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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Atlanta, Georgia-based Novelis Inc, a world-leading producer of rolled aluminum products, has reported net income attributable to its common shareholder of $3 million for the third quarter of fiscal 2013. Excluding tax-effected restructuring in both periods, net income for the period was $8...
US aluminum producer Novelis faced a challenging fiscal third quarter, with net sales down 6% from the year-ago period, but saw improved demand compared with last year and was optimistic about solid global demand moving forward, President and CEO Phil Martens said Tuesday. In a third-quarter...
The monthly Aluminum registered a value of 98 in February, a decrease of 1 percent from 99 in January. The aluminum price index fell on the back of softer China pricing for primary aluminum and billet and for European semi-finished products. “We continue to have an interesting situation with...
Hindalco Industries, the metals flagship of the Aditya Birla Group, today said it has finalised arrangement for acquiring alumina refinery and bauxite mines in Brazil from its wholly-owned subsidiary Novelis as part of corporate reorganisation plan. "Hindalco Industries has finalised its...
Rolled aluminum and aluminum can recycling giant Novelis has a new Global Research & Technology Center whose design is intended to give customers a close look at the company's world-class R&D, engineering and manufacturing expertise, drive collaboration with customers, and showcase innovative use...
Atlanta-based Novelis has begun construction on the world’s largest aluminum recycling and casting centre in Germany. The $250-million facility will be constructed adjacent to the existing Novelis aluminum rolling mill and will produce 400,000 metric tonnes of aluminum sheet ingot from recycled...
U.S.-based rolled aluminium products group Novelis said on Monday it is building a 200 million euro ($259 million) aluminium recycling plant in Germany. Completion of the plant, in Nachterstedt in Saxony-Anhalt in east Germany is scheduled for 2014, it said. The plant will produce 400,000 tonnes of...
In late August, Alcoa Inc. took full control of Evermore Recycling LLC, a company formed nearly three years ago in a joint venture between Alcoa and fellow aluminum recycler Novelis Inc. The split, initiated by Novelis, came as a surprise to Alcoa. "We didn't know that this was going to take place,...
As the nation celebrated America Recycles Day, the aluminum beverage can industry announced it had collected and recycled more than 235,100 lbs. of cans, raising nearly $183,830 for local charities across the country, the Can Manufacturers Institute (CMI) announced today. The Rexam North American...
Novelis Inc. is hoping that better-quality Chinese cars sold in greater numbers will lead to a demand boom for its aluminum. As auto makers world-wide increasingly replace steel with aluminum and its alloys to make a broader range of lighter, more fuel-efficient cars, Beijing is also pushing its...
Novelis, the world leader in aluminum rolling and recycling, officially broke ground today on the company's first aluminum manufacturing plant in China. The $100 million investment is designed to meet the rapidly growing demand for rolled aluminum used in the design of a new generation of lighter,...
Aluminum prices on MetalMiner’s monthly price index, though down by four points from 99 in October to 95 in November, had mixed results with some poorly performing such as the primary 3-month LME, European commercial 1050 sheet, Chinese aluminum billet and the Chinese primary cash price. The...
Novelis, the global leader in aluminum recycling and rolling, today reported net income attributable to its common shareholder of $49 million for the second quarter of fiscal 2013. Excluding tax-effected special items in both periods, net income for the second quarter of 2013 was $62 million,...
Novelis Inc. will report its earnings for the second quarter of fiscal year 2013 on Tuesday, November 6, 2012, two days earlier than previously announced. Following the release, President and Chief Executive Officer Philip Martens and Chief Financial Officer Steve Fisher will discuss the results...
The winners of the Aluminium Awards 2012 have been announced. The awards, which set out to recognise product innovation, attracted 63 industrial design and engineering entries from 12 different countries covering both consumer and industrial products. In the automotive and transport category the...
The recent inauguration of Asia’s largest beverage can recycling plant in South Korea by Novelis Inc., a global leader in aluminum recycling and rolling, is one more feather in India’s Aditya Birla Group’s cap. The move also underlines the soundness of a decision that group took some years ago to...
The Aluminum Association's membership re-elected four members of the Board of Directors per the work of the Association's Nominating Committee chaired by Tony Farraj, Commercial Vice President for Global Can Sheet at Alcoa. The Association elected Jean Simon, President and Chief Executive Officer,...
Roland Harings, Vice President of Global Automotive for Novelis, is bullish about the prospects for aluminium in the automotive industry, telling Automotive World's Automotive Megatrends magazine that he expects "a significant step change in the use of aluminium in the body-in-white now for the...
