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NHY Norsk Hydro

583.00
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Norsk Hydro LSE:NHY London Ordinary Share NO0005052605 ORDS NOK1.098
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 583.00 539.50 626.50 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Norsk Hydro: Qatalum working to solve logistical challenges arising from Middle-East tensions

06/06/2017 7:03am

GlobeNewswire Inc.


Norsk Hydro (LSE:NHY)
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The Qatalum aluminium plant is working to solve outbound logistical challenges arising from the uncertain situation in the Middle-East after Saudi Arabia, UAE, Bahrain and Egypt cut off transportation links and severed diplomatic ties with Qatar.

Qatalum is a joint venture between Hydro and Qatar Petroleum, and is producing more than 600,000 tonnes per year of value-add primary aluminum to customers in Asia, Europe and the U.S. Most Qatalum shipments normally go through the large Jebel Ali port in UAE, but this port looks to be closed for all Qatar shipments from Tuesday morning.

Supported by owners Hydro and Qatar Petroleum, the Qatalum JV is currently working to find alternative shipment routes to enable it to continue to serve its global customers.

Investor contactContact Stian HasleCellular +47 97736022E-mail Stian.Hasle@hydro.com

Press contactContact Erik BrynhildsbakkenCellular +47 41751271E-mail Erik.Brynhildsbakken@hydro.com

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