
chances of success
Business Description
Norsk Hydro ASA (Norsk) is a producer of aluminum and related products. The company's primary activities include the mining and refining of raw materials, production of renewable energy, and development of advanced and sustainable aluminum solutions. It offers building systems, rolled products, precision tubes, welded tubes, cast house products, low-carbon aluminum, bauxite, and alumina. Norsk also generates and sells hydropower. The company has operations in 40 countries and 30,000 suppliers.
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
R&D Overview
Hydro carries out its main research and development activities through research centers in the business areas. The company’s R&D focuses on developing recycling technology and increasing the share of value-added products. Norsk is also engaged in development projects in close cooperation with its customers, applying material science competence and modelling capabilities for the solution offering. Many projects aim at improving the design and usability of the products, and reducing their carbon footprint, targeting markets like automotive, building and construction and renewables. In FY2023, it spent NOK786 million on R&D activities, compared with NOK655 million in FY2022.
Business Segments
Overview
Carries out aluminum production, remelting, and casting operations at its Norway smelters. - Its primary production is partly owned by companies is in Slovakia, Qatar, Australia, Canada, and Brazil. Produces extrusion ingots, foundry alloys, wire rods, and high purity aluminium, and sheet ingots. The segment's strategy is to strengthen its position on the global primary aluminium cost curve through operational and procurement improvements, and to decarbonize its casthouses and the electrolysis process.
Performance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Overview
Carries out bauxite mining activities, production of alumina, and related commercial activities, and the sale of alumina. Mining activities comprises Paragominas mine and a 5% interest in Mineracao Rio de Norte (MRN), in Brazil; and its 62% interest in the Brazilian alumina refinery, Alunorte. Carries out long-term sourcing arrangements and alumina commercial operations. The segment's strategy is to strengthen its position on the alumina cost curve through operational and commercial improvements, and to improve its position on the alumina industry cost and carbon curves.
Performance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Overview
Carries out captive hydropower production in Norway, trading and wholesale business in Brazil, and energy sourcing for Hydro's operations. Had an operating interest in 39 hydroelectric power plants in Norway with a total installed capacity of 2.7 GW. The segment's strategy is to enable Hydro and other industrial companies to succeed in the transition to a net-zero society through its captive renewable energy production, competitive sourcing of renewable power, and energy solutions.
Performance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Overview
Offers extrusion profiles, building systems, and precision tubing products. It had 71 manufacturing sites in 40 countries. Product delivered to such sectors as construction, automotive and heating, ventilation, and air conditioning. The segment's strategy is to deliver more advanced, innovative, and sustainable products and solutions, increase overall value and revenue, and grow in attractive regions and segments.
Performance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Overview
Carries out sales and distribution activities related to products from its primary metal plants and stand-alone remelters. Also includes metal sourcing and trading activities related to standard aluminum ingots. Operates remelters in Europe and the US.
Performance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Geographical Segments
Performance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Performance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Performance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Performance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Still looking?
Have you found what you were looking for? From start-ups to market leaders, uncover what they do and how they do it.
Explorer
Access more premium companies when you subscribe to Explorer