Norsk Hydro ASA Company Description
You may find the oil business fascinating, but Norsk Hydro no longer has any interest in the energy industry. Until 2007 its operations were divided more or less equally between aluminum and energy products. Norsk Hydro is now focused strictly on its aluminum operations, which are strong throughout Asia, Europe, and North America, and rank among the world's top five in the industry along with the likes of Rio Tinto Alcan, RUSAL, and Alcoa. In 2006 it combined its energy operations with Norwegian state-owned Statoil, a move to create a Top Five energy company. In 2008 Norsk Hydro also sold its chemicals business to Ineos for $900 million. The Norwegian government owns close to 45% of Norsk Hydro.
View the Comprehensive Company Description for Norsk Hydro ASA
The Company Description provides a historical perspective of Norsk Hydro ASA's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Norsk Hydro ASA's evolution in the marketplace.
