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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Soccer's Euro 2016 could help raise demand for aluminium for beverage cans, as fans enjoy beer or soft drinks while watching their national teams, the head of Novelis, the world's largest rolled aluminium producer, said. Past major sporting events such as the 2014 soccer World Cup in Brazil did...
Novelis, the world leader in aluminium rolling and recycling, today announced its aluminium is used in the new 2016 Cadillac CT6 body. The new mixed material vehicle construction featured in the Cadillac CT6 represents a first of its kind for General Motors (GM) in North America and China. In North...
Novelis, the world leader in aluminium rolling and recycling, yesterday reported net income of $29 million for the fourth quarter of fiscal year 2016. Excluding tax-effected special items, the company reported net income of $50 million in the fourth quarter of fiscal 2016, a 35 percent increase...
As the Jaguar XE celebrates its first full-year of sales, ‘REALCAR’, the pioneering recycled aluminium project that contributes to the awarding winning saloon’s aluminium-intensive body has reached a significant milestone. Jaguar Land Rover has reclaimed over 50,000 tonnes of aluminium scrap, the...
Aditya Birla Group firm Hindalco has initiated talks with banks to refinance loans worth $5.3 billion taken by its subsidiary Novelis. According to bankers, the loans are being refinanced with longer-term loans and at lower costs to cut the finance costs of the company and increase its repayment...
Novelis, the world leader in aluminium rolling and recycling, today announced the appointment of Sachin Satpute to the position of Senior Vice President, Novelis Inc. and President, Novelis Asia, effective June 1, 2016. Satpute has nearly 30 years of experience in the aluminium industry and...
Aluminium company Novelis has awarded Desalitech a contract to supply a high efficiency ultrapure water treatment system for a production facility in Changzhou, China. The Changzhou plant is Novelis’ first aluminum automotive sheet manufacturing facility in China with a set requirement for a new...
Novelis, the world leader in aluminum rolling and recycling, today announced that its RC5754 alloy, a new automotive product designed to contain up to 75 percent recycled content, has been successfully integrated into the structural components of high volume production passenger vehicles. RC5754...
Excluding special items, aluminium rolling and recycling specialist Novelis reported a net income of US$ 32 million in the third quarter of its current fiscal year compared to US$ 54 million in the previous third quarter. A 4% increase in adjusted EBITDA from US$ 228 million to US$ 238 million 'was...
Novelis, the world leader in aluminium rolling and recycling, yesterday reported net income of $6 million for the third quarter of fiscal year 2016. Excluding tax-effected special items, the company reported net income of $32 million in the third quarter of fiscal 2016 compared to $54 million in...
Novelis Inc. will report its earnings for the third quarter of fiscal year 2016 on Tuesday, February 9, 2016. Following the release, President and Chief Executive Officer Steve Fisher and Interim Chief Financial Officer Steve Pohl will discuss the results via a live conference call for investors at...
Novelis, the world leader in aluminum rolling and recycling, announced the creation of two executive positions, Vice President of Sales and Marketing Global Can, and Vice President of Sales and Marketing Global Automotive. Effective April 1, 2016, these new positions will allow Novelis to more...
Aluminium rolling and recycling leader Novelis released its sustainability report for Fiscal Year 2015 (FY15) on December 22. The company doubled its recycling capacity over the past five years, among other achievements. Recycled aluminium produces 95 percent fewer greenhouse gas (GHG) emissions...
Novelis, the world leader in aluminium rolling and recycling, published its 2015 sustainability report today, detailing significant progress toward increasing the use of recycled aluminium and using natural resources more efficiently. At the end of Fiscal Year 2015, Novelis achieved an average of...
Novelis, the world leader in aluminum rolling and recycling, today announced a long-term commitment to the Cayuga Community College’s Fulton campus to launch an Advanced Manufacturing Institute, including an industrial maintenance technician program and an advanced laboratory and training center....
Novelis, the world leader in aluminum rolling and recycling, today announced it is supplying high-strength, military-grade, aluminum for the upcoming Ford F-Series Super Duty lineup of trucks, the toughest, smartest, most capable Super Duty ever. Following the launch of the 2015 Ford F-150, the...
Novelis, the world leader in aluminum rolling and recycling, today celebrated the opening of a state-of-the-art aluminum automotive heat treatment line in Nachterstedt, Germany, to serve European and global automotive customers. Located adjacent to Novelis' existing rolling mill and the world's...
The CEO of the world's largest producer of rolled aluminium, Novelis, explained to investors that sluggish business at the company in the past earnings season was a result of a slower-than-expected adoption of aluminium by the automotive industry. For decades, high-end vehicles have been made with...
