OSLO (dpa-AFX) - Norsk Hydro AS (NHYDY.PK, NHY) Wednesday announced that it will write down the value of certain fixed assets by approximately NOK 1.3 billion, affecting its fourth-quarter 2011 results. The company stated that the impairments are a result of a weakening in certain markets and low prices, in combination with raw material and currency pressures.
Norsk Hydro further noted that it continues to implement significant corrective measures to address the challenges in the affected businesses.
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