Eivind Reiten

2 news results for the tag: Eivind Reiten.

Hydro and Vale join forces in new alumina project in Brazil

September 25th, 2008

Hydro and the metals and mining company Vale have agreed to construct a new alumina refinery in northern Brazil, strengthening Hydro’s future alumina supply in line with its growth strategy.
Under the agreement, which is a conclusion of a memorandum of understanding (MoU) signed by the parties in July 2007, Hydro will hold a 20-percent share [...]

Norsk Hydro aluminum group; profits plunge 87 percent

July 23rd, 2008

Aluminum and energy group Norsk Hydro ASA told the press that its profit dropped 87 percent in the second quarter on falling sales and higher costs.Net profit was 786 million kroner ($155 million), down from 5.95 billion kroner in the same quarter last year.
Sales dropped 4 percent to 23.98 billion kroner ($4.72 billion) from 25.04 [...]