Norsk Hydro As Ord (NHYKF)

Description:

Norsk Hydro ASA is a resource rich, fully integrated aluminium company with operations in all major activities along the aluminium industry's value chain. Its operations include one of the world's largest bauxite mines and the world's largest alumina refinery, both located in Brazil. It has primary metal production facilities in Europe, Canada, Australia, Brazil and Qatar. It is a worldwide supplier of value-added casthouse products, such as extrusion ingots, sheet ingots and foundry alloys. The Company has six operating segments including, Bauxite & Alumina, Primary Metal, Metal Markets, Rolled Products, Energy and Other and eliminations. Bauxite and Alumina includes its bauxite mining activities comprised of the Paragominas mine and a 5 percent interest in Mineracao Rio de Norte (MRN), both located in Brazil, as well as its 92 percent interest in the Brazilian alumina refinery, Alunorte. Primary Metal consists of its primary aluminium production, remelting and casting activities at its wholly- owned smelters located in Norway, Germany and Australia, and Hydro's share of the primary production in partly-owned companies located in Norway, Slovakia, Qatar, Australia, Canada and Brazil. Metal Markets includes all sales and distribution activities relating to products from its primary metal plants and operational responsibility for its stand-alone remelters. Metal Markets also include metal sourcing and trading activities, which provides operational risk management through LME hedging activities. Rolled Products consist of rolling mills which are located in Europe and the Rheinwerk primary aluminium smelter in Nuess, Germany. Rolled Products also include its 50 percent interest in the AluNorf rolling mill in Germany. Energy is responsible for managing Hydro's captive hydropower production, external power sourcing arrangements to the aluminium business and identifying and developing competitive energy solutions for Hydro worldwide. Other and eliminations includes Hydro's 50 percent share in Sapa, a global leader in extruded aluminium solutions with significant operations in Europe, North America, South America and Asia.