Ford's first-half 2026 results raise an interesting question: how did the automaker almost double adjusted EBIT when revenue grew by less than 1 per cent? The answer lies less in selling more vehicles and more in what Ford sold, how it priced them and where it managed to reduce losses. At the same...
Hindalco subsidiary Novelis has expanded its aluminium rolling and recycling footprint through the continued commissioning of its Bay Minette greenfield site in Alabama and the restart of its Oswego hot mill in New York . The twin milestones propelled the company’s performance in the first quarter...
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Last week, Novelis Inc. announced the first quarter results of the financial year 2023-24 ended June 30, reporting a 19.61 per cent decline in net sales year-on-year from $5,089 million to $4,091 million, driven by lower average aluminium prices and reduced flat rolled products shipments, although...
Novelis Inc., a leading sustainable aluminium solutions provider and the world leader in aluminium rolling and recycling, and thyssenkrupp Materials Services, the biggest mill-independent materials distributor and service provider in the Western world with a distinctive portfolio of innovative...
A team of researchers led by Professor Matthew McDowell from the Georgia Institute of Technology (Georgia Tech) have developed an aluminium foil that may improve the performance of solid-state lithium battery cells. The discovery can also help electric vehicles perform better for longer distances...
On Tuesday, U.S. Senator Shelley Moore Capito (R-WV) visited Novelis, a facility specialising in aluminium rolling and recycling in Fairmont. Her stay was full of discussions with the company's leadership regarding policies related to recycling and tax, such as the Recycling Infrastructure and...
EOS GmbH is preparing to deliver its next high-strength aluminium alloy, the EOS Al5X1, this summer, recently demonstrated at the RAPID + TCT exhibition. This material was created due to EOS' new material screening strategy, which considers its clients' individual needs and application designs....
Novelis, an independent US-based subsidiary of Hindalco Industries and a leading producer of aluminium, is expected to face pressure on margins for at least the next two to three quarters due to weaker demand in the building and construction sector, reduced aluminium can stocking, and lower...
The worldwide usage of primary and recycled aluminium had increased by approximately 1.9%, reaching a net of 95.3 million tonnes in 2022. It is important to note that demand for recycled aluminium has steadily risen over the past decade. Beyond 2023, it is projected that the need for aluminium will...
As part of the UK government's £55m Industrial Fuel Switching Competition, the larger regional HyNet initiative, and the £1bn Net Zero Innovation Portfolio (NZIP), Novelis has been granted £4.6 million to carry out hydrogen burning experiments. The trial run will be conducted at Novelis' Latchford...
Novelis Inc. has made an exciting announcement regarding the construction of a solar park at their production site in Pieve Emanuele, Italy. With local authorities granting their final approval, the park will span over 28,000 square meters and is expected to commence generating electricity by the...
DTE, a company that provides support for decision-making in the metals production and manufacturing industry, has successfully raised US$10 million in a Series A2 round. This funding will be utilised to drive innovation and expand the company's global outreach. DTE is grateful for the support of...
Novelis Inc., the global leader of flat-rolled aluminium products and recycler of aluminium, will provide aluminium can sheets for The Coca-Cola Company's family of iconic brands to Coca-Cola's approved North American bottlers under the new long-term agreement. Alcoa's Casting House, located in...
Novelis Inc., the world's leading aluminium flat-rolled producer and recycler, has signed a new long-term contract with Coca-Cola Bottlers' Sales & Services Co (CCBSS), the contractual agent for Coca-Cola Co.'s authorised North American bottlers. Under this agreement, Novelis will provide...
Ball Corporation has publicised its recent collaboration with Novelis and Penske Logistics with a social media post. The trio would replace single-use plastic cups with Ball's aluminium cups at all Indianapolis Motor Speedway events in 2023. The lightweight aluminium cup, courtesy Ball Corporation...
During Q1 of 2023, Italian machine tool manufacturers experienced decreased order intake in domestic and foreign markets. The Economic Studies Department & Business Culture Centre of UCIMU-SISTEMI PER PRODURRE reported a 23.7% decline in machine tool orders, with an index score of 125.1. However,...
Driven by its purpose of shaping a sustainable world together, Novelis Inc., on May 22nd, announced the start-up of its new roll-forming development line. The latest development line will support Novelis in meeting industry demand for a process that can produce large volumes of high-strength...
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Aluminium Stewardship Initiative has reportedly certified Novelis Aluminium (Zhenjiang) Co., Ltd against Chain of Custody (CoC) Standard V2 (2022) Certification. Novelis has received recognition for its rolling facility in the Jingkou Industrial Zone, Jiangsu Province, China. Novelis Jiangsu...
The downstream sector has seen temporal waves this week, with the Zurich Cantonal Bank lowering its stake in Kaiser Aluminium Co. by 28.8 per cent in 4Q 2022 and Novelis marking a 27% fall in FY 4Q 2023. SRF, the Indian multi-business chemical conglomerate, announced the construction of an...
Novelis, the world’s leading flat-rolled aluminium producer and aluminium recycler, announced its fourth quarter and full year results of FY2022-23 ended March 31. The company noted that its net income attributable to common shareholders in Q4 FY2023 was $156 million, down by 27 per cent from $215...
