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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Shares in Hindalco Industries fall 1.2 percent after its global peer Alcoa Inc, the largest US aluminium producer, reported a massive quarterly loss on Thursday and gave a stagnant outlook on global aluminium demand. Excluding the impairment charge of USD 1.7 billion on smelter acquisitions and...
The aluminum beverage can industry raised $133,695 for local charities by recycling 178,099 lbs. of cans, which equates to more than 5.7 million beverage cans, for the Can Manufacturers Institute’s (CMI) Great American Can RoundUp Industry Challenge. Ball Corporation scored first place in the...
Novelis, the world leader in aluminum rolling and recycling, said that it will invest an additional USD 205 million to further expand its global automobile recycling operations. The company plans to build new finishing lines at its plants in Oswego, NY and Nachterstedt, Germany. They will be...
Secondary aluminum could one day be automakers’ primary choice, a Novelis Inc. executive said. "They are not in that position yet, but they are asking. They want to be," Marco Palmieri, senior vice president and president of Novelis North America, said Dec. 17. "And I really believe that in the...
“Sustainability is the key to production in every industry…As we are putting the scraps back to production; we are not only reducing our own carbon footprint but also helping the OEMs to do the same.” Andy Doran, Senior Manager, Sustainability and Recycling Development, Novelis Europe, talks with...
Novelis, the world leader in aluminum rolling and recycling, today announced it will invest an additional $205 million to further expand its global manufacturing operations serving the rapidly growing automotive market. The company will build new finishing lines at its plants in Oswego, N.Y. and...
Global aluminium company Novelis has reduced its water-use intensity by 16% from 2007-2009 average levels, putting it on track to achieve its 25% reduction target by 2020. The process in Novelis' operations that uses the most water is the casting of ingots after remelting recycled materials -...
When Phil Martens joined Novelis Inc. in the spring of 2009 as the company’s president and CEO, the world’s largest manufacturer of rolled aluminum was facing some serious talent management challenges — and the decentralization and lack of leadership was visible to customers. “The customers were...
At the request of automakers, Alcoa Inc. is making its patented Alcoa 951 bonding process available to competitors who also supply aluminum to the auto industry. Alcoa 951 coats aluminum to prevent corrosion and prepare the surface for adhesives. It will help automakers produce more structural...
Novelis’ Oswego Works plant has begun constructing a third metal processing line in anticipation of growing demand for aluminum sheet by the nation’s automotive industry. A source who requested anonymity said work has begun on establishing another continuous annealing solution heat (CASH) treatment...
Students using the libraries at LaBrae schools will have more new technology to use due to a fundraising effort that helped the district win 25 free iPads. Bascom Elementary Principal Wally Carpenter said at a recent assembly for grades kindergarten to fifth that because the school district...
Novelis, a global producer of rolled aluminum and recycler of beverage cans, has been implementing a wide range of corporate social responsibility (CSR) programs over the years to promote the importance of recycling. Each year, the company organizes a summer camp for elementary school students to...
Novelis Inc., the world leader in aluminum rolling and recycling, today announced that it has signed a definitive agreement for the sale of its North American consumer foil products business to Reynolds Consumer Products, Inc. The transaction includes foil manufacturing plants in Toronto, ON, and...
The Hindalco Industries' subsidiary, Novelis Q2FY14 adjusted Ebitda (earnings before interest, taxes, depreciation and amortisation) of $ 228 million as well as volumes and Ebitda/tonne were on expected lines. Novelis also implicitly guided for H2FY14 volume and Ebitda growth of 10% year-on-year...
Japan’s exports of aluminum scrap are headed for a record this year as a weaker yen and higher recycling capacity in South Korea boost shipments, according to Mitsui Bussan Metals Co. “This year’s exports will be a record if the yen and aluminum prices remain stable,” said Shigeyuki Fukushima,...
Regional aluminium premiums should gradually decrease to levels last seen 18 to 24 months ago – or even four to five years ago – due to the new London Metal Exchange warehouse policies, Philip Martens, Novelis chairman and ceo, said. “Over time, I think you will see a moderation of regional...
Novelis reports solid Quarterly Performance in a Transitional Year. Novelis, the world leader in aluminum rolling and recycling, today reported net income attributable to its common shareholder of $23 million for the second quarter of fiscal 2014. Excluding certain tax-effected items, net income...
Aluminium consumers and some North American aluminium producers applauded sweeping changes announced on November 7 by the London Metal Exchange. Atlanta-based Novelis is encouraged by the development, chief supply chain officer Nick Madden said in a e-mail to AMM. “At first review, the rule changes...
