MRN

Norsk Hydro: Changing the aluminium game - Strengthening position in challenging markets

Retrieved on: 
Wednesday, February 14, 2024
Energi, NOK, Volvo, Investment, Sale, COP28, MRN, PCS, Energy transition, EUR, Bauxite, KT, Partnership, FMC, Capital market, FSRU, Natural gas, PAX, PPA, LME, Climate change, Carbon, Conference, CO2, Recycling, Kilowatt-hour, Tomago, New South Wales, USD, Rationalization, Global warming potential, AGM, Policy, Annual, Wind, Renewable energy

All business areas, except Bauxite & Alumina, delivered returns above their cost of capital in challenging markets during 2023.

Key Points: 
  • All business areas, except Bauxite & Alumina, delivered returns above their cost of capital in challenging markets during 2023.
  • At the same time, lower trailer build rates in North America have started to negatively impact demand in the transport segment.
  • A weakening extrusion ingot market is further putting pressure on product premiums and several remelters are faced with negative margins, consequently.
  • The transactions enable capital reallocation into strategic growth areas, strengthening Hydro’s earnings resilience in a rapidly changing global landscape.

'47 Becomes Official Licensee of NASCAR Team Properties for Premium Headwear and Apparel

Retrieved on: 
Friday, February 9, 2024
Headgear, Radio, Partnership, Growth, RFK Racing, Talladega Superspeedway, Team Penske, NHL, NFL, Clash, MRN, NBA, Final good, Richmond Raceway, NASCAR, Sirius XM, MLB, Caliente (Sirius XM), FOX, University, Trackhouse Racing Team, Daytona, Sport

BOSTON, Feb. 9, 2024 /PRNewswire/ -- '47, a privately held premium sports lifestyle brand, is excited to announce a new licensing affiliation with NASCAR, the No. 1 form of motorsports in the U.S. The two iconic entities have teamed up for an ongoing partnership to deliver best-in-class products bearing some of the most famous intellectual property in motorsports. NASCAR joins the likes of MLB, NBA, NFL, NHL and major colleges and universities, to comprise one of the most dynamic rosters of licensed sports apparel and headwear.

Key Points: 
  • NASCAR joins the likes of MLB, NBA, NFL, NHL and major colleges and universities, to comprise one of the most dynamic rosters of licensed sports apparel and headwear.
  • "Our partnership will bring premium quality and designs to the passionate NASCAR community," states Dominic Farrell, President of '47.
  • "We believe '47's heritage of creating best-in-class headwear and apparel is a perfect match for the high expectations of the NASCAR fan."
  • '47's premium NASCAR apparel and headwear is available for purchase now on 47Brand.com .

Hydro completes sale to Glencore

Retrieved on: 
Friday, December 1, 2023
Glencore, Mining, USD, Carbon, MRN, Metal, Retirement, Sale, Aluminium

This enables Hydro to strengthen our position in low-carbon aluminium,” says President and CEO, Hilde Merete Aasheim.

Key Points: 
  • This enables Hydro to strengthen our position in low-carbon aluminium,” says President and CEO, Hilde Merete Aasheim.
  • Hydro and Glencore will continue efforts to reduce carbon emissions from Alunorte through the fuel switch project that aims to substitute fuel oil with LNG, and the electrification of boilers.
  • Following the sale, Hydro remains the largest shareholder of Alunorte with 62 percent ownership.
  • Glencore owns 30 percent of Alunorte, while the remaining four minority shareholders collectively own 8 percent.

Norsk Hydro: Hydro receives competition clearing for Alunorte partnership with Glencore

Retrieved on: 
Monday, November 20, 2023
MRN

The parties have received unconditional approval from relevant competition authorities, including Brazil, China, Germany and Austria, and there are no outstanding regulatory conditions to complete the transaction.

Key Points: 
  • The parties have received unconditional approval from relevant competition authorities, including Brazil, China, Germany and Austria, and there are no outstanding regulatory conditions to complete the transaction.
  • The main conditions for Glencore to acquire 30 percent in the Brazilian alumina refinery, Hydro Alunorte and Hydro’s 5 percent interest in the Brazilian bauxite producer Mineracão Rio do Norte (MRN) together with Vale’s 40 percent stake in MRN have been fulfilled.
  • The transactions are expected to be completed within November 30 or December 1, 2023.

Norsk Hydro: Well positioned in declining markets, low-carbon aluminium gaining ground

Retrieved on: 
Friday, July 21, 2023
Carbon, TRI, Shanghai Metals Market, Housing, APM, CBAM, Hydroelectricity, Acquisition, Investment, Curtailment (electricity), NOK, Hydro, Policy, USD, MRN, Green Deal, Climate, Growth, Bauxite, Safety, Pressure, Mercedes-Benz, PAX, Health, EQE, Letter, PPA, EQS, Glass, Partnership, ETS, LME, EBIT, Recycling, Nikolayev, EBITDA, European Green Deal, Glencore, CO2, Cryptocurrency, Renewable energy, Aluminium, Lumber, DFM Guidelines for Hot Metal Extrusion Process, EU, Nordic

Demand for primary aluminium is declining in the short-term, while Chinese supply is returning, leading to the global primary balance weakening in recent months.

Key Points: 
  • Demand for primary aluminium is declining in the short-term, while Chinese supply is returning, leading to the global primary balance weakening in recent months.
  • A stronger market position through our greener aluminium product offering separates us from our peers and makes us attractive for partnerships,” says Aasheim.
  • A key pillar within the Hydro 2025 strategy to strengthen the position in low-carbon aluminium is recycling.
  • Hydro is gaining further ground on low-carbon aluminium, and achievements have been made across the value chain to meet the increasing demand for greener products.

