Tag Archives: Hydro

Hydro included in Fortune’s 2022 World’s Most Admired Companies list

Business News, Chemicals / Metals

Hydro, an AmCham Norway Member, claims a place among the world’s most admired companies as one of only three companies from Scandinavia.

“This is a great recognition of the work that is being done by our people around the globe. I am also impressed that we are one of only three Scandinavian companies on the list,” says Hilde Merete Aasheim, Hydro President & CEO.

Fortune’s World’s Most Admired Companies is based on a survey that covers a range of criteria, including investment value, quality of management and products, social responsibility and ability to retain talent. 

Hydro is the only Norwegian company included on the list and ranks number 5 among industry peers, along with metals companies such as Alcoa. The two other Scandinavian companies making the list are the Danish logistics company Maersk and Swedish car manufacturer Volvo.

Read more HERE

Hydro colleague in the technology pilot at Karmøy

Hydro appoints Paul Warton EVP Extruded Solutions

Business News, Chemicals / Metals, ,

Paul Warton, business unit president at global aluminium company Constellium, has been appointed Executive Vice President for Hydro’s Extruded Solutions business area.

Warton (59) will report to President and CEO Hilde Merete Aasheim and join the Corporate Management Board. He will start his new position on February 1, 2021, replacing Egil Hogna, who will leave Hydro to become CEO at Nordic consultancy Norconsult.

Warton has extensive experience from the aluminium industry, including different leadership positions in U.S.-based aluminium company Alcoa and in aluminium extrusions company Sapa, now a part of Hydro.

He has worked in Constellium since 2010, where he is currently global business unit president for Automotive Structures and Industry. He holds a degree in production engineering from the University of Birmingham and an MBA from London Business School.

Hogna will leave Hydro on December 1, 2020. Erik Fossum, Head of Precision Tubing in Extruded Solutions, will act as Executive Vice President of Extruded Solutions until Warton joins Hydro on February 1, 2021.

Read original news article here

EuropeanCEO: Norsk Hydro Hilde Merete Aasheim shows her mettle

Business News, Chemicals / Metals,

The prominence given to environmental issues of late has placed a harsh spotlight on the commodities sector. The planet’s raw materials are finite, and harvesting them can often be cheaper than recycling. The environmental cost is usually ignored.

Nevertheless, the aluminium industry has not performed too badly in terms of sustainability. A staggering 75 percent of all the aluminium ever produced is still in use today. Still, demand for the metal is growing at such a rapid rate that mining projects continue to be an important source of the commodity. According to market research firm IndustryARC, the global demand for aluminium is set to expand by a compound annual growth rate of 4.2 percent between 2019 and 2025.

Given that global demand cannot be satisfied by recycled aluminium alone, a great deal of environmental responsibility still resides with mining firms producing this valuable commodity. One of the world’s largest, Norsk Hydro, employs 35,000 people across 40 countries and is present across all continents.

Read entire article HERE.

Bloomberg: NASA Says Metals Fraud Caused $700 Million Satellite Failure

Business News, Chemicals / Metals, ,

A metals manufacturer faked test results and provided faulty materials to NASA, causing more than $700 million in losses and two failed satellite launch missions, according to an investigation by the U.S. space agency.

The fraud involved an Oregon company called Sapa Profiles Inc., which falsified thousands of certifications for aluminum parts over 19 years for hundreds of customers, including NASA.

News of the satellite failures comes a week after Norsk Hydro ASA, the current parent company of Sapa, agreed to pay $46 million to NASA, the Department of Defense and others to resolve criminal charges and civil claims related to the fraud, which took place from 1996 to 2015.

A spokesman for Norsk Hydro said the case has been settled. Last week, it said it has invested “significant time and resources to completely overhaul our quality and compliance organizations.”

Read entire article HERE.