Norsk Hydro to Increase Capex and Cut Costs in 2022

 

 

 

 

Norwegian aluminum producer Norsk Hydro announced plans to increase its capital expenditures and further reduce costs in 2022. The company aims to invest in new projects and upgrades to strengthen its position in the market. Norsk Hydro has been implementing cost-cutting measures over the past few years to improve profitability and increase competitiveness. By raising its capital expenditures, the company seeks to invest in technological advancements and sustainability initiatives. These efforts are in line with the global push for a greener and more sustainable future. It is encouraging to see companies like Norsk Hydro taking proactive steps to invest in cleaner technologies and reduce their environmental footprint.

 

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