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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Hindalco Industries' 1QFY13 EBITDA were 36%/38% below our/street estimates, respectively, on lower copper and aluminium production due to planned plant shutdown and temporary disruption, respectively. PAT was just 10%/17% below our/street estimates, respectively, primarily due to a significant jump...
Guess what is the connection between Soccer World Cup 2014, Olympics 2016 and Hindalco? Well, it is the beer can. Keeping (also) in mind the two major global sporting events in Brazil, Hindalco’s wholly owned subsidiary, Novelis, is creating large capacities in the South American country, products...
Global aluminium producer Novelis has reported lower earnings for the first quarter of its 2012/13 fiscal year due to decreased volumes and lower scrap benefits year-on-year. Its EBITDA was $259 million for the quarter up to 30 June down 15 per cent year on year from $306 million reported in the...
Aluminum prices are likely to stay near their current low levels for the next nine to 12 months, pressured by a supply overhang of the lightweight metal, the chief executive of aluminum products maker Novelis Inc. said Tuesday. Benchmark aluminum prices on the London Metal Exchange have traded near...
Hindalco Industries Ltd’s domestic operations struggled in the aftermath of lower metal volumes and prices, even as costs headed north. The only spot of good news is that Novelis Inc., its international subsidiary, is doing well as rising conversion premiums for its value-added aluminium products...
Novelis Inc. will report its earnings for the first quarter of fiscal year 2013 on Tuesday, August 14, 2012. Following the release, President and Chief Executive Officer Philip Martens and Chief Financial Officer Steve Fisher will discuss the results via a live web and audio conference call for...
The world’s largest recycler of used aluminium cans, Novelis, has announced they will be establishing a new buying organization for the collection of used beverage cans (UBCs) which will make the company the largest UBC procurement company in North America. This follows the announcement that...
Aluminum products maker Novelis said on Monday it has pulled out of a joint venture with Alcoa Inc to recycle beverage cans and will set up its own recycling business. Alcoa said it would assume full control of the Evermore joint venture effective Aug. 31. The two companies have been partners since...
Despite the current sluggishness in the non-ferrous metals markets, India’s Aditya Birla Group has some pretty big plans for the aluminum and copper sectors. To begin with, the Group’s flagship company, Hindalco, also India’s largest non-ferrous metals producer, has made some headway by raising...
Novelis Inc. today announced it has completed the sale of three European aluminum foil and packaging plants to Eurofoil, a unit of American Industrial Acquisition Corporation (AIAC). The transaction includes foil rolling operations in Rugles, France; Dudelange, Luxembourg; and Berlin, Germany,...
The stock of Hindalco Industries, one of the biggest underperformers from the metals sector so far this year, has risen 3.25% to Rs 119 on the Bombay Stock Exchange so far in trade today, a day after the company announced its consolidated per share earnings rose 38% for the year ended March 2012....
The Aditya Birla Group plans to shut part of its aluminum foil making mill in the UK and relocate the plant to its unit near Nagpur. The move is aimed to crack the whip on unviable units in the European market, which are currently grappling with oversupplies and high energy costs. The Bridgnorth...
Hindalco Industries, an Aditya Birla Group company, registered a 38 per cent increase in consolidated net profit at Rs 3,397 crore (Rs 2,456 crore) in FY12. It recorded the highest-ever consolidated revenue of Rs 80,821 crore (Rs 72,202 crore), aided by better product mix and rupee depreciation....
Novelis, a producer of rolled aluminium and the largest recycler of aluminium beverage cans, has opened its new Global Research & Technology Center outside of Atlanta, Georgia. The company said that the 160,000 square foot (14,860 square metre) facility serves as the global hub its research and...
At a crucial time in the rolled aluminum industry, having an Indian parent company has helped catapult Atlanta-based Novelis Inc. past its competitors, Nick Madden, a senior vice president, said June 21 at the USA India Business Summit. While many firms in the space are either owned by venture...
According to the CEO of aluminium giant Novelis, Phil Martens, the company is preparing to start production of a line of fully-recycled aluminium cans in roughly the next two years. The 100%-recycled beverage can will be manufactured with a single-alloy design rather than with separate alloys for...
Novelis has opened a research and technology center that it hopes will help it improve sustainability and innovation of aluminium for use in the beverage market. The 160,000 square foot Global Research Center will focus on solutions for the company’s can business and will be the central point for...
Novelis, the world's leading producer of rolled aluminum and largest recycler of aluminum beverage cans, today officially opened its new Global Research & Technology Center outside of Atlanta, Ga. The 160,000-square-foot facility serves as the global hub of the company's extensive research and...
