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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Recently, aluminum industry leading company NOVELIS and Changzhou State HiTech Zone signed an agreement that will build automobile aluminum plate manufacturer in this area. The first phase will invest in 0.1 billion dollars and it is likely to provide products to Asia automakers after finished....
Aluminum products maker Novelis Inc, which has cut its fiscal 2012 earnings estimate because of lower shipments and soft demand, will close its Saguenay Works in Jonquiere, Quebec. The plant has 157 staff and production employees and makes aluminum coils to supply other Novelis facilities. It will...
Keynote presentation looking at "the key strategic threats for aluminium producers" with Saeed Fadhel Al Mazrooei, President and CEO, EMAL, Jacynthe Côté, CEO, Rio Tinto Alcan, Abdulla J.M. Kalban, President and CEO, DUBAL, Phil Martens, President and CEO, Novelis Inc, Chris Ayers, EVP and...
China’s aluminum demand is expected to grow at 8 to 10 percent annually on average for the next five years, supported by use in beverage cans and automotive sheets, according to Novelis Inc., the world’s largest user. The company is “very bullish” on a range of aluminum usage, Philip Martens, chief...
Aluminium-rolled products maker Novelis today said it will invest $100 million to set up a manufacturing plant at Changzhou in China with a capacity of 1.2 lakh tonne a year to cater to the auto sector. The company, a subsidiary of Aditya Birla Group flagship Hindalco Industries, signed a pact with...
China’s aluminum demand will grow 8 to 10 percent annually on average for the next five years on uses from beverage cans to cars, driving up prices over time, according to Novelis Inc., the world’s biggest user. “One would expect the demand in China and Asia to drive up the aluminum price, given...
Aluminium demand is expected to grow at an annual rate of 7-8 percent in China and 4-5 percent globally, for an indefinite number of years, the chief executive of Novelis Inc said on Wednesday. Phil Martens, CEO of the world's top maker of aluminium rolled products and aluminium can recycling, was...
Novelis bills itself as the world's largest producer of rolled aluminum and the leader in beverage can recycling. It employs 11,000 people in 11 countries, and its customers include big names such as Coca-Cola and Anheuser-Busch. But here in Atlanta, where it is headquartered, the company is...
Novelis, owned by the Aditya Birla Group flagship company, Hindalco Industries, has been selling its loss-making assets for a while, even if it means selling a smelter in a high-growth market like Brazil. Now, it has gone a step ahead and decided to sell a business that is doing well, but doesn’t...
The automotive products group of Lydall, Inc. LDL +0.33% announced today that its constrained layer damping (CLD) heat shield product won the 2012 AluFoil Trophy in the Technical Innovation category. "The European Aluminum Foil Association judges liked the simple, but effective use of aluminium to...
Aluminum products maker Novelis Inc is selling three foil-manufacturing plants in Europe to focus on premium product markets such as beverage cans and automobiles, it said on Monday. The company, which is the U.S. unit of India's Hindalco Industries Ltd, said the buyer was American Industrial...
Coca-Cola Bottlers’ Sales & Services Company LLC (CCBSS), the Coca-Cola entity purchasing aluminum can sheet for the Coca-Cola System in North America, and Novelis Inc., a producer of aluminum rolled products, have announced the signing of a multi-year agreement for the supply of aluminum can...
HDFC Securities has given a hold recommendation on Hindalco with a target price of Rs 150. The stock has risen 38 per cent from the start of the year and is now trading at 5.7 times FY13EV/EBITDA. "We like the company for its hedged aluminium price play and stable cash flows from Novelis, potential...
The aluminum company Novelis Inc., headquartered in Atlanta, has appointed Tom Walpole to the position of senior vice president of Novelis and president of Novelis North America. The appointment is effective immediately. In his new role, Walpole will lead the company's North American activities in...
Angel Broking has maintained neutral rating on Hindalco Industries , in its February 10, 2012 research report. "For 3QFY2012, Hindalco's standalone profit declined by 1.9% yoy while Novelis reported a net loss of US$12mn. We recommend Neutral on the stock." "Hindalco's standalone net sales...
Aluminum products producer Novelis cut its fiscal-year earnings estimate for the second time, citing lower shipments because of soft demand in Europe and weakness in its electronics business in Asia. But the U.S. unit of top Indian aluminum producer HindalCo Industries Ltd said it was seeing signs...
Indian shares dropped 0.4 percent on Thursday on concerns about earnings outlook and investors took profits after the main index rallied 15 percent over the past five weeks. Hindalco Industries, the country's largest aluminium maker, fell 5.5 percent after its U.S. unit Novelis cut its fiscal year...
Aditya Birla Group firm Hindalco is likely to report a fall in net profit on account of higher input costs in the third quarter ending December 2011. A sharp depreciation in the rupee is likely to cushion the impact of fall in aluminium prices though. Shares of the company plunged 6% in a flat...
