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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Hindalco Industries Limited, the metals flagship of the Aditya Birla Group, reported its financial results for the third quarter of FY2026, highlighting sustained business momentum driven by a record performance in India. The company reported an all-time high India business profit after tax of INR...
The key supplier for Ford Motor, Novelis, which is also a subsidiary of Hindalco, has not yet started with the aluminium production, which has been halted for the past four months due to the fire that threw a wrench in the metal supply chain for Ford's high-margin pickup trucks. September: The...
Novelis, the leading sustainable aluminium solutions provider and a global icon in aluminium recycling and rolling, has appointed Emilio Braghi as its new Chief Operating Officer (COO). Reporting directly to the President and CEO, Steve Fisher, Braghi would be taking up his new responsibilities...
Europe’s drive to build a circular aluminium economy is at risk of backfiring, as large volumes of scrap collected across the bloc are being bought up by overseas players, processed into new metal, and sold back into the EU market, according to the world’s largest aluminium recycler, Novelis....
Novelis’s Oswego County aluminium operation is going through some significant alterations in the leadership team, following two destructive fires at a critical part of the site. The company has confirmed that the manager of the Scriba-based facility, Kristen Nelson, along with several other senior...
2025 has been the year when major industries, especially the global aluminium industry, have been more proactive towards either starting new aluminium recycling projects or restarting the existing ones. Since the year is about to end, now is the right time to have a look at the key projects...
Novelis is strengthening its European logistics network with a EUR 43 million (USD 50.4 million) investment aimed at shifting more aluminium transport from road to rail. The company has purchased 220 new Shimmns railcars as part of its long-term sustainability strategy built around the principle of...
On Wednesday, December 3, CLSA renewed its outperform rating on Hindalco and lifted the target price to INR 965 ( USD 11.63) per share following a round of investor interactions. The brokerage firm said the conversations pointed to growing confidence in the company’s earnings outlook and in the...
Part 1 showed how North and South America have become major drivers of global FRP consumption growth. But behind that surge lies a challenge the region can’t ignore — the Americas simply don’t produce enough flat-rolled aluminium to match this accelerating demand. North America manufactures only...
Novelis has taken another step towards trimming the environmental impact of its German operations, finishing a joint upgrade of three aluminium melting furnaces at its Voerde site with engineering specialist Fives. The two companies have worked together for years, but this latest round of...
The leading sustainable aluminium solutions provider and the global leader in aluminium rolling and recycling, Novelis, has successfully bagged the 2025 German Ecodesign Award under the category of “Product”. This award has been given to the firm as a recognition of the aluminium sheet prototype,...
First fire breakout and financial setback, but even after the second blaze at Novelis’ Oswego plant, Ford is not sweating the heat, but instead is doubling its 2025 profit forecast. On Friday, November 21, the motor company released a statement clarifying that the second fire breakout at the plant...
The Novelis aluminium plant in Oswego, New York, is once again dealing with a fire disaster, renewing concerns for a facility already struggling to recover from earlier damages. Note: The image is for representation purpose Emergency crews were called out on Thursday morning after a four-alarm fire...
Recent reports suggest that Novelis expects its Oswego plant to return to operation by December 2025, several months earlier than its original 2026 target. This news offers a sense of relief to the major OEMs, most notably Ford, which has already warned of a financial impact that could reach USD 1...
Novelis has cut the carbon footprint of its aluminium melting operations in Germany by more than 40 per cent after completing a major furnace upgrade in partnership with industrial combustion specialist Fives. The project, finished in November 2025 at Novelis’ Voerde facility, is expected to...
History has a way of repeating itself for Novelis; and this time, it has done so in barely a year. During the second quarter of FY2025, Novelis endured financial and operational stress due to a severe flood at its Sierre plant in Switzerland. Cut to Q2 FY2026, Novelis again finds itself in a...
Hindalco Industries Ltd, the flagship metals company of the Aditya Birla Group, is facing twin challenges this quarter. Its US-based subsidiary, Novelis Inc ., reported weaker-than-expected earnings, prompting several brokerage downgrades. At the same time, the company has rolled out a 100-day...
All eyes are on Novelis’ New York (Oswego) unit reopening in December, which halted production after the September 16 fire incident. Why? Stakeholders are hit financially on both ends of the Atlantic. Hindalco, the parent company of Novelis, is suffering a negative free cash flow from the...
