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 and Alcoa Inc have spent decades wooing the Detroit’s automakers to throw their heavy steel vehicle bodies and renovate their factories for mass production of lighter aluminium vehicles. With the launch of Ford Motor Co’s F-150 Truck this year, the company is reaping the benefits of the...
Global aluminum-sheet use in auto bodies will climb fivefold by 2020 as carmakers seek lightweight materials to improve fuel economy, said Derek Prichett, a vice president of global recycling at aluminum supplier Novelis Inc. Sheet consumption will jump to 1.8 million metric tons from 350,000 tons...
Novelis, the world leader in aluminium rolling and recycling, announced today that it successfully cast the first production-sized ingot – almost 10 meters long – at its 200 million Euro aluminium recycling and casting center in Nachterstedt, Germany. Located adjacent to the company’s existing...
According to a recent study undertaken by Forum for the Future and made by Novelis, the aluminium recycler has found 70% of consumers would want to switch brands if one brand is showing more environmental credentials. The study was conducted with the help of Madano Partnership, the marketing...
Hindalco's US subsidiary Novelis will play a significant role in reducing the parent's massive debt going forward as it trims its capital expenditure and generates cash on the back of better sales volume. Novelis, the world's biggest maker of flat-rolled aluminum used to make beverage cans, decided...
Novelis, the world leader in aluminum rolling and recycling, today received the Industry Leadership Award in Aluminum at the Platts 2014 Global Metals Awards ceremony in London. The award recognizes Novelis' decisive action to transform its business, demonstrated leadership as a first-mover and...
Hindalco Industries rose 4.68% to Rs 147.70 at 10:40 IST on BSE after the company's US subsidiary Novelis reported its Q4 results on Friday, 16 May 2014. Meanwhile, the BSE Sensex was up 63.52 points, or 0.26%, to 24,185.26. On BSE, so far 4.95 lakh shares were traded in the counter, compared with...
Weaker demand of aluminium in China and overcapacity in can market will make Novelis look for new markets outside Asia for aluminium sheet that are produced at the new rolling mills in South Korea, said Phil Martens, the Chief Executive officer. The challenging conditions in China have forced...
Novelis, the world leader in aluminum rolling and recycling, today reported net income attributable to its common shareholder of $54 million for the fourth quarter of fiscal year 2014. Excluding certain tax-effected items, net income was $75 million. “Fiscal 2014 was a transitional year for Novelis...
Highlights: - Q4 Net Income, Excluding Certain Items, of $75 million - Q4 Adjusted EBITDA of $250 million - Liquidity in Excess of $1 Billion Novelis, the world leader in aluminum rolling and recycling, today reported net income attributable to its common shareholder of $54 million for the fourth...
Novelis, the world leader in aluminium rolling and recycling, today announced a price increase on its specialty aluminium sheet products produced in Germany. The fabrication price for plain, shate, industrial and foil container products and other selected aluminium specialty sheets will increase by...
Novelis has announced a leadership change at Novelis PAE in Voreppe, France. Marc Bosch has been appointed Vice President, Novelis PAE, effective May 1. In this role, Mr Bosch will assume overall responsibility for all Novelis PAE activities. Mr Bosch has more than 20 years leadership experience in...
Novelis Inc. will report its earnings for the fourth quarter and fiscal year 2014 on Friday, May 16, 2014, a revision to the previously announced date. Following the release, President and Chief Executive Officer Philip Martens and Chief Financial Officer Steve Fisher will discuss the results via a...
Novelis Inc. will report its earnings for the fourth quarter and fiscal year 2014 on Thursday, May 8, 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 9:30...
Novelis Inc., the world leader in aluminum rolling and recycling, today recognized the Chinese government for its support in the construction of the company’s first manufacturing plant in China. Phil Martens, President and Chief Executive Officer of Novelis, visited the city of Changzhou and...
In February, Siemens received the final acceptance certificate for the extension of an aluminum hot strip mill of Novelis Korea Ltd. in Ulsan. The first coil had been rolled in the third quarter of 2013 within two years from the date of contract effectiveness. The existing twin-coiling...
Novelis, the world leader in aluminium rolling and recycling, today announced the commissioning of a new aluminium slitting and packing line at Aluminium Norf GmbH (Alunorf), its joint-venture facility in Neuss, Germany. With an investment of approximately 15 million Euros, it will increase the...
Novelis, the world leader in aluminum rolling and recycling, today announced at the 2014 Craft Brewers Conference in Denver that Red Hare Brewing Company will launch the world's first commercial use of evercan™, the company's independently certified high-recycled content aluminum sheet for beverage...
