Norsk Hydro has agreed with Orkla to acquire its 50 percent interest in Sapa for a total enterprise value of NOK 27 billion, giving full ownership in the global leader in extruded aluminium solutions and making Hydro a leading force in the global aluminium industry. Transactional highlights: • Binding agreement to acquire Orkla’s 50% interest in Sapa • Sapa enterprise value NOK 27 billion • Accretive to…

The full integration and rebranding of Alumetal is a strategic move that will enable Norwegian aluminium and renewable energy company Hydro to capitalize on new commercial opportunities with a unified presence in the market. It will not affect existing operations. “We are setting up a true one-stop-shop for recycled and low-carbon foundry alloys that includes the full strength of Hydro’s R&D capabilities…

Aluminium from the state-of-the-art facility will help lightweight millions of new cars each year – enabling them to further curb emissions. The new automotive line in Grevenbroich Germany, is one of Hydro’s strategic investments in European industry. Car makers increasingly use aluminium to lightweight their vehicles and curb emissions. As a consequence of this industry megatrend, Hydro has over the last…

The Düsseldorf-based technology group Rheinmetall has won a fifth order for supplying fuel cell components, this time from a European customer in the industrial sector. The aggregated value of this order for cathode and shut-off valves for industrial applications is in the lower two-digit million-euro range. Including this order, booked at the end of June 2022, total order volume for cathode flaps is now…

The package of orders is another success in the context of the hydrogen strategy of the group, which intends to continue to consistently expand its position in the field of alternative drives. As a proven technology partner, Rheinmetall has been making contributions to the optimization of hydrogen use for many years and thus also in the sense of the desired energy transition - both for vehicles in various…

The order package reconfirms the success to date of the Group’s hydrogen strategy, which it is systematically pursuing to expand its position in the field of alternative drive technologies. As a proven technology partner, Rheinmetall has been helping for years to optimize the use of hydrogen and thus to bring about the desired energy revolution – for vehicles of various categories as well as for stationary…

While many industrial companies are shifting operations abroad, Hydrotec Technologies AG is making a clear statement in favor of Germany as a business location. In Wildeshausen, at the heart of Lower Saxony, we witnessed firsthand one of Europe’s most advanced iron foundries — a flagship project in a time of industrial transformation. From the moment you arrive, it becomes clear: this is more than just a…

The Herforder Brewery is sending a strong signal for the future: with an investment of 20 million euros, the company is modernizing its bottling plant and empties yard. A central element of the new infrastructure is the innovative drainage technology from HYDROTEC. The HYDROblock® DN 300 system made of ductile cast iron is being used – a monolithic, maintenance-friendly solution that can also withstand the…

HHI delivered 4 high pressure boiler water feed pump units to a cogeneration power plant under construction in Iran. The power plant will be equipped with a total of 6 of the water feed pump units. The newly delivered pumps are axial split type and feature reliable and stable operation. Since the pumps complicated single frame casing requires a high level of manufacturing technology, HHI’s successful supply…