Ã…rdal Og Sunndal Verk
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Ã…rdal Og Sunndal Verk
Årdal og Sunndal Verk or ÅSV is a defunct Norwegian state owned company that operated the aluminium plants in Årdal Municipality, Sunndal Municipality, Høyanger Municipality and Holmestrand Municipality. The company was established to take advantage of the hydro-electric power plants in the respective municipalities to create aluminium plants. The company was founded in 1947 to continue the unfinished production of the Årdal plant started by the German occupational forces during World War II. In 1954 construction on the Sunndal plant started. The company was merged with Norsk Hydro Norsk Hydro ASA (often referred to as just ''Hydro'') is a Norway, Norwegian aluminium and renewable energy company, headquartered in Oslo. It is one of the largest aluminium companies worldwide. It has operations in some 50 countries around th ... in 1986 to create the light metal division Hydro Aluminium. References Formerly government-owned companies of Norway Manufacturing com ...
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Merger
Mergers and acquisitions (M&A) are business transactions in which the ownership of a company, business organization, or one of their operating units is transferred to or consolidated with another entity. They may happen through direct absorption, a merger, a tender offer or a hostile takeover. As an aspect of strategic management, M&A can allow enterprises to grow or downsize, and change the nature of their business or competitive position. Technically, a is the legal consolidation of two business entities into one, whereas an occurs when one entity takes ownership of another entity's share capital, equity interests or assets. From a legal and financial point of view, both mergers and acquisitions generally result in the consolidation of assets and liabilities under one entity, and the distinction between the two is not always clear. Most countries require mergers and acquisitions to comply with antitrust or competition law. In the United States, for example, the Clayt ...
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Hydro-electricity
Hydroelectricity, or hydroelectric power, is electricity generated from hydropower (water power). Hydropower supplies 15% of the world's electricity, almost 4,210 TWh in 2023, which is more than all other renewable sources combined and also more than nuclear power. Hydropower can provide large amounts of low-carbon electricity on demand, making it a key element for creating secure and clean electricity supply systems. A hydroelectric power station that has a dam and reservoir is a flexible source, since the amount of electricity produced can be increased or decreased in seconds or minutes in response to varying electricity demand. Once a hydroelectric complex is constructed, it produces no direct waste, and almost always emits considerably less greenhouse gas than fossil fuel-powered energy plants.
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Manufacturing Companies Disestablished In 1986
Manufacturing is the creation or production of goods with the help of equipment, labor, machines, tools, and chemical or biological processing or formulation. It is the essence of the secondary sector of the economy. The term may refer to a range of human activity, from handicraft to high-tech, but it is most commonly applied to industrial design, in which raw materials from the primary sector are transformed into finished goods on a large scale. Such goods may be sold to other manufacturers for the production of other more complex products (such as aircraft, household appliances, furniture, sports equipment or automobiles), or distributed via the tertiary industry to end users and consumers (usually through wholesalers, who in turn sell to retailers, who then sell them to individual customers). Manufacturing engineering is the field of engineering that designs and optimizes the manufacturing process, or the steps through which raw materials are transformed into a final prod ...
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Aluminium Companies Of Norway
Aluminium (or aluminum in North American English) is a chemical element; it has symbol Al and atomic number 13. It has a density lower than that of other common metals, about one-third that of steel. Aluminium has a great affinity towards oxygen, forming a protective layer of oxide on the surface when exposed to air. It visually resembles silver, both in its color and in its great ability to reflect light. It is soft, nonmagnetic, and ductile. It has one stable isotope, 27Al, which is highly abundant, making aluminium the 12th-most abundant element in the universe. The radioactivity of 26Al leads to it being used in radiometric dating. Chemically, aluminium is a post-transition metal in the boron group; as is common for the group, aluminium forms compounds primarily in the +3 oxidation state. The aluminium cation Al3+ is small and highly charged; as such, it has more polarizing power, and bonds formed by aluminium have a more covalent character. The strong af ...
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Manufacturing Companies Established In 1946
Manufacturing is the creation or production of goods with the help of equipment, labor, machines, tools, and chemical or biological processing or formulation. It is the essence of the secondary sector of the economy. The term may refer to a range of human activity, from handicraft to high-tech, but it is most commonly applied to industrial design, in which raw materials from the primary sector are transformed into finished goods on a large scale. Such goods may be sold to other manufacturers for the production of other more complex products (such as aircraft, household appliances, furniture, sports equipment or automobiles), or distributed via the tertiary industry to end users and consumers (usually through wholesalers, who in turn sell to retailers, who then sell them to individual customers). Manufacturing engineering is the field of engineering that designs and optimizes the manufacturing process, or the steps through which raw materials are transformed into a final pro ...
