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-based Novelis Inc, part of the Aditya Birla group’s Hindalco Industries, Asia’s largest integrated aluminium and copper producer, has raised debt of $225 million (Rs 1,170 crore) to complete the purchase of its Korean subsidiary. It will pay $125 million (Rs 650 crore) cash to seal the...
Atlanta-based Novelis, the world's leading producer of rolled aluminum and the global leader in beverage can recycling, is teaming up with the Atlanta Falcons, Falcons fullback Pro Bowl Ovie Mughelli and the "Commissioner of Tailgating" to promote aluminum beverage can recycling. Falcon's fans are...
Rolling aluminium billets produced at Russian aluminium producer Rusal's smelters have been successfully qualified by Novelis, the world's largest producer of aluminium rolled products, Rusal said Wednesday. Rusal is also working on qualification of its products by auto manufacturers BMW and...
Siemens VAI Metals Technologies has received an order from Novelis Korea to extend its aluminium rolling mill in Ulsan. A three-stand finishing line will be added to the plant and the first strip will be rolled in July 2013. The project is aimed at boosting capacity and enabling future production...
Novelis Inc., the world's largest producer of rolled aluminum and a global leader in aluminum recycling, today announced the commissioning of its euro 14 million recycling centre expansion at Aluminium Norf GmbH (Alunorf) in Neuss. Hannelore Kraft, Prime Minister of North Rhine - Westphalia,...
Aluminum products and recycling firm Novelis Inc. has purchased nearly all of the outstanding shares in its Korean subsidiary for $350 million in cash. Novelis on Nov. 17 announced a deal with Taihan Electric Wire Co. Ltd. and other shareholders to buy 31.2 percent of the company, a move that would...
Novelis, the U.S. unit of India's largest aluminium producer HindalCo Industries Ltd , said its second-quarter profit nearly doubled on the back of higher average aluminum prices. The Atlanta-based aluminum products maker, however, cut its adjusted EBITDA forecast for fiscal 2012 due to the...
Novelis is to invest $32M to expand recycling capacity at its aluminium rolling and recycling complex in Pindamonhangaba, Brazil. This is in addition to a $300M rolling mill expansion currently under way at the plant and a further $30M invested over the past two years to expand recycling capacity...
Novelis Inc., the world's largest producer of rolled aluminium, was presented yesterday with BMW's Supplier Innovation Award at a special ceremony in Munich, Germany. The company was one of nine BMW suppliers to receive the award, which is being presented for the first time this year. Novelis was...
Novelis Inc., the world leader in aluminum rolled products, has provided aluminum for the facade of the iconic Titanic Belfast in Northern Ireland. Commemorating a century since the Titanic's maiden voyage, this dramatic new tourist attraction is poised to open its doors in 2012. The innovative...
Aluminum demand may climb by 8 percent to 10 percent annually over the next three to five years on buying from Asia, led by China, and as more of the metal is used in cars and cans, according to Novelis Inc. “We are seeing some demand increases in automobiles and we continue to see year over year...
The domestic aluminium operations with better margins will be the key driver for both sales and profit growth. Investors with a long-term perspective can consider buying shares in aluminium major, Hindalco Industries, despite upheavals in the global economy and the likely pressure on commodity...
Novelis Inc. announced today that Leslie W. Joyce has been appointed Senior Vice President and Chief People Officer, effective immediately. She will be confirmed as an executive officer of the company at the next Novelis Board of Directors meeting.
The future for aluminum demand is looking pretty nice and shiny.Alcoa is certainly betting on higher long-term auto demand, contrary to what some of the auto sector bears are predicting, by expanding an aluminum plant in Iowa. The expansion wouldn’t be complete until 2013, which goes to show...
Global leader in Aluminium automotive sheet,Novelis, announced today that it has been selected as the sole supplier of aluminum sheet for the all-new Range Rover Evoque, the lightest and most fuel-efficient Range Rover model ever. The first Evoque rolled off the assembly line in Liverpool on July...
Global demand for aluminum will grow by 25% per year over the next four years, according to the forecast by Novelis Inc. The demand for this metal will increase significantly due to automobile manufacturers, that are already using more aluminum in producing motor cars because of a combination of...
Global demand for aluminum rolled products will rise by over 11 million metric tons to 30 millions tons by 2020, a senior executive at Novelis said Friday. Tadeu Nardocci, president of Novelis Europe, told a Metal Bulletin conference in Paris that demand will reach 25 million tons by 2015, driven...
Novelis, the world’s largest producer of rolled aluminum, today announced the opening of a new office in the Shanghai World Financial Center to expand the company’s presence in Asia. To lead the company’s business development in China, Novelis has appointed James Liu as Managing Director, Novelis...
