| Business Summary | | Norsk
Hydro
ASA
(Hydro
or
the
Group)
was
organized
to
utilize
Norway's
large
hydroelectric
energy
resources
for
the
industrial
production
of
nitrogen
fertilizers.
Hydro's
core
areas
are
Oil
and
Energy,
Light
Metals
and
Agriculture.
Hydro
is
also
engaged
in
other
activities,
including
fish-farming
operations,
industrial
insurance
(through
the
Group's
wholly
owned
captive
insurance
company)
and
pharmaceuticals
(through
Pronova
AS,
a
wholly
owned
Norwegian
subsidiary).
Other
activities
include
Technology
and
Projects,
the
Group's
main
engineering
unit.
Corporate
includes,
among
other
things,
Hydro
Data,
a
provider
of
information
technology
services
to
Hydro's
operating
units;
Hydro
Finance,
the
Group's
central
financing
and
treasury
unit,
and
the
corporate
research
centers. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | NHY
operates
in
four
segments:
Agriculture
(fertilizers
and
related
products);
Oil
and
Gas
(explores,
develops,
and
markets
oil
and
gas);
Light
Metals
(produces
aluminum
and
magnesium);
and
Petrochemicals.
NHY
also
has
interests
in
Hydro
Seafood's,
Pronova
and
casualty
insurance.
For
six
months
ended
6/01,
revenues
rose
6%
to
NOK82.08
billion.
Net
income
rose
4%
to
NOK5.42
billion.
Results
reflect
higher
oil
and
gas
prices,
partially
offset
by
$865
million
in
write
offs. | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | Egil Myklebust | Chairman,
Pres | Liev Nergaard | Exec.
VP and CFO | Thorleif Enger | Exec.
VP | Eivind Reiten | Exec.
VP | Tore Torvund | Exec.
VP |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|