Improving Flexibility & Participant Engagement for Oncology Patients, Upcoming Webinar Hosted by Xtalks

Retrieved on: 
Wednesday, June 14, 2023
Knowledge, Entrepreneurship, MRN, Patient, Family, Friends, Nursing

TORONTO, June 14, 2023 /PRNewswire-PRWeb/ -- What if an oncology patient lives far from their research site? Would the option to participate in a more flexible way bolster participant engagement?

Key Points: 
  • The featured speakers will discuss regulatory considerations for in-home oncology trial delivery and the benefits to the sponsor when recruiting oncology patients.
  • The flexibility to deliver care to patients where and when they want, helps sponsors conduct more patient-centric trials, giving the patients more options for participant engagement.
  • For oncology patients, this flexibility allows them to remain in their homes during a physically, mentally and emotionally exhausting time.
  • Join the experts as they share their knowledge and expertise on participant engagement and the realities of supporting oncology patients on their clinical trial journey.

Reviv3 Acquisition Corp., a Wholly Owned Subsidiary of Reviv3 Procare Signs Multi-Year Licensing Agreement with NASCAR

Retrieved on: 
Monday, May 15, 2023
Autumn, United States Army Acquisition Corps, Ear, Final good, Sirius XM, Innovation, NASCAR Cup Series, MRN, FS1, LOS, Radio, Caliente (Sirius XM), Mobile phone, NASCAR

LOS ANGELES, May 15, 2023 (GLOBE NEWSWIRE) -- Reviv3 Acquisition Corp., a wholly owned subsidiary of Reviv3 Procare (“Reviv3” or the “Company”) (OTCQB:RVIV), entered into a multi-year licensing agreement with NASCAR.

Key Points: 
  • New line of NASCAR-branded earbuds, earmuffs, hearing devices, ear plugs, and outdoor speakers to be sold in NASCAR venues and distribution channels
    LOS ANGELES, May 15, 2023 (GLOBE NEWSWIRE) -- Reviv3 Acquisition Corp., a wholly owned subsidiary of Reviv3 Procare (“Reviv3” or the “Company”) (OTCQB:RVIV), entered into a multi-year licensing agreement with NASCAR.
  • “We are thrilled to partner with NASCAR to bring our innovations to their passionate fan base,” said Wes Harris, Reviv3 Director of Innovation.
  • Fans can tune into the next NASCAR Cup Series race – the All-Star Open from North Wilkesboro Speedway – Sunday, May 21 at 6 p.m.
  • Tickets to North Wilkesboro and all other NASCAR races are available at www.nascar.com/tickets .

Norsk Hydro: Robust results, executing on strategy

Retrieved on: 
Friday, April 28, 2023
Lithium, Energi, Hydro, TRI, Shanghai Metals Market, Loss, Recycling, Trade union, EV, Bauxite, NHO, PAX, Strike, Annual, Health, Battery, Extrusion, Energy, LME, EBIT, Carbon, APM, USD, FLT, EVS, Share repurchase, Confederation of Vocational Unions, EBITDA, MRN, Acquisition, Investment, Risk, PCS, Glencore, CO2, Growth, Silicon, Transport, NOK, Safety, Renewable energy, Aluminium, Bank, Cryptocurrency, Video game, Arms industry, Nordic, Porsche, Industri Energi, European

“Hydro is delivering robust financial results and executing on our strategic objectives, despite volatile markets and weaker demand.

Key Points: 
  • “Hydro is delivering robust financial results and executing on our strategic objectives, despite volatile markets and weaker demand.
  • This 40 percent interest will be acquired by Hydro from Vale and immediately sold to Glencore on a back-to-back basis.
  • The transaction is an important step to deliver on Hydro’s strategy.
  • Hydro will continue to be long alumina, but now more balanced in relation to the demand from our aluminium smelter portfolio.

Norsk Hydro: Hydro and Glencore to become partners to further develop Alunorte

Retrieved on: 
Thursday, April 27, 2023
Bauxite, Metal, Citigroup, Part, Carbon, USD, Retirement, MRN, CBA, Latham & Watkins, Mining, Glencore, Rio Tinto, Aluminium, Bank, LNG

This 40 percent interest will be acquired by Hydro from Vale and immediately sold to Glencore on a back-to-back basis.

Key Points: 
  • This 40 percent interest will be acquired by Hydro from Vale and immediately sold to Glencore on a back-to-back basis.
  • Hydro invites to conference call today (Thursday, April 27) at 08:30 CEST (06:30 GMT) to provide further details on the transactions.
  • Alunorte remains a core strategic asset for Hydro and is a key source of low-carbon alumina supply to our primary aluminum smelters.
  • We look forward to becoming partners with Glencore, and their broad industrial experience within metals and mining, to further develop Alunorte,” says Aasheim.

Norsk Hydro: Invitation to conference call today 08:30 CEST

Retrieved on: 
Thursday, April 27, 2023
CFO, Webcast, Partnership, MRN, Q&A, Cryptocurrency, Glencore

Hydro will sell 30 percent of its alumina refinery, Alunorte, and its ownership in bauxite producer, Mineração Rio do Norte (MRN), to Glencore.

Key Points: 
  • Hydro will sell 30 percent of its alumina refinery, Alunorte, and its ownership in bauxite producer, Mineração Rio do Norte (MRN), to Glencore.
  • Hydro is inviting to a conference call today (Thursday, April 27) at 08:30 CEST (06:30 GMT) to provide further details on the transactions.
  • President and CEO, Hilde Merete Aasheim, and Executive Vice President and CFO, Pål Kildemo, will host a webcast in English.
  • To join the conference call and ask questions, register your details using this registration link .