Tomago, New South Wales

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.

WesTrac and Palantir Renew Australian Partnership for Five Years

Retrieved on: 
Thursday, August 3, 2023
Partnership, AIP, Tomago, New South Wales, Digital twin, WesTrac, PLTR, Mining, AI, Commercial, ROI, NYSE, Software, Online shopping, Palantir, NSW, Foundry

DENVER and PERTH, Australia, Aug. 3, 2023 /PRNewswire/ -- Palantir Technologies Inc. (Palantir, NYSE: PLTR) and WesTrac Pty Ltd, one of the world's largest Caterpillar® dealers and leading provider of heavy mobile equipment and aftermarket services to the Australian mining and construction sectors, today announced a multi-year enterprise expansion of their partnership, which first began in 2021, to deploy Foundry across core operations. The expanded partnership will initially focus on deploying Foundry across WesTrac's Component Rebuild Centres and to Inventory Management teams, to drive greater overall efficiency and customer delivery for WesTrac. 

Key Points: 
  • The expanded partnership will initially focus on deploying Foundry across WesTrac's Component Rebuild Centres and to Inventory Management teams, to drive greater overall efficiency and customer delivery for WesTrac.
  • "Implementing Foundry has delivered a strong initial return on investment, and we anticipate the five-year expansion of our partnership with Palantir will enhance ROI and enable more data driven decisions.
  • WesTrac is committed to providing world class products and services to our customers by ensuring operations are supported by the latest technology, which is why we are pleased be extending our partnership with Palantir."
  • In addition to Foundry, WesTrac plans to explore AI solutions leveraging a suite of software including Palantir's new Artificial Intelligence Platform (AIP).