Norsk Hydro ASA
OSE:NHY
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NHY's latest stock split occurred on Jun 22, 2010
The company executed a 965-for-889 stock split, meaning that for every 889 shares held, investors received 965 new shares.
The adjusted shares began trading on Jun 22, 2010. This was stock split number 3 in NHY's history, following the previous one in May 10, 2006.
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Norsk Hydro ASA
Glance View
Norsk Hydro ASA is a Norwegian industrial company built around aluminum and power. It produces alumina, primary aluminum, rolled and extruded aluminum products, and it also develops and runs hydroelectric power plants. In simple terms, it takes bauxite and electricity, turns them into aluminum, and then processes that metal into shapes and products that other companies can use. Its main customers are manufacturers that need lightweight, durable metal for cars, buildings, packaging, power lines, and machinery. Hydro sells through long-term industrial supply relationships, and it earns money by selling aluminum, processed metal products, and energy. The business is tied to global industrial demand and to electricity costs, which are a major input in aluminum production. What makes Hydro different is that it sits at both the metal-making and power-supply parts of the chain. Own hydroelectric assets help support its aluminum operations, while its downstream plants turn basic metal into higher-value products for specific industrial uses. That mix gives the company a role not just as a raw-material producer, but also as a processor and supplier of finished aluminum solutions.
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