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Light Metal
A light metal is any metal of relatively low density. These may be pure elements, but more commonly are metallic alloys. Lithium and then potassium are the two lightest metallic elements. Magnesium, aluminium and titanium alloys are light metals of significant commercial importance. Their densities of 1.7, 2.7 and 4.5 g/cm3 range from 19 to 56% of the densities of other structural metals,Polmear I 2006, ''Light Alloys: From Traditional Alloys to Nanocrystals,'' 4th ed., Butterworth Heinemann, Oxford, , p. 1 such as iron (7.9) and copper (8.9). See also * Heavy metals upright=1.2, Crystals of lead.html" ;"title="osmium, a heavy metal nearly twice as dense as lead">osmium, a heavy metal nearly twice as dense as lead Heavy metals is a controversial and ambiguous term for metallic elements with relatively h ... * List of elements by density References {{DEFAULTSORT:Light Metal Sets of chemical elements Metals ...
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Merger
Mergers and acquisitions (M&A) are business transactions in which the ownership of a company, business organization, or one of their operating units is transferred to or consolidated with another entity. They may happen through direct absorption, a merger, a tender offer or a hostile takeover. As an aspect of strategic management, M&A can allow enterprises to grow or downsize, and change the nature of their business or competitive position. Technically, a is the legal consolidation of two business entities into one, whereas an occurs when one entity takes ownership of another entity's share capital, equity interests or assets. From a legal and financial point of view, both mergers and acquisitions generally result in the consolidation of assets and liabilities under one entity, and the distinction between the two is not always clear. Most countries require mergers and acquisitions to comply with antitrust or competition law. In the United States, for example, the Clayt ...
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World War II
World War II or the Second World War (1 September 1939 – 2 September 1945) was a World war, global conflict between two coalitions: the Allies of World War II, Allies and the Axis powers. World War II by country, Nearly all of the world's countries participated, with many nations mobilising all resources in pursuit of total war. Tanks in World War II, Tanks and Air warfare of World War II, aircraft played major roles, enabling the strategic bombing of cities and delivery of the Atomic bombings of Hiroshima and Nagasaki, first and only nuclear weapons ever used in war. World War II is the List of wars by death toll, deadliest conflict in history, causing World War II casualties, the death of 70 to 85 million people, more than half of whom were civilians. Millions died in genocides, including the Holocaust, and by massacres, starvation, and disease. After the Allied victory, Allied-occupied Germany, Germany, Allied-occupied Austria, Austria, Occupation of Japan, Japan, a ...
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Occupation Of Norway By Nazi Germany
The occupation of Norway by Nazi Germany during the Second World War began on 9 April 1940 after Operation Weserübung. Conventional armed resistance to the German invasion ended on 10 June 1940, and Nazi Germany controlled Norway until the capitulation of German forces in Europe on 8 May 1945. Throughout this period, a pro-German government named '' Den nasjonale regjering'' ('the National Government') ruled Norway, while the Norwegian king Haakon VII and the prewar government escaped to London, where they formed a government in exile. Civil rule was effectively assumed by the Reichskommissariat Norwegen (Reich Commissariat of Norway), which acted in collaboration with the pro-German puppet government. This period of military occupation is, in Norway, referred to as the "war years", "occupation period" or simply "the war". Background Having maintained its neutrality during the First World War (1914–1918), Norwegian foreign and military policy since 1933 was largely in ...
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Holmestrand Municipality
is a List of municipalities of Norway, municipality in Vestfold, Norway. It is located in the Traditional districts of Norway, traditional district of Jarlsberg. The administrative centre of the municipality is the Holmestrand (town), town of Holmestrand. Some of the notable villages in Holmestrand include Eidsfoss, Eikeberg, Gullhaug, Vestfold, Gullhaug, Hof, Vestfold, Hof, Klever, Norway, Klever, Sande, Vestfold, Sande, Selvik, and Sundbyfoss. The municipality is the 228th largest by area out of the 357 municipalities in Norway. Holmestrand is the 45th most populous municipality in Norway with a population of 26,872. The municipality's population density is and its population has increased by 19% over the previous 10-year period. General information The kjøpstad of Holmestrand was established as a municipality on 1 January 1838 (see formannskapsdistrikt law). In 1942, an area of neighboring Botne Municipality (population: 148) was transferred into the growing town of Holm ...
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Norsk Hydro
Norsk Hydro ASA (often referred to as just ''Hydro'') is a Norway, Norwegian aluminium and renewable energy company, headquartered in Oslo. It is one of the largest aluminium companies worldwide. It has operations in some 50 countries around the world and is active on all continents. The Government of Norway, Norwegian state owns 34.3% of the company through the Ministry of Trade and Industry (Norway), Ministry of Trade, Industry and Fisheries. A further 6.5% is owned by Folketrygdfond, which administers the Government Pension Fund of Norway. Norsk Hydro employs approximately 35,000 people. Eivind Kallevik has been the CEO since May, 2024, following Hilde Merete Aasheim. Rune Bjerke has been the Chairman since 2024 and Magnus Aakvaag (the grandson of former CEO Torvild Aakvaag) serves as a strategic advisor. Hydro had a significant presence in the petroleum, oil and natural gas, gas industry until October 2007, when these operations were merged with History of Statoil (1972â ...
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