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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The winners of the 2012 Cans for Cash(TM) City Recycling Challenge were announced yesterday by the United States Conference of Mayors and Novelis Inc., the global leader in rolled aluminum products and aluminum can recycling. Established in 2004, Cans for Cash(TM) is a national contest that rewards...
Senior vice president and chief commercial strategist at Novelis, Erwin Mayr always delivers a thought-provoking and well-put-together presentation, and at this year’s Harbor Aluminum Outlook conference, he focused his sights on light-weighting in the auto industry with aluminum — depending on whom...
The Tri-Oswego 2012 Triathlon committee and Novelis Oswego Works are asking the community to participate in an aluminum can recycling drive at the Tri-Oswego Triathlon and Novelis Kids’ Fun Run, planned for this Saturday, June 16th in Oswego, New York. Novelis, the presenting sponsor of the...
Aluminum products maker Novelis Inc. plans to become the world's largest recycler and is on track to boost its use of recycled aluminum to 50% of raw material by 2020, President and Chief Executive Phil Martens said Tuesday at the American Metal Market Aluminum Summit in New York. The company will...
Reuters cited Mr Phil Martens CEO of Novelis Inc as saying that scrap dealers are reluctant to sell their used beverage cans due to a sharp slump in aluminum prices, giving the world’s largest flat rolled aluminum maker even more impetus to expand its own recycling capacity. Mr Phil Martens said...
Novelis president and CEO Philip Martens recently spoke to Construction Weekly about the role of polyethylene ‘sandwich’ panels in the recent spate of building fires. He highlighted on the architectural products manufactured by Novelis and their safety features. Extracts from the interview: For...
Novelis Inc., the Atlanta-based world leader in rolled aluminium products and can recycling, announced today that its senior vice president and chief financial officer, Steve Fisher, has been named Atlanta's CFO of the Year by the Atlanta Business Chronicle. The Atlanta-based business publication...
Aditya Birla group’s Hindalco Industries, which posted lacklustre March quarter results, may find a saviour in Novelis – the US firm it bought in 2007 for $6billion. Novelis, now its US subsidiary, is expected to report stable or even better-than-expected results on Thursday as it is largely...
Novelis, the US based subsidiary of Hindalco Industries, has earmarked capital expenditure of $600-700 million primarily focused on its global expansion of projects in Brazil, South Korea, China and the United States. “We will have negative cash flow in the first quarter of 2012-13. We will invest...
Novelis, the US unit of India's largest aluminum producer Hindalco Industries Ltd , posted a quarterly loss, hurt by lower average aluminum prices and sales. However, the company expects a rise in demand for aluminum-rolled products in Asia, driven primarily by China, over the next five years. The...
Novelis, the world's largest producer of rolled aluminum and the world's leading supplier of aluminum sheet to the automotive market, announced today that its material is featured extensively in the newly launched 2012 Mercedes-Benz SL. The latest-generation model marks the first full-production...
NEW YORK (Reuters) - Novelis Inc. , the world's largest maker of aluminum sheet, said strong U.S. automotive sales this year would help drive U.S. demand for products using aluminum at a pace consistent with an expected 2 percent growth in U.S. gross domestic product. "We look at the U.S. economy,...
Following are comments on London Metal Exchange rules for delivering industrial metals from stockpiles and on aluminum demand by Philip Martens, chief executive officer of Novelis Inc. Martens spoke yesterday in an interview in Abu Dhabi. Novelis, an Atlanta-based unit of Hindalco Industries Ltd....
Aluminum products maker Novelis Inc. may sell more of its non-core foil interests after 2012 to focus on increasing sales for products like drinks cans, and for use in cars and electronics, its chief executive said on Tuesday. The U.S. unit of India’s Hindalco Industries Ltd. said in March it was...
US-based aluminum rolled products maker Novelis (NYSE: NVL) will invest US$400mn in Brazil to raise production capacity to meet the expected increase in domestic consumption to 4.5Mt/y by 2025, senior VP and president of Novelis South America, Marco Palmieri, said at the V international aluminum...
Novelis Inc., the world's leading producer of premium aluminum rolled products, announced today three leadership moves that will further drive the company's growth strategy. Jack Clark has been appointed Chief Technical Officer; Shashi Maudgal has been appointed Senior Vice President and President...
Novelis has declared the closure of its Jonquire, Quebec, Canada-based Saguenay Works facility. Once the transition is completed, production will be stopped in August 2012. According to the President and CEO at Novelis, Philip Martens, the company still has a significantly strong long-term...
Aluminium recycling firm Novelis has resumed purchasing cans on the spot market after temporarily stopping earlier this year. The company had placed restrictions on can purchases for its 130,000 tonne capacity plant in Warrington during the early months of 2012. The move was prompted by a low...
