Corporate Profile for Norsk Hydro ASA, dated Friday, Oct. 16, 1998.--(BUSINESS WIRE)--The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services. -0-
Published Date: Friday, Oct. 16, 1998
Company Name: Norsk Hydro ASA
Address: Bygooy Allee 2
N-O
Norway
Main Telephone
Number: +47 2243 2100
Internet Home
Page Address
(URL) www.hydro.com
Chief Executive
Officer: Egil Myklebust
Chief Financial
Officer: Leiv L. Nergaard
Investor Relations
Contact: Mari Thjomoe
Business number: +47 2243 2043
Public Relations
Contact: Henrik Anoenaes
Business number: +47 2243 2200
Trading Symbol/
Exchange: NHY
Industry: Oil, Metals, Chemicals
Company description: Hydro has more than 38,000 employees around the world. In 1997, the company had operating revenues operating revenue Revenue from any regular source. Revenue from sales is adjusted for discounts and returns when calculating operating revenue. Compare other revenue. of NOK NOK In currencies, this is the abbreviation for the Norwegian Krone. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 96 billion and operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. of NOK 10.7 billion. Hydro is in a strong growth phase and is aiming to double business volume between 1996 and 2005, the company's 100th anniversary year. With a local presence in more than 100 countries around the world, Norsk Hydro Norsk Hydro ASA (OSE: NHY, NYSE: NHY) is a Norwegian aluminium and renewable energy company, headquartered in Oslo. Hydro is the fourth largest integrated aluminium company worldwide. It has operations in some 40 countries around the world and is active on all continents. is a leader in the global fertilizer market. Using energy as its base, aluminum and magnesium production in Europe and North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , and semi-fabricating operations in Africa, the Americas, Asia and Europe, Hydro is positioned to achieve similar standing as a producer of light metals (Chem.) the metallic elements of the alkali and alkaline earth groups, as sodium, lithium, calcium, magnesium, etc.; also, sometimes, the metals of the earths, as aluminium. See also: Metal . Also the company's oil and gas area will have strong production growth, and have increased international reserves the past years. A strong focus on safety and the environment is integrated within Hydro's businesses and sets the standard for our plant operations, technology development and customer relations. |
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