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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<p>Novelis, the world leader in aluminum rolling and recycling, announced it has expanded its automotive supply capabilities by signing an agreement with next-generation car company, NIO, to provide innovative aluminum solutions for its fleet of smart, high-performance, premium electric vehicles....
<p>Hindalco shares surged over 3 per cent to an intraday high of INR 192.25 on Wednesday after its US subsidiary Novelis reported strong earnings for the October to December quarter. Novelis contributes more than half of Hindalco's operating profit. Atlanta-based Novelis said its adjusted net...
<p>Novelis, the world leader in aluminium rolling and recycling, today reported net income of $63 million for the third quarter of fiscal year 2017, compared to a net income of $6 million in the prior year period. Excluding tax-effected special items in both periods, the company more than doubled...
<p>Novelis Deutschland GmbH awarded Tenovo, worldwide partner for innovative, reliable solutions in metals and mining, the Final Acceptance Certificate (FAC) for a state-of-the-art aluminium automotive finishing line at the Nachterstedt Plant in Germany at the end of 2016.</p> <p><img...
<p>Novelis, the world leader in aluminum rolling and recycling, published its fiscal year 2016 sustainability report today, detailing significant progress toward increasing the use of recycled aluminum and minimizing the use of natural resources. Recycling aluminum produces 95 percent fewer...
<p>Rick Hindley, Executive Director of the Aluminium Packaging Recycling Organisation (Alupro) in an interview to Resource magazine says, figures published on the National Packaging Waste Database by the Environment Agency show the that UK is on track to meet or exceed annual recycling targets for...
<p>Rolled aluminium and recycling giant Novelis has bagged the prestigious European award for its closed loop car production project - the REALCAR (REcycled ALuminium CAR) at ALUMINIUM 2016, in Düsseldorf, Germany. The project with Jaguar and Land Rover won the award in the automotive and...
<p>Aluminium rolled products — sheet, plate and foil have, for many years, formed a large volume of aluminium products shipped annually all over the world along with castings, extrusions, wire, rod and bar, forgings and impacts, and powders and paste. Sheet, plate and foil are usually made by...
<p>Hindalco Industries shares were up 3% at INR 172 on BSE, trading at its highest level since December 2014(23 months high), after the company’s subsidiary Novelis reported adjusted EBITDA of $270 million in comparison to $182 million in the same period of 2015. Excluding metal price lag in...
<p>Novelis, the world leader in aluminium rolling and recycling, today reported a net loss of $89 million for the second quarter of fiscal year 2017, compared to a net loss of $13 million in the prior year period. Current quarter results include $112 million loss on extinguishment of debt related...
<p>Overcapacity, falling LME prices, and escalating cost of production in the non-oil producing countries have been the bane for global aluminium industry for over a year now. If that weren’t enough, a number of old capacity restarts and new additions in China have added another spoiler....
<p>European demand for rolled aluminium products remains firm despite the region's sluggish economic growth, the European head of U.S.-based Novelis [NVLX.UL], the world's largest rolled aluminium product producer, told Reuters.<br /><br />"For Europe, we’re seeing good demand in our key...
<p>Global aluminium industry has been undergoing a paradigm shift over the last ten years. From primary metal production, the focus has shifted to downstream manufacturing. In India too, the change has happened, though at a bit slower pace. All major primary aluminium producers including National...
<p>According to the St. Lawrence Seaway Development Corp., average shipping this season on the Great Lakes-St. Lawrence Seaway system dropped from the last season, although recent shipments of aluminium, grain and iron ore boosted the sea traffic in September.<br /><br />YTD cargo shipments for the...
<p>Novelis Inc, the world's largest maker of rolled aluminium products, sees demand for the metal growing 4-5 percent in 2017, boosted by sales to carmakers and can manufacturers, company executives said on Tuesday.<br /><br />"Globally we see somewhere around 4-5 percent of downstream rolled...
<p>Novelis, the world leader in aluminium rolling and recycling, today announced it is supplying aluminium solutions for the all-new Jaguar XFL, the first Jaguar model from Chery Jaguar Land Rover Automotive Co., Ltd (hereinafter referred to as "Chery Jaguar Land Rover"). The XFL launched in China...
<p>Novelis, the world leader in aluminum rolling and recycling, and Discovery Education, the leading provider of digital content and professional development for K-12 classrooms, announced today the launch of an all-new aluminum recycling education program, “Life of a Can – A Never...
<p>According to a latest media update, U.S. Senator Charles Schumer pressed the International Trade Commission to take action against the alleged wrong trade practises by foreign metal producers especially China. He is concerned about the "predatory" trade practices damaging the business...
