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's largest rolled aluminum producer, warned that plans to shift rolling mill capacity to automotive body sheet are progressing slower than anticipated as automakers prove slow to follow Ford's lead in widespread use of the metal. Novelis CEO Steve Fisher said the industry is...
Novelis, the world leader in aluminum recycling, reported a net loss of $13 million for second quarter of fiscal year 2016, while its adjusted EBITDA, excluding the impact of metal price lag in both periods was $236, up seven percent compared to $221 million in the prior year. The increase was...
Novelis, the world leader in aluminum rolling and recycling, reported a net loss of $13 million for second quarter of fiscal year 2016. Excluding tax-effected special items, the company reported net income of $25 million in the second quarter of fiscal 2016 compared to $36 million in the second...
Novelis, the global leader in aluminum rolled products and recycling, announced today that it has been awarded the Grand Prize in the Green Management Excellence category of the 2015 Global Standard Management Awards, held under the co-sponsorship of the Korea Management Association (KMA) and the...
Novelis, a global producer of rolled aluminum and a recycler of beverage cans, has introduced a wide range of environmentally friendly, energy-efficient aluminum construction materials to capitalize on the country's booming housing market. The company said that it is taking part in the Korea...
U.S.-based Novelis expects a 3 percent rise in rolled aluminium product demand in Europe in 2016, despite the knock-on impact of sluggish growth in China, its European head said. This would be down slightly from the 4 percent increase in aluminium product growth expected in 2015, Erwin Mayr, Europe...
The Ethical Corporation’s annual Responsible Business Awards recognise sustainable and ongoing business collaboration. This year’s winners in the Best Business to Business (B2B) Partnership category are Jaguar Land Rover and Novelis for their work on the REALCAR project. The aim of the REALCAR...
Credit Analysis and Research Ltd. (CARE), one of the world's premiere credit rating agencies, has revised its grade for Hindalco Industries' non-convertible debentures from 'AA+' to 'AA' on continued moderation in profitability and debt protection parameters. The debt amount involved is INR 6,000...
Novelis, the frontrunner in aluminium recycling, is seeking expansion in its global presence. It is considering strategic tie-ups with more number of scrap metal suppliers from the UK. The recycler had been working on a closed loop creation encompassing its automotive customers such as Jaguar and...
From Alcan's Kingston Works to Novelis Inc., the aluminum manufacturing plant is celebrating 75 years in the Limestone City. "I think in the heyday there was 4,100 to 4,200 employees, three plants," recounted Jake Czyz, Novelis plant manager. "We pretty much say everybody in Kingston knows somebody...
Novelis, the global leader in aluminum rolling and recycling, is celebrating the 75th anniversary of its plant in Kingston, Ontario with a number of public activities taking place the week of Sept. 12 - 19. As an integral facility in Novelis’ North American operations, the plant produces aluminum...
South Korea's aluminum rolled products sales increased in January-July, an increase of 0.8% year on year. Meanwhile, the country's aluminum cold rolled export sales increased by 20% year on year, despite domestic sales fell further. Novelis, the largest manufacturer in South Korea, said the...
Novelis, the world leader in aluminum rolling and recycling, announced the development of the Novelis Advanz™ 7000-series of high-strength alloys designed for safety-critical components of vehicle structures. Two to three times stronger than any automotive aluminum used in high volumes today,...
Hindalco Industries shares fell over 7 per cent to hit intraday low of Rs 95.55 after its subsidiary Novelis, which contributes around 50 per cent to its consolidated revenues, reported weak earnings for the June quarter. Novelis, which is world's largest recycler of aluminium posted a net loss of...
Novelis, the world leader in aluminum rolling and recycling, today reported a net loss of $60 million for first quarter of fiscal year 2016. Excluding certain tax-effected items, the company reported net income of $24 million in the first quarter of fiscal 2016 compared to $28 million in the first...
The Novelis Board of Directors today announced that it has named Steve Fisher as its President and Chief Executive Officer, effective immediately. Fisher previously held the position of Chief Financial Officer and has been serving as Interim President and Chief Executive Officer since April 2015....
Novelis, the global leader in aluminum rolling and recycling, demonstrated its industry leadership today at Aluminum China 2015 in Shanghai, displaying its full range of innovative aluminum solutions for the automotive, construction and electronics industries. Novelis’ premium products showcased at...
Novelis’ Brazilian unit has decided to concentrate more on export markets, in an attempt to offset declining demand growth in domestic market. According to Tadeu Nardocci, President-South American operations, Novelis, the company plans to expand its presence in the export markets of South America...
