Norsk Hydro ASA Overview
Company Headquarters: Oslo, Norway
Founded: 1905
Workforce: ~35,000
Company Working: Norsk Hydro ASA (Norsk) is engaged in manufacturing aluminum products and producing renewable energy. It operates through five business segments, which are primary metal, bauxite and alumina, metal markets, rolled products, energy, and other eliminations. The bauxite and alumina segment covers the production of alumina, bauxite mining activities, and related commercial activities. It has bauxite mines in Pará, Brazil. In 2018, the company’s bauxite production reached 6.2 million tons, generating a revenue of USD 3.3 billion.
Strategy
Norsk is continuously investing in innovative technology developments and R&D projects and initiatives with an aim to improve its productivity and enhance the competitive position in the industry. Moreover, it focuses on the vertical integration of its business, leveraging digital opportunities, and developing a framework for competence management as a part of long-term strategic growth.
