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Hydro Annual Report 2011b

Hydro Annual Report 2011b

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Capital employed - – upstream focus<br />

December 31, 2011: 83 460 MNOK<br />

3%<br />

9%<br />

38%<br />

6% 3%<br />

41%<br />

6,133<br />

Underlying EBIT 2011<br />

Bauxite & Alumina<br />

Primary Metal<br />

Metal Markets<br />

Rolled Products<br />

Extruded Products<br />

Energy<br />

NOK MILLION<br />

BusIness DesCrIptIon<br />

Edit... Index<br />

21<br />

01:<br />

Business description<br />

Operating segments p.22<br />

History and development p.23<br />

Business and operating<br />

information p.24<br />

Regulation and taxation p.46<br />

Other information p.48<br />

QuICK overvIew<br />

<strong>Hydro</strong> is a fully integrated, leading worldwide supplier of alumina,<br />

primary aluminium, aluminium casthouse products and fabricated<br />

aluminium products.<br />

We have substantial interests in bauxite and alumina including one<br />

of the world’s largest bauxite mines and the world’s largest and<br />

one of the most cost efficient alumina refineries, both located in<br />

Brazil. We operate or are partners in modern, cost-efficient primary<br />

metal production facilities in Europe, Canada, Australia, Brazil and<br />

Qatar, and in flexible remelting plants in a range of countries in<br />

Europe, the U.S. and Asia.<br />

We are an industry leader for a range of downstream products and<br />

markets, in particular the building, packaging, lithographic and<br />

automotive sectors. We supply high-quality, value-added<br />

aluminium products and solutions, and have strong positions in<br />

markets that provide opportunities for good financial returns.<br />

With more than 100 years of experience in hydropower, <strong>Hydro</strong> is<br />

the second-largest power producer in Norway, and the largest<br />

privately owned producer.

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