Business
Hydro Investor Day 2025: Strategic discipline securing long-term value creation
Hydro continues to execute on its 2030 strategy, delivering strong results over the last twelve months amid uncertain markets. The ability to create value from opportunities arising from the green transition is further strengthened by investments in new wire rod capacity to support Europe’s electric infrastructure development. This is complemented by the Illvatn pumped storage plant investment, which scales renewable power generation in Norway. Extrusions and Recycling are ramping up new investm
About this update from Norsk Hydro Asa
[{"type":"image","alt":"Norsk Hydro","displaySize":"","headline":null,"caption":"Norsk Hydro","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":300,"url":"https://media.zenfs.com/en/globenewswire.com/39a62d1cb2c356756160caefffd86320"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/E3T5DuTjfxpFY7dhGJO7hA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTQyMDtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/39a62d1cb2c356756160caefffd86320","width":300,"height":300}},"lazy":false},{"type":"text","content":"Hydro continues to execute on its 2030 strategy, delivering strong results over the last twelve months amid uncertain markets. The ability to create value from opportunities arising from the green transition is further strengthened by investments in new wire rod capacity to support Europe’s electric infrastructure development. This is complemented by the Illvatn pumped storage plant investment, which scales renewable power generation in Norway. Extrusions and Recycling are ramping up new investments and progressing on operational improvements, positioning themselves for profitable long-term growth amid green and geopolitical shifts. These topics will be key for Hydro’s Investor Day 2025.","length":696,"tagName":"p"},{"type":"text","content":"Key highlights ","length":14,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Hydro Extrusions propose to close five plants in Europe to consolidate the footprint, improve capacity utilization and reduce the cost base. Total restructuring cost is estimated to NOK 1.9 billion, with annual cost improvements of NOK 0.5 billion per year.","length":257,"tagName":"p"}]},{"val":[{"type":"text","content":"Strategic workforce adjustment ahead of target in 2025. The program is expected to deliver annual net run-rate savings of approximately NOK 1 billion from 2026.","length":160,"tagName":"p"}]},{"val":[{"type":"text","content":"Hydro’s improvement program remains on track to deliver NOK 6.5...