New reporting structure from Q2

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New reporting structure from Q2

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Aluminium

When you choose aluminium from Hydro, it's strong, light, durable and climate efficient, making you part of a smarter and more sustainable future. Our climate strategy is to cut our CO2 emissions 30% by 2030. Our aluminium can help you meet your goals, too.

Energy

With more than a century of experience in renewable energy, Hydro is one of the top three operators of power production in Norway, and a significant market player in the Nordics and Brazil. We are responsible for developing new business opportunities for Hydro within both renewable energy, hydrogen and batteries, and we provide support to the rest of Hydro’s business areas on contracts, security of supply and energy framework conditions.

Sustainability

Our purpose is to create a more viable society by developing natural resources into products and solutions in innovative and efficient ways. Our ambition is lifting profitability and driving sustainability, creating value for all stakeholders. To tackle our global challenges, the world needs to produce and consume in new ways. We want to contribute to creating a fair society and circular economy by producing responsibly, delivering circular solutions, making net-zero aluminium by 2050 or earlier, and producing and using more renewable energy.

Careers

At Hydro, we put our people at the center of everything we do. By supporting our employees’ growth professionally and personally, we are fostering a community of colleagues who are united in the shared purpose of solving our industries’ most pressing challenges.

Investors

We are a leading aluminium and renewable energy company that has created business opportunities for more than a century by developing products, solutions and industries that address global needs and demands. We supply low-carbon aluminium to customers worldwide and offer renewable energy solutions to industries that want to power manufacturing in a greener way.

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About Hydro

Hydro is a leading industrial company committed to a sustainable future. Our purpose is to create more viable societies by developing natural resources into products and solutions in innovative and efficient ways.

The Aluminium Metal segment is split into Primary Metal, with responsibility for all of Hydro’s aluminium metal plants, primary casthouses as well as for bauxite and alumina, and Metal Markets, which will be responsible for metal sales, recycling, remelting and trading.

The Aluminium Products segment is split into Rolled Products, responsible for Hydro’s rolling mills, and Extruded Products, which will include profiles, building systems and automotive.

The solar activities will be moved from Energy to the corporate function for strategy and business development and consequently reported as part of Corporate and Other.

There will also be minor changes in the allocation of certain overhead costs as a result of the new structure. Certain eliminations previously recorded at the Aluminium Metal and Aluminium Products segment level will be moved to Corporate and Other.

Hydro is scheduled to release the second quarter results on July 22 at 07:30 CET.

Published: July 02, 2009

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