Bli medlem
Bli medlem

Du är här

2016-06-07

Norsk Hydro: Hydro renews metal sales agreement with Sapa JV

Norwegian aluminium company Norsk Hydro ASA's fully owned subsidiary, Hydro
Aluminium AS, has entered into a sales agreement with Sapa AS, a global
provider of downstream aluminium solutions, owned 50 percent by Hydro, to
supply extrusion ingot under an open-ended agreement starting in 2017.

The agreement covers extrusion ingot in Europe, and replaces the existing
contract, which was entered into at the closing of the Sapa Joint venture in
2013, and expires by the end of 2016. The agreement is at market terms, and
covers a volume commitment range of 250 to 300 kmt, that can be adjusted on a
yearly basis.

"Hydro's experience and technological edge along the value chain provides our
customers with value added aluminium products, and we are happy to continue
our supply of high quality aluminium to Sapa," says President and CEO, Svein
Richard Brandtzæg.

Sapa is the world leader in downstream aluminium solutions - a result of the
merger of the aluminium extrusion businesses of Orkla and Hydro. Sapa has a
global reach and local presence within extrusions, building systems, and
precision tubing. Sapa has 22,800 employees in more than 40 countries, and
the headquarters are located in Oslo, Norway.

Investor contact

Contact Stian Hasle

Cellular +47 97736022

E-mailStian.Hasle@hydro.com

Press contact

Contact Halvor Molland

Cellular +47 92979797

E-mailHalvor.Molland@hydro.com

---------------------------------------

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Norsk Hydro via Globenewswire

HUG#2018369

Författare Hugin

Tala om vad ni tycker

Tala om vad ni tycker

Ni är just nu inne på en betaversion av nya aktiespararna. Lämna gärna feedback på vad ni tycker i formuläret nedan.