In may, a new milestone for Norsk Hydro.
Then open the company a new production line to over a billion at the Grevenbroich plant in Germany, which will produce parts for the automotive industry.
This can be a new vekstmaskin for the company. Norsk Hydro can make more money in this market than otherwise, because it is better paid.
When it comes to car, there is a segment where there are very advanced products requiring more technology and expertise, so we get paid more in the market, ” says Hydro president and ceo Svein Richard Brandtzæg to E24.
Aluminiumsprodusenten increased net income in the fourth quarter compared with a year earlier, partly because of higher prices for aluminum. The company has also managed to streamline more than expected.
Read more: Norsk Hydro promises the result
the Company plans to cut costs by 2.9 billion by 2019, and took nok 1.4 billion of this in the last year, 300 million more than planned.
– We are where we should be, ” says Brandtzæg.
Norsk Hydro promises the result
Automotive increases
global consumption of aluminium has increased considerably in the last decade, from around 40 million tonnes in 2008 to around 60 million tonnes now, according to figures from the CRU. Hydro is expecting an increase of between 3 and 5 per cent in the year, and 2-3 per cent in the years ahead.
Some of this increase comes from the automotive industry. The share of aluminium in cars can increase up to 30 per cent in the next ten years, according to a study analysefirmaet Ducker Worldwide has made for the European Aluminium.
It’s that combined have talked about for many years, and it’s happening now, ” says Brandtzæg.
We have expected that the automotive industry should make use of more aluminum, we saw that the cars need to be easier. Especially when there are more electric cars with heavy batteries, it is important to get down the weight. The automotive industry is now concerned about is that they should reduce their emissions and have less fuel consumption, ” he says.
environmental focus, and lighter cars: Klimakrav can give upturn for Hydro
Ford uses more
Something of the driving force behind the increasing amount of aluminum in vehicles is stricter klimakrav, as the Eu’s requirement for maksutslipp of 95 grams of CO₂ per kilometre in 2021. The united STATES is scheduled to also make vehicle fleets more efficient in the next decade.
Read also: Klimakrav can give upturn for Hydro
When Ford this week introduced a new Ford Expedition, it was with a larger proportion of aluminum helps to cut the car’s weight by 136 kg.
CUTTER WEIGHT: This week was the new Ford Expedition are presented. The vehicle contains more aluminum than before, which reduces the weight. Thus, it accommodates more equipment without that the weight increases.
Also the company’s big seller the F-150 has a large proportion of aluminium, which the car manufacturer sells as “military grade”.
Other cars that have cut the weight by using lettmetallet aluminum is the Audi A6 and BMW 5-series.
– strategic
Hydro said Thursday that margins have fallen in the company’s segment rolled products. It is one of the reasons that the company has decided to concentrate more on the automotive industry.
– Precisely this is the background that we build out new automotive capacity in the Germany, just to participate in the “high grading”-the areas of our, where we get higher margins on the production of our. So therefore, it is a very important strategic move for us, ” says cfo Eivind Kallevik to E24.
When Hydro chooses to increase production in this area from 50,000 tons per year to 200,000 tons per year through an additional line in the Mornings, so is it because the margins are good, ” he says.
– Increasingly complex products in ever-closer development with the customers is one of the ways to solve this marginpresset, ” says Kallevik.
the Amount of aluminum in european cars can increase from 150 kg per car to 200 kg per car by 2025, says Ducker WorldWide, who believe growth can be at around 110 per cent in rolled products.
Rolled products is flatrullete products of aluminium foil, tapes, or discs. Specific examples are aluminum foil and aluminum plates used in cars.
Hydro will invest 24 billion in four years
Is ahead of schedule
The new line at the Grevenbroich plant opens in may, and Hydro is located in front of the form.
– It is in the route, and we produce the aluminium to the car every single day. But now we are inside the period where the automakers should qualify the products from us, ” says Brandtzæg.
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When we go into a new production line, it must be qualified with each and every customer, and it goes according to plan, ” he says.
the Company has also invested in new støpeteknologi in Årdal and Høyanger, so that the facilities can provide more advanced alloys than in the past and satisfy the requirements of the automotive industry. Also in Sunndalsøra are produced for the automotive industry.
And we have added about the production is also on Karmøy island, with new equipment that allows us to deliver an increasing amount of aluminum to the car, ” says Brandtzæg.
WEAKER RATES: Norsk Hydro took steps to cut costs and become more efficient after the financial crisis, and is now investing in upgraded products that provide a better price. This is the price of aluminum from 2008 to 2016.
Norsk Hydro began to cut costs immediately after the financial crisis. Then fell aluminiumsprisen, and it was lying on a lower level than in the past. Together with more advanced products hope Hydro that the improvements contribute to profitable operation.
Whether it is good days or bad days, so one must always think about to be the most effective. This is a cyclical industry, ” says Kallevik.
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