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 supplies premium aluminium automotive body sheet to Toyota Motor Corporation for 2019 Toyota RAV4. Novelis' lightweight, high-strength aluminium helps RAV4, Toyota's number-one-selling vehicle and the best-selling non-pickup-truck in the country, achieve weight savings. Marco Palmieri,...
Novelis, Inc. hosted a ribbon cutting ceremony to celebrate the completion of a US$4.5 million investment at its facility in Warren, Ohio on April 15. The world leading flat-rolled aluminium producer and recycler announced this investment in state-of-the-art technology for the plant in November...
After the lifting of US sanctions, Rusal has resumed supplies to the U.S. market and the company now aims to gain back all the lost customer during the sanction period in which, supply contracts for 2020 were sealed. Rusal could not sign new contracts for 2019 in September as the company was still...
Novelis, the world’s largest aluminium rolling and recycling company is confident of the growth in China’s automotive market despite its sales dip last year. The company believes the rise in aluminium demand will come from New Energy Vehicles and strict fuel emission standards. Steve Fisher,...
The European Commission announced on Monday that it started an investigation on the proposed acquisition of Aleris by Novelis under the EU Merger Regulation. Commissioner Margrethe Vestager, in charge of competition policy said that the investigation would look into whether the acquisition would...
Aluminium Stewardship Initiative certifies Aluminium Norf GmbH (“Alunorf”) against ASI’s Performance Standard for environmental, social and governance performance. Alunorf is the world’s largest aluminium rolling and casting facility in Neuss, Germany with more than 2,200 employees producing more...
Novelis Inc., the leader in aluminum rolling and recycling, today announced results for the third quarter of fiscal year 2019. The company reported net income of $78 million, compared to $121 million in the prior year period. Excluding tax-effected special items, net income dropped to $101 million...
(Continued from Part I ) Growing demand for automotive sector has moved the market and boosted investments and expansions in 2018. Trump’s aluminium tariffs also encouraged opening of a number of small and medium size aluminium plants in the U.S. and expansion of many plants, as tariffs boosted...
The North America aluminium market was valued at $12,076.0 million in 2015 and is projected to reach $17,995.6 million by 2023, growing at a CAGR of 5.1% from 2015 to 2023, according to a new report published by ReportLinker, titled, "North America Aluminium Market by Processing Method,End-User...
Novelis says it has seen limited impact from the import tariffs on aluminium imported from other countries. Novelis, the world’s largest aluminium recycler and rolling product manufacturer, imports about one-third of its aluminium from Canada and it recovers the other two-thirds of aluminium from...
According to an Automotive News China report, Electric-vehicle startup NIO is on target to sell 10,000 vehicles in 2018. The company launched its first product the seven-seat ES8 crossover, in June. The company said that in November, it delivered 3,089 ES8s to the market, registering a 96 per cent...
Novelis Inc. has invested US$175 million for the expansion of its Pindamonhangaba plant, located in the Paraíba Valley between São Paulo and Rio de Janeiro, Brazil. The expansion at the company's flagship Brazil facility will add 100 thousand tonnes of rolling capacity and 60 thousand tonnes of...
Novelis Inc., the world leader in aluminum rolling and recycling, today announced it has agreed to partner with Impression Technologies to explore innovative ways to increase the broader adoption of aluminum through the hot stamping process. Impression Technologies has the exclusive rights to Hot...
Hindalco Novelis, the leader in aluminium rolling and recycling, has reported results for the second quarter of fiscal 2019 and reported net income of $116 million. Excluding special items, net income increased 56% YoY to US$122 million. Adjusted EBITDA increased 18% YoY to US$355 million. The...
Novelis Inc., the world leader in aluminium rolling and recycling has announced its plan to build a global network of Customer Solution Centers (CSCs). This is aimed at accelerating collaborative innovation between Novelis and automakers for designing next generation cars. Novelis will work with...
Novelis, the global leader in aluminium rolling and recycling broke ground on the expansion of its automotive aluminium manufacturing facility in Changzhou, China. The $180 million plant expansion will double the production capacity of heat-treated aluminium sheet by 100,000 metric tons. The...
Novelis, the world leader in aluminium rolling and recycling, today announced the supply of its premium Novelis Advanz™ aluminium to the recently launched all-electric Jaguar I-PACE. This new addition to the Jaguar PACE family and the car maker's first all-electric vehicle features a strong and...
Aluminium demand by the automotive industry is projected to more than double by 2025, driven by increasing growth in Asia, a senior executive at Novelis Inc, the world’s largest manufacturer of rolled aluminum products, said on Thursday, 04 October 2018. “Typically what we see is an increase of...
