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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Danieli Centro Recycling, based in Buttrio, Italy, a division of Danieli Group, has announced several recent recycling equipment projects. In the recent development, the company announced that it has been awarded a contract to supply three DCR 1822 aluminum shredding recycling lines with downstream...
Novelis Inc., is expanding its Korean operations to meet growing industrial demand for a variety of aluminum sheets. Using its success here as a springboard, it has made inroads into China and Southeast Asia to become an industry leader in rapidly growing areas. Novelis, which is based in Atlanta,...
The March-quarter results of India's largest aluminium producer, Hindalco were mainly inflated by higher other income and lower tax. While it reported a profit after tax of USD 85.88 million, its operating profit was actually down 26% year on year and shows no signs of revival. Going ahead, the...
Intensive use of aluminum in vehicles is growing more than 25% a year, signalling "a gigantic and permanent change" in the automotive industry, spurred on by new regulations on fuel economy and carbon emissions, the chief executive officer of a major aluminum sheet producer said. While aluminum...
Novelis Inc. is adapting its plant in Goettingen, Germany, to meet growing demand for recyclable aluminum automotive sheet. The Goettingen plant will produce 20,000 tonnes of automotive sheet per year following the first phase of its expansion and double that capacity in a planned second phase....
A bulk deal of 10 lakh shares was struck on Hindalco Industries counter at Rs 108.25 at 11:26 IST on BSE, on 23 May 2013. Another bulk deal of 4 lakh shares was struck on the counter at Rs 107.45 at 11:33 IST on BSE on 23 May 2013. The bulk deals constituted 0.07% equity of Hindalco Industries....
Metal recycling specialist Novelis has completed a £1.7m upgradation of its can recycling plant in Warrington. The global group says the investment will double the facility’s capacity to process contaminated drinks cans, enabling it to meet the growing demand for recycled aluminium. The new...
Aluminium sheet producer Novelis and steel auto products producer ThyssenKrupp Tailored Blanks Wednesday signed a cooperation agreement for the development of tailored aluminum blanks for the car industry. "Individual aluminum sheets of different grades, thicknesses and coatings can be joined to...
Aluminium rolling and recycling company Novelis has announced the opening of a new aluminium recycling and continuous casting line at its Pieve Emanuele facility in Milan, Italy. The €12 million (£10.1 million) expansion marks the company’s ‘largest single investment in Italy in the past decade’...
US aluminum sheet maker Novelis expects to produce around 3 million mt globally in its 2014 fiscal year, around a 6% rise compared with its current output, with the majority of the growth coming from existing South American and Korean expansions CEO Phil Martens said in an interview Tuesday....
Novelis Inc, the world's largest producer of rolled aluminum products, reported a quarterly profit on Tuesday, versus a year-earlier loss, boosted by stronger demand and better cost controls. The company, a unit of India's HindalCo Industries Ltd , said it was able to push through unexpected...
Novelis Inc. plans to boost research and development staff by 40 percent as the biggest supplier of flat-rolled aluminum products to global carmakers seeks to increase recycled content in products used in cans and vehicles. Personnel including scientists and engineers at its research and...
International recycler Novelis has launched what it has said is the first independently certified, “high-recycled content” aluminium production. The firms can product, aluminium can body sheets guaranteed to contain at least 90% recycled content, is being offered to European and North American...
Novelis today announced price increases on its automotive aluminum sheet products in North America. The fabrication price will increase by $0.13 per pound for 5182-series and 5754-series automotive alloys, and by $0.09 per pound for 6000-series automotive alloys. The price changes are effective...
Abengoa will manage the aluminium residues at the new facility that it will build in the town of Bernburg, in the east of the country, and which will involve an investment of approximately € 30 million. The new Abengoa plant will have a production capacity of 50,000 tonnes of aluminium alloys for...
Novelis, the world’s premier producer of rolled aluminum and the global leader in aluminum recycling, announced the appointment of Chris Smith as the new plant manager of its Oswego facility. A 28-year Novelis veteran, Smith’s most recent position was Global Director of Automotive Products at the...
The Aditya Birla Group has chalked a plan to expand capacities of all its companies globally — including Novelis, Hindalco and UltraTech — which would raise the group’s turnover from $40 billion to $65 billion in two years. The look-abroad policy also includes the acquisition of a mid-sized...
U.S. aluminium can sales are set to slow in 2013 for a third straight year as more consumers ditch sodas for healthier options such as water and iced teas, traditionally bottled in plastic or glass. The loss of market share in the fizzy drinks capital of the world, also due to loud anti-obesity...
