Twitter

Link your Twitter Account to Market Wire News


When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.


Be alerted of any news about your stocks and see what other stocks are trending.



home / news releases / NHYDY - Norsk Hydro: Update on cyber attack April 5


NHYDY - Norsk Hydro: Update on cyber attack April 5

During the week, Hydro has achieved good progress towards normalizing operations after the cyber attack, which struck Hydro on March 19.

In terms of production output, most operations are back to normal or near normal levels. The cyber attack has, however, caused delays to certain administrative processes, including systems for reporting, billing and invoicing.

“The process to recover safely from this sophisticated attack is complex and time-consuming. We are making good progress, but it will take time to get fully back to normal IT operations,” says Hydro’s Chief Financial Officer, Eivind Kallevik.

“Throughout this difficult period, our suppliers, customers and business partners have shown a great deal of understanding and patience. For that, we are grateful, and I can ensure our partners that we are doing all we can to get back to normal as soon as possible,” says Kallevik.

Hydro’s primary objective remains to return to normal operations in a safe and secure manner, and limit any further impact on customers, suppliers and other partners.

Update on operational status in the business areas:

Energy: Production running as normal

Bauxite & Alumina: Production running as normal

Primary Metal: Production running as normal, with higher degree of manual operation

Rolled Products: Production running as normal, with higher degree of manual operation

Extruded Solutions: Close to normal operations but still a lot of workarounds and local variations from plant to plant. Production in the three business units Extrusion Europe, Extrusion North America and Precision Tubing currently running at an average output of around 90 percent. In the Building Systems unit operations are currently at around 75 percent.

Investor contact
Stian Hasle
+47 97736022
Stian.Hasle@hydro.com

Press contact
Halvor Molland
+47 92979797
Halvor.Molland@hydro.com

Stock Information

Company Name: Norsk Hydro ASA ADR
Stock Symbol: NHYDY
Market: OTC
Website: hydro.com

Menu

NHYDY NHYDY Quote NHYDY Short NHYDY News NHYDY Articles NHYDY Message Board
Get NHYDY Alerts

News, Short Squeeze, Breakout and More Instantly...