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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Typically, 40% of an aluminium coil is left over after a car maker stamps out parts. By introducing a closed-loop system in partnership with car manufacturers, Novelis can capture this scrap aluminium and return it to its materials system. In the US, the company has recently started a closed-loop...
Novelis, the world leader in aluminum rolling and recycling, today announced the first product in a new portfolio of certified high-recycled content aluminum for specialty applications called evercycle™. This new material will enable customers to produce infinitely-recyclable products with a lower...
Novelis, the world leader in aluminum rolling and recycling, today announced a number of management appointments designed to strengthen its customer focus on the beverage can and specialty products end markets. Gary Yogan has been appointed Vice President, Global Can Sales, effective April 1. Yogan...
Aluminum makers, already benefiting from increased use of aluminum by auto makers, stand to gain further from growth in the electric car industry, Phil Martens, the chief executive of Novelis Inc., and a former Ford Motor Co. executive, said in an interview. Novelis, a unit of Hindalco Industries...
Novelis, the world leader in automotive aluminum sheet, and Henkel Adhesive Technologies today announced the signing of a long-term agreement to collaborate on the development of advanced bonding technologies for the use of aluminum in high-volume vehicles. “Through a partnership built on a shared...
Novelis, the world leader in aluminum rolling and recycling, and Red Brick Brewing Company, Georgia's oldest operating craft brewery, today announced that Red Brick will now offer its beer in aluminum cans made from Novelis' evercan™ – the world's first certified high-recycled content aluminum can...
Novelis says that margins in the beverage can industry, which was their core area of focus, has started to fall rapidly and as a result they are planning a systematic focus-shift to automobile aluminium. “(Our new business) model suggests that by FY20 (fiscal 2020), 25% of our shipments would be...
Novelis Inc was forced to import aluminum can sheet from Asia and South America to make up for lost output from a three-week outage at its U.S. joint venture rolling mill in January, Chief Executive Officer Phil Martens said on Monday. The mill, which Novelis co-owns with Tri Arrows Aluminun, lost...
Highlights: New Business Model Drives Significant Improvement in Year-Over-Year Results • Net Income Grows to $46 Million • Sales Increase 18% to $2.8 Billion • Adjusted EBITDA Increases 16% to $236 Million • Shipments Increase 5% to 757 Kilotonnes, a Record Third Quarter • North American Auto...
Novelis Inc. will report its earnings for the third quarter of fiscal year 2015 on Monday, February 9, 2015. Following the release, President and Chief Executive Officer Philip Martens and Chief Financial Officer Steve Fisher will discuss the results via a live conference call for investors at 8:00...
Novelis, the global leader in aluminum rolling and recycling, today announced the completion of a $48 million investment in its automotive scrap aluminum recycling facility in Oswego, N.Y. It expands upon the company's recent growth in Oswego to meet the increased demand for aluminum automotive...
The repairing work at Logan Aluminium Inc is running six days ahead of schedule with the repaired reversing motor ready to be installed at the company’s hot mill at Russellville, Kentucky. Novelis, who is a part-owner of the plant, along with Tri-Arrows Aluminium Inc. is happy that the repaired...
On 15th Jan 2015, Novelis China won the “2014 Excellent Supplier” award at the FAW-Volkswagen (FAW-VW) Purchasing Working Conference held in Changchun, Jilin province, becoming the only flat-rolled aluminum supplier to receive the award. The company was recognized for its strong local and global...
An important aluminium sheet manufacturer that catered to Coca-Cola Co. (KO) and MillerCoors LLC has been forced to slow down production after the 6,000-horsepower motor that drives the hot roller broke down last month on 29th December. The hot roller was capable of flattening 25-ton blocks of...
Even with the 23 percent growth rate of zinc production in the Gulf region, the temporary shutdown and closures of aluminum plant all over the world has highly affected the production rate of aluminum, sinking it down lower than the production rate submitted in January. Since the beginning of the...
Hindalco is a stock that has remained popular with foreign investors, though metal prices continue to weaken globally. Over the past year, the stock has risen 40 per cent, compared with the 37 per cent rise in the Sensex. After the company's earnings beat estimates in the second quarter, many...
Novelis Inc. President and Chief Executive Officer Phil Martens will present at the Bank of America Merrill Lynch 2014 Leveraged Finance Conference in Boca Raton, Florida on Wednesday, December 3, 2014 at 10:10 a.m. ET. Mr. Martens will give an overview of Novelis, discuss the company's strategy...
Novelis, the world leader in aluminum rolling and recycling, today published its Fiscal Year 2014 sustainability report, which shows the company is making significant investments and strides to advance the circular economy and increase the sustainability of its business, the aluminum industry and...
