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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The world’s first 100% recycled beverage can, could be soon underway. Novelis Inc. has partnered with the Marietta craft-beer manufacturer, the Red Hare Brewing Company, to bring beverage cans produced almost entirely out of recycled material. Novlis Inc., a multi-national aluminium manufacturer,...
The Port of Oswego says its working toward a record year, thanks to an increase in shipments of aluminum coming in through the St. Lawrence Seaway for use at Oswego's Novelis aluminum plant. Port Director Zelko Kirincich says it's been a great year, and that the facility is expecting to receive...
In 2007, the height of the global commodities boom, Aditya Birla Group Chairman Kumar Mangalam Birla and Tom Albanese, chief executive of Vedanta Resources chief executive and former chief executive of Rio Tinto, made landmark purchases of aluminium assets. Ignoring the advice of his colleagues at...
Novelis, a global aluminum supplier, is seeing a 45-year-old dream come true as the auto industry is on the cusp of making the lightweight material mainstream. Novelis is supplying aluminum for the 2015 Ford F-150 that goes on sale later this year. The supplier is expanding its Oswego, N.Y. plant,...
Novelis, the world leader in aluminum rolling and recycling, today announced the commissioning of a new coating line for beverage can end stock and an expanded recycling center at its Pindamonhangaba (SP), Brazil complex. The company invested approximately $106 million in the combined projects that...
Solid Operating Performance in Q1 Begins Year on a Strong Note - Q1 Net Income Increased 150% versus Prior Year to $35 Million - Q1 Adjusted EBITDA Increased 15% versus Prior Year to $235 Million - Q1 Sales Increased 12% versus Prior Year to $2.7 Billion - Q1 Shipments Increased 9% versus Prior...
Hindalco Industries lost 3.83% to INR 182 at 12:01 IST on BSE, after the company's US subsidiary Novelis reported Q1 June 2014 operating profit that lagged some estimates. Meanwhile, the BSE Sensex was down 247.70 points, or 0.97%, to 25,341.31 On BSE, so far 2.41 lakh shares were traded in the...
Novelis the world leader in aluminum rolling and recycling, today announced price increases on its North American Automotive and Specialty aluminum sheet products for all new orders effective immediately. All existing orders and firm agreements confirmed prior to August 7, 2014 will be honored...
A detailed report on the increasing use of aluminium in the automotive industry has been published by Automotive World. Featuring interviews with industry experts and executives from leading OEMs including Ford, Jaguar Land Rover and Audi, Automotive World Briefing: The auto industry falls for...
With total global sales of 425,000 vehicles last year, Britain’s Jaguar Land Rover is well behind German rivals BMW, Mercedes-Benz and Audi. But there is an asterisk next to the sales figures for luxury car companies. Today, no one makes more aluminum-bodied vehicles than JLR. Its latest, the...
Novelis Inc., the world’s largest sheet aluminum producer, said today it expects to double its North American production of automotive aluminum by 2018 or so from 2014 levels. The company said it plans to produce 260,000 tons of automotive aluminum in North America in 2014, up from about 50,000...
Novelis Inc. will report its earnings for the first quarter of fiscal year 2015 on Thursday, August 7, 2014. 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 9:00...
The public consultation on the draft Performance Standard and Chain of Custody Standard of the Aluminium Stewardship Initiative is now open from 14 July to 7 September 2014. The Aluminium Stewardship Initiative (ASI) was launched at the end of 2012 by key players in the aluminium industry and is...
Novelis, the world leader in aluminum rolling and recycling, estimated today that thirsty soccer fans in Brazil will push sales of aluminum beverage cans past the two billion mark over the four weeks of the 2014 FIFA World Cup, representing a 35 percent increase over the same period last year. This...
Kumar Mangalam Birla-led Hindalco plans to raise $500 million (around INR 3,000 crore) through the qualified institutional placement of shares to raise funds primarily to repay part of its debt, said three people in the know. The floor price of the QIP that may hit the market next week could be INR...
Hindalco Industries Ltd surges after CLSA upgrades the stock to "buy" from "sell" and raises its target price to 215 rupees from 110 rupees. CLSA says Hindalco's subsidiary Novelis Corp "will be a big beneficiary of the accelerating shift of global automakers from steel to aluminium given its...
Novelis Inc., the world leader in aluminum rolling and recycling, today announced that it has completed the sale of its North American consumer foil products business to Reynolds Consumer Products LLC for $33.75 million. The transaction includes foil manufacturing plants in Toronto, ON, and...
ALUMINIUM giants Alcoa and Novelis spent decades wooing Detroit’s vehicle makers to toss out their heavy steel vehicle bodies and overhaul their factories in order to mass produce vehicles made out of lighter aluminium. This year, with Ford Motor ’s launch of its new aluminium-intensive F-150...
