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., the world leader in aluminium rolling and recycling, today reported net income of US$137 million for Q1 FY 2019, compared to US$101 million in Q1 FY 2018. Excluding tax-affected special items, the company reported net income of US$113 million in Q1 FY2019, up from US$103 million in...
Novelis Inc., the world leader in aluminum rolling and recycling, today announced it has signed a definitive agreement to acquire Aleris Corporation, a global supplier of rolled aluminum products, for approximately $2.6 billion including the assumption of debt. For Novelis, Aleris, and their...
Novelis, the US-based downstream arm of India’s largest aluminium producer Hindalco Industries Ltd, is closing in on a $2.3-2.5 billion acquisition of Aleris Corp. Talks between both sides are gathering momentum after a lull of over six months, said several people with knowledge of the matter. The...
Novelis Inc. will invest approximately $180 million to double its production capacity at its Changzhou facility in China. The aluminium rolling and recycling manufacturer will begin expanding its automotive aluminium body sheet plant in 2018 in order to be operational by 2020. "Novelis has always...
Novelis Inc. has broken ground on its $300 million automotive aluminium sheet manufacturing facility in Guthrie, Kentucky. The 400,000 square foot facility will create approximately 125 jobs and produce annual nameplate capacity of 200 thousand tons. Image Source: novelis.com The aluminium rolling...
The Future Aluminium Forum opened its door to industry delegates in Milan yesterday, May 8, at Hotel Michelangelo. The Forum intends to discuss what industry 4.0 means to the future of the aluminium industry and how it can assist in its quest for greater efficiencies. Delegates from major aluminium...
Novelis Inc., the world leader in aluminium rolling and recycling, reported record results for the fourth quarter and fiscal year 2018. The company reported net income of $106 million for the fourth quarter and $635 million for the full year. The increase is driven by its focused strategy to...
Novelis Inc., the world leader in aluminum rolling and recycling, has named Paul Banks as Plant Manager for the recently announced $300 million automotive aluminum sheet manufacturing facility in Guthrie, Kentucky. Banks assumes the role of Plant Manager after previously serving as Unit Manager at...
The National Association of Manufacturers (NAM) announced that Devinder Ahuja, senior vice president and chief financial officer (CFO), Novelis Inc., has been named to the NAM Board of Directors. Ahuja will join the NAM Board to advance a manufacturing policy agenda that promotes growth and...
Novelis has supplied premium aluminium to the new London Electric Taxi. London Electric Vehicle Company (LEVC) has developed an all-new zero-emissions capable taxi, the TX, with an aluminium frame. The company’s lightweight aluminium sheet is incorporated into the design of the TX to help reduce...
Novelis, the biggest buyer of aluminium in the US, says President Donald Trump’s proposed tariffs on the metal don’t “get at the core issue” of Chinese overcapacity and will only increase costs for consumers. The Atlanta-based company, which makes aluminium for the car and beverage can industries,...
Novelis, the aluminium rolling and recycling major has reported net income of $121 million for Q3 FY 2018, compared to $63 million in the same period of 2017. Excluding special items in both years, the company reported net income of $138 million in Q3 FY 2018, more than double the $67 million...
Both Constellium N.V. and Novelis Inc. have announced through press release that they signed a binding agreement to sale and acquire operating facilities and manufacturing assets at its Sierre plant that have historically been leased. The North Building Assets of Constellium’s Sierre plant in...
Atlanta’s rolled and recycled aluminium firm Novelis Inc. revealed yesterday that the firm will be supplying aluminium for use in the manufacture of the 2018 Jeep Wrangler (JL). The company said in a press release that FCA US LLC has contracted with the firm to provide aluminium for the production...
Novelis, the top aluminium supplier is of the view that growing automotive aluminium demand opens up new business for tier one automotive part suppliers while challenging them to get used to an aluminium dominant environment. Ganesh Panneer, Novelis vice president and general manager of the...
Novelis Inc. will spend $300 million in an automotive aluminium sheet manufacturing facility in Guthrie, Kentucky. The investment is the latest addition to company’s' extensive network of automotive finishing lines. The greenfield facility will have an annual nameplate capacity of 200,000 metric...
Hindalco Industries Ltd. has reportedly submitted bids for the leading aluminium rolled products manufacturer Aleris. The non-binding offer valued at around US$2.5 billion (including debt) has been made by the India aluminium giant’s U.S. unit, Novelis Inc., sources preferring anonymity said....
Representatives from the U.S. aluminium industry yesterday testified before the U.S. International Trade Commission (ITC) in support of a determination that imports of common aluminium alloy sheet from China threaten to injure domestic producers, a press release from Aluminum Association confirms....
