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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Novelis Inc. has revealed its new sustainability targets, announcing that it aims at becoming a carbon-neutral company by 2050 or sooner and wants to reduce carbon footprint by 30 per cent by 2026. By the same year, Novelis also targets to reduce landfills waste by 20 per cent and lowers energy...
On 17 th February 2021, the global leader in aluminium rolling and recycling, Novelis Inc. has unveiled its strongest automotive aluminium product to date, Novelis AdvanzTM 7UHS-s701. The technologically advanced, ultra-high-strength material is now available commercially to the global automotive...
On 10 th February 2021, the metals Flagship Company of Aditya Birla Group, Hindalco Industries reported a consolidated profit after tax at INR 1,877 crore for the Q3 ended 31 st December’20, which is up by 77% Y-o-Y and 385% consecutively. Hindalco posted a consolidated profit of INR 1,062 crore in...
On Wednesday, February 3, Novelis Inc., the world leader in aluminium rolling and recycling, reported a net income attributable to common shareholder of $176 million in the third quarter of the financial year 2020-21, up 64 per cent year-on-year. The company’s net income from continuing operations...
On Wednesday, January 27, global aluminium rolled products manufacturer Constellium and American industrial aluminium company Novelis announced the launch of Alumobility, a non-profit organisation to provide innovative, implementation-ready solutions for advancing the adoption of aluminium...
Sachin Satpute is President of Novelis Asia and Senior Vice President of Novelis Inc. since 1st June, 2016. In this role, he is responsible for leading the overall business strategy and P&L of Novelis’ Asia Pacific business, which includes sales to the automotive, beverage can and specialty product...
On 22 nd January 2021, the global leader in aluminium rolling and recycling, Novelis Inc., has publicized the name of Chris Courts as Senior Vice President and General Counsel, Corporate Secretary and Compliance Officer. In this role, Courts will have responsibility for all legal matters across the...
Indian business tycoon Kumar Mangalam Birla, the owner of $48 billion Aditya Birla Group has an interesting thought on how the recovery of the Indian economy is being distinguished, as per his view “markets are euphoric and economists are pessimistic.” The thinking which has come from one of the...
Novelis Inc. has received three influential industry awards for its Novelis Advanz™ 6HS-s615 aluminium alloy. The three awards include “2020 China Automobile & Parts Industry Developing & Innovation Award” issued by Automobile and Parts, “2020 Lingxuan Innovation Award” enacted by Auto Business...
On 10 th November’20, the world's largest aluminium rolling company and among the biggest producers of primary aluminium in Asia, Hindalco, posted a 60% year-on-year slump in consolidated net profit at INR 387 crore for the quarter ended September 30 after considering net loss from running and...
Novelis’s net loss stood at $37 million, down 130 percent versus the prior year due to a $181 million net loss associated with discontinued operations. Net income rose 17 percent year-on- year to $144 million for the second quarter of fiscal year 2021. Excluding tax-effected special items in both...
Novelis Brazil has selected Danieli Centro Combustion for the supply of a new pit furnace to heat ingots, to be installed at the Pindamonhangaba plant, Brazil. The purpose of the new facility is to heat the aluminium ingots more than 20% faster than the existing facilities. The furnace will load 2...
Novelis Inc., the world leader in aluminium rolling and recycling, on 17 th August’20, declared that it has partnered with Nespresso, the pioneer of premium portioned coffee, to roll-out the first coffee capsule made from 80% recycled aluminium. The highly recycled, a sustainable alloy is featured...
Novelis Inc., the world leader in aluminium rolling and recycling, has reported the first-quarter results of fiscal 2021 ended June 30, mentioning a net loss of $61 million from continuing operations, down 148 per cent year-on-year. The company’s net income totalled $22 million during Q1 FY2021,...
Hindalco Industries, a subsidiary of the Aditya Birla Group, closed the financial year 2019-20 (FY20) with 31% downturn in its consolidated net profit at INR 3,767 crore as compared to INR 5,495 crore in the preceding fiscal. The consolidated revenue from operation drops by 9% to INR 1.18 lakh...
Aditya Birla Group as the owner of Hindalco and, therefore, Novelis secured its position as the world’s largest producer of value-added aluminium products with the completion of the $ 2.8 billion acquisition of Aleris in 2019, though the approval from the U.S. Justice Department has been pending...
The "US Department of Justice" is proposing a federal court to order Aditya Birla Hindalco-owned American company Novelis to divest its entire stakes in aluminium major Aleris due to the competitive concern with such an acquisition. Novelis with its headquartering in Atlanta produces flat-rolled...
Novelis Inc., the world leader in aluminium rolling and recycling, announced fourth quarter and fiscal 2020 results. Net income stood at $63 million in Q4 FY 2020, down 39% from last year. For the full year, net income decreased by 3% to$420 million Excluding tax-effected special items, the company...
