Norsk Hydro: Update - Power failure at Albras causes shutdown of 25% of capacity
Hydro's Albras Aluminium Plant faced a shutdown of one production line on February 19 due to an internal power distribution failure.
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Rhea-AI Summary
Hydro's Albras Aluminium Plant faced a shutdown of one production line on February 19 due to an internal power distribution failure. The incident is currently under investigation, with preparations for repair underway. Albras anticipates restarting the initial pots in early Q2 2022, aiming to return to normal operations by Q4 2022. The situation could affect production levels and revenue, pending the successful and timely repair of the shutdown line.
Positive
- None.
Negative
- Shutdown of production line due to power failure could affect production capacity.
- Uncertainty regarding full operational resumption until Q4 2022.
Details
News Market Reaction – NHYDY
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As previously announced, one of the four production lines at Hydro’s part-owned aluminium plant Albras in Brazil was shut down on February 19 due to an internal power distribution failure.
The Albras organization is currently investigating the exact cause of the incident and has started preparations for repair and restart of the line. Albras expects to restart the first pots in early Q2, resuming normal operations in Q4 2022.
Investor contact:
Line Haugetraa
+47 41406376
Line.Haugetraa@hydro.com
Media contact:
Halvor Molland
+47 92979797
Halvor.molland@hydro.com
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