Status for Covid-19

The Covid-19 situation continues to affect the global economy and demand for the products and services on many markets. HMR is continuously assessing and adapting to the changing market situation. While the situation is leading to reduced production and temporary layoffs at some of HMR’s companies, others are not so effected.

For example, HMR Hydeq has a solid order situation of close to NOK 200 million for delivery over the next three years. Of course, the aluminium market on which HMR Hydeq is mostly operating is under an impact of considerable uncertainty, drop of prices and cost reduction programs. Investments as for example ramp-up of Hydro Husnes aluminium plant, Norway, are being postponed and it will naturally have considerable consequences for the suppliers.

Therefore, HMR’s priorities are to continuously adjust ourselves to Covid-19 situation, concentrate on the improvement measures within our own organisation and safeguard the health and safety of our employees and the communities by following the measures imposed on by the health authorities and our own HSE/QA systems.