Norsk Hydro, one of the world’s largest aluminium producers, aims to get its cost-cutting efforts back on track after major operational setbacks in the last year-and-a-half, its chief executive said on Tuesday.
The company’s new goal is to boost earnings by 6.4-billion crowns ($707.56-million) over the next five years, said Hilde Merete Aasheim, who took the helm at Norway’s Hydro in May.