Norsk Hydro: Update - Power failure at Albras causes shutdown of 25% of capacity

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.

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

FAQ

What happened at Hydro's Albras aluminium plant on February 19?

One of the production lines was shut down due to an internal power distribution failure.

When does Hydro expect to restart operations at the Albras plant?

Hydro expects to restart the first pots in early Q2 2022 and resume normal operations by Q4 2022.

What is the impact of the shutdown on Hydro's production?

The shutdown could significantly affect production capacity and revenue until operations are fully restored.

How is Hydro addressing the shutdown at Albras?

The Albras organization is investigating the cause of the incident and preparing for repairs.