Hydro completes divestment.In addition to the sale of its European metalcasting operations, 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. , Oslo, Norway, has divested its interest in two North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. metalcasting companies. The company's recently announced sale of a 49% share in Meridian Meridian (mərĭd`ēən), city (1990 pop. 41,036), seat of Lauderdale co., E Miss., near the Ala. line; settled 1831, inc. 1860. Technologies Inc., Ontario, Canada, has now been completed. The sale of Hydro's 49.99% interest in the Mexican joint-venture company Castech S.A. de CV, Saltillo, Mexico, to Grupo Industrial Saltillo S.A.B de CV also has been completed. The buyer of Meridian is a consortium led by the Norwegian investor Jostein Eikeland's Swiss holding company Estatia AG. The transaction is based on an enterprise value of the business of $169.7 million and will offer a $8.1 million gain on Hydro's results. Meridian Technologies is the world's largest supplier of diecast magnesium magnesium (măgnē`zēəm, –zhəm), metallic chemical element; symbol Mg; at. no. 12; at. wt. 24.305; m.p. about 648.8°C;; b.p. about 1,090°C;; sp. gr. 1.738 at 20°C;; valence +2. components to the automotive industry The automotive industry is the industry involved in the design, development, manufacture, marketing, and sale of motor vehicles. In 2006, more than 69 million motor vehicles, including cars and commercial vehicles were produced worldwide. . Castech in Mexico employs 1,000 to produce 2 million engine cylinder heads and 350,000 engine cylinder blocks per year. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion