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Norsk Hydro: Kock to head finance area in Bauxite & Alumina
OSLO, NORWAY, Jan 18, 2013 (MARKETWIRE via COMTEX) --
Subject to closing of the planned Sapa joint venture between Hydro
and Orkla, Executive Vice President of Extruded Products,
Hans-Joachim Kock, has been appointed Head of Finance in Hydro's
Bauxite & Alumina business area after Eivind Kallevik, who has
recently been appointed CFO in Hydro.
The announced transaction between Hydro and Orkla to create a global
extrusion
company is subject to approval from relevant competition
authorities.
*********
Certain statements included within this announcement contain
forward-looking information, including, without limitation, those
relating to (a) forecasts, projections and estimates, (b) statements
of management's plans, objectives and
strategies for Hydro, such as
planned expansions, investments or other projects,
(c) targeted
production volumes and costs, capacities or rates, start-up
costs,
cost reductions and profit objectives, (d) various
expectations about future
developments in Hydro's markets,
particularly prices, supply and demand and competition, (e) results
of operations, (f) margins, (g) growth rates, (h) risk
management, as
well as (i) statements preceded by "expected", "scheduled",
"targeted", "planned", "proposed", "intended" or similar statements.
Although we believe that the expectations reflected in such
forward-looking statements are reasonable, these forward-looking
statements are based on a number of assumptions and forecasts that,
by their nature, involve risk and uncertainty. Various factors could
cause our actual results to differ materially
from those projected in
a forward-looking statement or affect the extent to which a
particular projection is realized. Factors that could cause these
differences include, but are not limited to: our continued ability to
reposition
and restructure our upstream and downstream aluminium
business; changes in availability and cost of energy and raw
materials; global supply and demand for
aluminium and aluminium
products; world economic growth, including rates of inflation and
industrial production; changes in the relative value of
currencies
and the value of commodity contracts; trends in Hydro's
key markets and competition; and legislative, regulatory and
political factors.
No assurance can be given that such expectations will prove to have
been correct. Hydro disclaims any obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
This information is subject of the disclosure requirements pursuant
to section
5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants
that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Norsk Hydro via Thomson Reuters ONE
[HUG#1671398]
Investor contact
Contact Rikard Lindqvist
Cellular +47 41751199
E-mail Email Contact
Press contact
Contact Halvor Molland
Cellular +47 92979797
E-mail Email Contact
SOURCE: Norsk Hydro
http://www2.marketwire.com/mw/emailprcntct id=6CFCE5788D3E64FC
http://www2.marketwire.com/mw/emailprcntct id=965EF992DA491F26
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