Ford adjusted EBIT jumps 90% in H1 2026 while Q2 revenue falls 4%: How it navigated aluminium and low sales pressures
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...
Oswego restart, Bay Minette aluminium project fuel Novelis’ 71% Q1 FY27 profit
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 set to get RS7,660 crore from Novelis
...The Aditya Birla Group’s flagship firm is set to receive about $1.7 billion or `7,660 crore from Novelis Inc, the Atlanta-based aluminium cans giant, from the proceeds of a $2.5 billion bond sale...
UPDATE 1-Novelis to close smelter in Brazil
...Novelis Inc, a unit of Indian aluminium maker Hindalco Industries Ltd (HALC.BO: Quote), said it will shut a 60,000 tonnes-a-year smelter in Brazil due to high operating costs and energy prices, affecting about 300 employees...
Novelis Receives Architectural Environmental Award in Dubai
...Novelis was honored in November with a Silver Gaia Award at the Big 5 international building and construction exhibition in Dubai. The award recognizes the environmental benefits of the company's pre-painted cladding sheet ff2ECOplus, which was developed to meet the low-carbon requirements of...
Novelis Names Sustainability Executive
...Novelis Inc., an Atlanta-based manufacturer of rolled aluminum products, has created a new executive position to develop the company's plan for global sustainability...
Hindalco to increase aluminium production
...Hindalco, the metal flagship of India's Aditya Birla Group said that the company's US based unit Novelis will increase its aluminium production capacity by 20% by 2014...
Novelis to raise $4 bln to help Hindalco refinance debt-report
...Novelis Inc, a unit of Indian aluminium maker Hindalco Industries Ltd (HALC.BO: Quote), plans to raise $4 billion to refinance the loans borrowed by Hindalco in 2007 for its acquisition of Novelis, the Economic Times said on Wednesday...
Hidalco stock on the roll
...The stock of Hindalco has been on a roll in the last three months, driven by recovery in aluminium prices and strong performance at Novelis, its US subsidiary. Analysts expect the stock to continue the strong performance in the medium term, driven by new initiatives in the domestic market and...
Inside the Novelis turnaround
...It was steak for lunch. As the two Indians at the JW Marriott in Atlanta cut into it, they gave the American seated across the table something to chew on. “We would like to buy Novelis.” Debnarayan Bhattacharya, the managing director of Aditya Birla group flagship Hindalco Industries , which was...
Inside the Novelis turnaround
...It was steak for lunch. As the two Indians at the JW Marriott in Atlanta cut into it, they gave the American seated across the table something to chew on. “We would like to buy Novelis.” Debnarayan Bhattacharya, the managing director of Aditya Birla group flagship Hindalco Industries , which was...
Novelis issues reassurance over plant closure
...Aluminium giant Novelis has stressed that its recycling activities in the UK will not be affected by the proposed closure of its foil rolling and packaging production plant at Bridgnorth in Shropshire...
Novelis Announces Investment to Meet Rising Demand for Aluminum Sheet
...Novelis today announced that it will invest a further US$11.3 million to help meet growing demand for the aluminum sheet produced at its Sierre, Switzerland, rolling operation...
Novelis Announces New Investment at Swiss Rolling Mill
...Novelis today announced that it will invest a further US$11.3 million to help meet growing demand for the aluminium sheet produced at its Sierre, Switzerland, rolling operation...
Novelis Announces New Investment at Swiss Rolling Mill
...Novelis today announced that it will invest a further US$11.3 million to help meet growing demand for the aluminium sheet produced at its Sierre, Switzerland, rolling operation...
Novelis plans Bridgnorth, UK plant closure
...The firm is blaming competition from other countries, over capacity in the foil market and also said its Bridgnorth plant was at a technical disadvantage compared to its others in Europe...
Novelis Announces Price Increase on Aluminium Rolled Products in Europe
...Novelis today announced that it is increasing the prices of the speciality sheet products that it sells to European distribution and industrial customers. The company's fabrication charge will increase by up to 100 Euros per tonne, depending on the product...
Novelis profit drops 65% in Q1
...Novelis Inc, the Canadian subsidiary of the country’s largest aluminium producer, Hindalco Industries, said its first-quarter net profit fell to $50 million, from $143 million in the year-ago period, due to mismatch in realisation of derivatives...
Novelis sees Aluminium at USD 1800 to USD 2400 per tonne
...Reuters reported that Aluminium prices are likely to remain in a range of USD 1,800 per tonne to USD 2,400 per tonne for at least the next 2 years as production increases are offset by rising demand...
INTERVIEW-Novelis Sees Aluminium at $1,800-$2,400/T Range
...Aluminium prices are likely to remain in a range of $1,800 to $2,400 a tonne for at least the next two years as production increases are offset by rising demand, Novelis [NVLX.UL] said on Wednesday...
