Norsk Hydro, a Norwegian aluminum and renewable energy company, stated that it was cutting costs and investments due to impact by the novel coronavirus outbreak, as well as to delay to announce its decision whether to pay dividends in 2019.
In addition, Norsk Hydro also postponed its plan to restart the production of 95,000 tons of aluminum at its Husnes plant in Norway, and it will be started no earlier than the third quarter of 2020.
It was understood that Norsk Hydro had a plan to cut 25% of its capital expenditure at the rest of 2020.
Norsk Hydro cuts investment & delays dividends due to coronavirus breakout
6 Apr 2020 13:07 reported by Joy Liu
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