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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The continuous upsurge in aluminium prices and disorder in global bauxite supply has attracted investors keen towards integrated aluminium producers such as Hindalco. The diversified financial services company engaged in investment banking and capital markets, asset management and direct investing,...
On Wednesday, September 8, Novelis Inc., the world leader in aluminum rolling and recycling, declared that it expanded its research partnership with the Georgia Institute of Technology (Georgia Tech) Novelis Innovation Hub, aiming at enhancing materials and process research to help Novelis build a...
Alumobility, a global ecosystem of leading aluminium and downstream technology partners that support automotive manufacturers in creating lighter, safer, smarter and more sustainable vehicles, has announced that it has welcomed ARO, Atlas Copco and Sika as new members. They are the experts in...
The aluminium downstream segment is considered as the major player of the global aluminium industry, however, this week it remained modest from the other segments of the value chain eventually. The Aditya Birla Group-owned Novelis Inc. declared the conclusion of its $150 million investment to...
On 12 th August 2021, the world leader in aluminium rolling and recycling, Novelis Inc. announced the completion of its $150 million investment to enlarge both rolling and recycling capacity at its Pindamonhangaba plant in Brazil by 100 kilotonnes each. The annual production capacity at this...
The global downstream aluminium sector remained in the front foot during this week. The June Quarter and H1 results are getting on-boarded and almost each and every company is booking profit with a record rise in revenue rooted to the worldwide surge in aluminium prices. The American Industrial...
On 6 th August 2021, the flagship metal arm of Aditya Birla Group, Hindalco Industries stated that the company has reported an all-time high consolidated Q1 net profit at INR 2,787 crore, as compared to a loss of INR 709 crore in Q1FY21. The company further said that the results were navigated by a...
On 4 th August 2021, the subsidiary of Aditya Birla Group’s Hindalco Industries’, Novelis Inc., the world leader in aluminium rolling and recycling, reported net income attributable to its common shareholder of $240 million in the Q1 FY2022 compared to a net loss of $79 million in the prior-year...
The aluminium end-user segment remained in the spotlight due to the investment announcements of the two big shots. Novelis is investing more than $7 million to recruit 37 new employees and resumes several pieces of idled equipment at its manufacturing facility in Terre Haute, Indiana. The world’s...
On 27th July 2021, the global leader in aluminium rolling and recycling, Novelis is investing more than $7 million to recruit 37 new employees and resumes the several pieces of idled equipment at its manufacturing facility in Terre Haute, Indiana. The plant with this expansion will produce...
Novelis plant in Yeongju, Korea, has bagged the ASI Performance Standard certification for recycling, re-melting, and manufacturing of aluminium coil and sheet activities. This news came after Aluminium Stewardship Initiative announced that it successfully certified Novelis Korea Limited plant at...
Ulsan Aluminum Limited has joined ASI as new Production and Transformation member, bringing the total number of ASI Members to 173. The company is a joint venture between Novelis and Kobe Steel. “Joining ASI and working to receiving ASI certifications for both the Performance Standard and the Chain...
Novelis’ Shanghai Customer Solution Center (CSC) has signed a non-binding memorandum of understanding (MOU) with Tsinghua University Suzhou Automotive Research Institute (TSARI) to to drive research and development of aluminium products and solutions to promote a low carbon, sustainable future....
Novelis, the world leader in aluminium rolling and recycling, has announced today, May 28, that it will supply sustainable, lightweight aluminium body sheet to Nissan for the all-new Qashqai SUV and create a closed-loop recycling system in Europe. Novelis aluminium body sheet will be used in the...
The Indian aluminium and copper manufacturing company, Hindalco industries registered a whopping 189% Y-o-Y growth in consolidated profit at INR 1,928 crore in the March 2021 quarter, powered by Novelis and India aluminium business. In Q4FY21, the consolidated revenue was at INR 40,507 crore,...
Novelis announced net income attributable to its common shareholder of $176 million in the fourth quarter of fiscal year 2021, and net income from continuing operations of $180 million, with a year-on-year increase of 179 percent and 186 percent, respectively. For the full fiscal, net income...
Novelis is showcasing its portfolio of cutting-edge automotive aluminium at Auto Shanghai 2021. The company is aiming to implement China’s first world-class closed-loop recycling system in Zhenjiang, to meet customers’ sustainability targets. “China’s national strategy of “Carbon Neutrality by...
Novelis announced that aluminium manufacturing facilities in Europe has received the Performance Standard and Chain of Custody Certification by the Aluminium Stewardship Initiative (ASI). The certification of seven European plants in Sierre, Switzerland; Göttingen, Nachterstedt Recycling,...
