Norsk Hydro
oslo : NHY

June 12, 2013 02:15 ET

Norsk Hydro: Hydro issues force majeure notice due to power outages at Alunorte

OSLO, NORWAY--(Marketwired - Jun 12, 2013) - Hydro issued a notice of force majeure to its alumina customers on Wednesday as power outages and lowered production at Alunorte alumina refinery may affect alumina deliveries to customers. It is currently not possible to determine or estimate whether and how deliveries to customers will be affected.

Norsk Hydro ASA's partly-owned Alunorte alumina refinery in Brazil has recently experienced power outages resulting in disruption to production. On 18 May 2013, Alunorte experienced a black-out in its electrical power supply system due to unexpected external events and as a consequence Alunorte suffered a partial electrical power outage. On 2 June 2013, while in the process of stabilizing and resuming production, Alunorte experienced another, shorter black-out caused by an unrelated, external event. The events have caused disruption to Alunorte's production of alumina. Alunorte has not been able to resume full production.

Alunorte production will be lower in the second quarter than levels observed in the first quarter, and expected to remain unsatisfactory also for the rest of the year. As a general measure, Hydro has established a team of experts aiming to stabilize and increase production at the refinery.

Alunorte has a nameplate capacity of 6.3 million tonnes and is the world's largest alumina refinery.

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Source: Norsk Hydro via Thomson Reuters ONE


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