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 leading producer of aluminium rolled products also registered a 4 per cent dip in net sales to $2.5 billion for the December quarter due to lower shipments and a decrease in average aluminium prices, a company statement said. Novelis, a subsidiary of Hindalco Industries, has registered a net...
Novelis Inc. will report its earnings for the third quarter of fiscal year 2012 on Wednesday, February 8, 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...
After you finish that can of beer or soda, if you toss it in the recycling bin, odds are good that it’ll end up as one bit of Atlanta-based Novelis’ campaign to turn itself into one of the world’s greenest — and most profitable — aluminum processors. Only a few years ago, after it was acquired in...
Novelis Korea has placed an order with Siemens VAI Metals Technologies for a tandem cold rolling mill. The plant will produce flat strip for the beverage can industry in Yeongju, South Korea and is due to start production in 2013. Siemens will supply all the electrical engineering and equipment,...
Novelis Korea Limited has placed an order with Siemens VAI Metals Technologies to equip its new aluminum cold rolling mill with automation and drive systems. The plant is a tandem mill which will produce high quality flat strip for the beverage can industry in Yeongju in Korea. The value of the...
US aluminum sheet maker Novelis is looking to a strong long-term outlook in the aluminum market, with automotive up almost 25%, specialty products up 6% and 4-5% in beverage can through 2015, said Nick Madden, senior vice president and chief procurement officer. Speaking at the Platts Aluminum...
Renewal of the Coca-Cola bottlers-Novelis deal and commencement of new domestic capacity should boost volumes. After touching a 52-week low on January 2, Hindalco shares got a boost, as its US arm, Novelis Inc, renewed its can-body sales agreement with global beverage giant Coca-Cola. Also, the...
Hindalco Industries climbed 4% to Rs 127.10 after Novelis Inc, also part of the Aditya Birla Group, renewed its can-body sales agreement with Coca-Cola Bottlers' Sales & Services Company (CCBSS). A Novelis statement released late on Tuesday said the two companies had signed a multi-year agreement...
Novelis is to supply Coca-Cola Bottlers' Sales Services Company, the Coca-Cola group that buys aluminium can sheet for Coca-Cola in North America. The agreement covers the supply of aluminum can body stock, can end stock and can tab stock to the producers of beverage cans for Coca-Cola in North...
Novelis, one of the largest producers of aluminum rolled products, has signed a multi-year agreement with Coca-Cola North America to furnish the beverage giant supplies for its cans. Terms of the deal, including its length, were not disclosed. Atlanta-based Novelis, a long-time supplier of aluminum...
Atlanta-based Novelis, a producer of rolled aluminum products, has announced plans to invest about $50 million to install a coating line for beverage can end stock at its operations in Pindamonhangaba, Brazil. The company forecasts aluminum beverage can demand in South America to grow by 7 percent...
Novelis Inc. has commissioned a recycling center expansion at Aluminium Norf GmbH in Neuss. Hannelore Kraft, Prime Minister of North Rhine, officially opened the new facility at a ceremony attended by company representatives, customers and local officials. The event marked the commissioning of the...
Novelis Inc. reported net income attributable to its common shareholder of $120 million for the second quarter of fiscal 2012 compared to net income of $62 million for the same period in fiscal 2011. Shipments of aluminum rolled products totaled 720 kilotons for the second quarter of fiscal 2012, a...
ET reported that the Aditya Birla Group after a closely fought contest with global biggies, bought out Canada's Novelis one of the world's largest rolled aluminum makers, for USD 6 billion. But what caught attention in the Novelis deal was that Essel Mining & Industries, a little known, unlisted,...
Novelis, the world's largest producer of rolled aluminum, today announced it will invest approximately $50 million to install a coating line for beverage can end stock at its operations in Pindamonhangaba, Brazil. "This expansion is the most recent step in an ongoing program to expand our...
Emkay Global Financial Services is bullish on Hindalco Industries and has recommended accumulate rating on the stock with a target of Rs 154 in its December 16, 2011 research report. “Hindalco Industries, Novelis to remain the key growth driver with an EBITDA of more than US$1 bn, largely immune to...
Aluminium Company of Malaysia Berhad (Alcom) has commissioned a $5M expansion at its Bukit Raja, Malaysia, facility. The producer of rolled aluminium said the expansion consisted of a tension leveler system designed to improve coil flatness and surface cleanliness for overall quality and product...
Through Novelis, Hindalco is trying to capture the upstream market of value added aluminium products such as beverage cans. Novelis also makes aluminium for cars. Novelis plans to invest between $500-600 million (roughly Rs 3,120 crore) in its global expansion plans in the current year. Most of...
