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...
Grow with
AL Circle
Novelis Inc., the world leader in aluminium rolling and recycling, released second quarter of fiscal 2020 results. The company reported net income of $123 million in Q2 FY2020, compared to $116 million in the prior year period. That was up 6% year-on-year. Excluding tax-effected special items, net...
The European head of Novelis has reportedly pointed out that moves to reduce plastic packaging as a measure to protect the environment have started increasing the demand for aluminium packaging. Also, the trend towards electric cars is bolstering the demand for aluminium, according to world’s...
Novelis Inc., the world leader in aluminium rolling and recycling broke ground on a US$36 million expansion to upgrade recycling capacity at its Greensboro facility. The investment will fund state-of-the-art equipment for aluminium scrap recycling along with other technical and construction...
The proposed acquisition of Aleris by Novelis has been approved by the European Commission under the EU Merger Regulation on condition that Novelis would sell Aleris' aluminium automotive body sheets business in Europe. “To address the Commission's competition concerns, the parties offered to...
Notwithstanding the lawsuit by U.S. Department of Justice (DOJ) to prevent the acquisition of Aleris, Novelis reaffirmed its commitment towards the proposed acquisition through a press release. The company says it will strongly defend against the DOJ's challenge which is without any merit adding...
According to a recent report, Hindalco’s United States unit Novelis Corporation has again faced a lawsuit for its $2.6 billion proposed purchase of aluminium parts manufacturer Aleris Corporation. The news came after the Justice Department said this on Wednesday, September 4, citing that this...
Novelis Inc. has collaborated with the Georgia Institute of Technology (Georgia Tech) to launch the Novelis Innovation Hub at Georgia Tech. The company has committed $2.5 million to initiate research, faculty, student, and educational program support. The partnership will promote basic and...
Novelis, the world leader in aluminium rolling and recycling, released First Quarter of Fiscal Year 2020 Results and reported net income of US$127 million, compared to US$137 million in Q1 FY2019. Excluding tax-effected special items the net income stood at US$145 million compared to US$115 million...
Novelis, the world leading aluminium rolling and recycling company has announced the launch of Advanz™ 6HS-s650, a specialized aluminium automotive body sheet product with extraordinary strength, lightweighting, formability, performance and structural integrity. It is the strongest 6xxx series...
Reuters said that the U.S. aluminium roller and recycler Novelis, a subsidiary of Aditya Birla Group, India, has no plans for now to offer concessions on the deal to buy Aleris. The company remains firm despite EU antitrust objections over its US$2.6 billion deal to buy aluminium processor Aleris....
The lifting of tariffs on aluminium imports from Canada has been a breather for Oswego, which was under pressure due to the tax increase that affected the city’s two prime businesses. Aluminum is the key product that gets shipped through the Port of Oswego and a large number of jobs are dependent...
Currently Aluminium flat rolled products accounts for about 32% of the global aluminium usage followed by extrusions at 31%, castings at 22% and wire rods at 8%. Flat rolled products demand will continue to grow driven by substitution trend in transport and growth in packaging driven by can stock...
Aleris Corporation reported results for Q1 2019 ended March 31 on May 8. The company reported a net loss of US$33 million compared to net income of $5 million in Q1 2018. The company reported a record first quarter adjusted EBITDA of US$85 million compared to US$54 million in 2018. Adjusted EBITDA...
Novelis Inc., the world leader in aluminium rolling and recycling, published results for the fourth quarter and fiscal year 2019. Net income dropped 5.5% year-on-year to $103 million for the fourth quarter. For the full year, net income came in at $434 million. Excluding tax-effected special items,...
Novelis Inc., the world leader in aluminium rolling and recycling has announced changes to its executive leadership team to further focus on enhancing its manufacturing capabilities, building up in-house talent and improving its operations. Tadeu Nardocci has been promoted to Senior Vice President...
Novelis, the leading aluminium recycler and rolled product maker is the recycling partner for the 2019 Kentucky Derby. Under this partnership, they will provide recycling bins for approximately 80,000 spectators who would be gathering in the infield at Churchill Downs on May 3 and 4 to enjoy...
Novelis, an Aditya Birla Group subsidiary and the world leader in aluminium rolling announced the development of its first aluminium sheet battery enclosure solution. The company aims to address the growing needs of customers in the rapidly growing electric vehicle and battery markets. With this...
Novelis says US aluminium tariffs on Canada are hurting downstream companies like Novelis in Oswego. The companies including Novelis are paying tariffs to import aluminium from Kingston, Ontario. Novelis has sought exclusions from the federal government on some of their imported aluminium products....
