OSLO, NORWAY--(Marketwire - Jan 18, 2013) - Subject to closing of the planned Sapa jointventure between Hydro and Orkla,Executive Vice President of Extruded Products, Hans-Joachim Kock, has beenappointed Head of Finance in Hydro's Bauxite & Alumina business area afterEivind Kallevik, who has recently been appointed CFO in Hydro.
The announced transaction between Hydro and Orkla to create a globalextrusioncompany is subject to approval from relevant competition authorities.
Certain statements included within this announcementcontain forward-looking information, including, without limitation, thoserelating to (a) forecasts,projections and estimates, (b) statements of management's plans, objectivesandstrategies for Hydro, such as planned expansions, investments or otherprojects,(c) targeted production volumes and costs, capacities or rates, start-upcosts,cost reductions and profit objectives, (d) various expectations aboutfuturedevelopments in Hydro's markets, particularly prices, supply and demand andcompetition, (e) results of operations, (f) margins, (g) growth rates, (h)riskmanagement, 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-lookingstatements are reasonable, these forward-looking statements are based on anumber of assumptions and forecasts that, by their nature, involve risk anduncertainty. Various factors could cause our actual results to differmateriallyfrom those projected in a forward-looking statement or affect the extent towhich a particular projection is realized. Factors that could cause thesedifferences include, but are not limited to: our continued ability torepositionand restructure our upstream and downstream aluminium business; changes inavailability and cost of energy and raw materials; global supply and demandforaluminium and aluminium products; world economic growth, including rates ofinflation and industrial production; changes in the relative value ofcurrenciesand the value of commodity contracts; trends in Hydro's key markets andcompetition; and legislative, regulatory and political factors.
No assurance can be given that such expectations will prove to have beencorrect. Hydro disclaims any obligation to update or reviseany forward-looking statements, whether as a result of new information,future events or otherwise.
This information is subject of the disclosure requirements pursuant tosection5-12 of the Norwegian Securities Trading Act.
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Source: Norsk Hydro via Thomson Reuters ONE
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