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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Volkswagen Group, a German public multinational conglomerate manufacturer of passenger and commercial vehicles, is reportedly considering closing one of its large vehicle plants and one component factory in Germany as part of the ongoing cost-cutting drive at its core VW brand. Cost curtail goal...
Novelis Inc., a global leader in sustainable aluminium solutions and the foremost authority in aluminium rolling and recycling, is pleased to announce the successful fulfilment of its Green Bond financial commitments. This milestone highlights Novelis' unwavering commitment to sustainability,...
An attempt to list Novelis Inc. on the U.S. stock market is now projected for 2025, according to Satish Pai, Managing Director of Hindalco Industries Ltd. This follows the postponement of the aluminium subsidiary's initial public offering, which was originally scheduled for 2024 but was delayed in...
Novelis Inc., an American industrial aluminium company that has etched its name in flat-rolled product manufacturing and recycling, announced the first quarter results for FY2024-25, which ended June 30. The results revealed robust earnings growth, led by a double-digit increase in beverage...
The recent flooding in Switzerland has sent shockwaves across the global automotive industry, with Jaguar Land Rover at the epicentre of the disruptions. The devastation at a crucial aluminium supplier's factory has led to a scarcity of aluminium alloys, impacting the production lines of several...
Nivea, the brand synonymous with the colour blue, is internally transforming itself into a green company by increasing the use of recyclable aluminium as a raw material for its packaging solutions. According to the latest reports, Beiersdorf, a German multinational company, has committed to making...
Amid an unprecedented supply shortage of aluminium alloy, Porsche AG has reduced its sales and profit outlook, which has led to the German company’s shares falling 4 per cent to the bottom of Frankfurt’s blue-chip index. The news came after the luxury sports car maker said that a shortage of...
Novelis Inc., a premier provider of sustainable aluminium solutions and the global leader in aluminium rolling and recycling, announced an investment of approximately $90 million to expand its recycling capacity for used beverage cans (UBCs) at the Latchford plant. The investment encompasses the...
Aluminium Stewardship Initiative (ASI) has successfully certified Novelis Inc. for its North American operations against the Chain of Custody Standard V1 (2017) Certification. The certification has been passed on, acknowledging Novelis’ regional management functions at its corporation headquarters...
The world's leading provider of sustainable aluminium solutions and a global leader in aluminium rolling and recycling, Novelis Inc., has announced significant executive leadership appointments to foster global growth and promote aluminium as the preferred material for circular solutions. Roberta...
Secretary of State Diego Morales recently visited the Novelis aluminium production and recycling plant in Terre Haute, Indiana. Novelis, a global leader in the field, specialises in providing rolled, recycled aluminium to a wide array of international clientele. The facility is renowned for its...
On June 5, 2024, Novelis announced that it deferred the initial public offering due to market conditions for an indefinite time. It said the company would evaluate the situation and decide on a suitable time for rolling out the offering. According to a report last week, Novelis was targeting to...
Novelis Inc., an American industrial aluminium company and an independent subsidiary of Hindalco Industries Limited, reportedly aims to raise $945 million in a US IPO by selling 45 million shares for $18-21 each. This IPO may even generate $1.08 billion of capital for Novelis if the green shoe...
According to a Bloomberg report on Wednesday, May 8, Hindalco Industries Limited is seeking about $1.2 billion in the initial public offering of its US-based unit Novelis. The aim is to list Novelis on the New York Stock Exchange by September 2024. Hindalco, one of India’s largest aluminium...
Novelis Inc., the premier manufacturer of flat-rolled aluminum goods and the globe's largest recycling company, disclosed its financial performance for the fourth quarter and fiscal year 2023-24 on May 6, 2024. The company highlighted that its results were predominantly bolstered by the advantages...
The global heavy metal industry is undergoing a significant transformation. It is prioritising the use of recycled materials to eradicate carbon emissions and promote sustainable practices. In response to escalating environmental concerns and climate volatility, international heavy metal brands are...
Four prominent flat-rolled aluminium manufacturers, members of the European Aluminium Packaging Group (EAPG)—Constellium, Elval, Novelis, and Speira—have agreed to collaborate on a standardisation initiative to enhance the recycled content levels of beverage cans. This initiative is geared towards...
In this week's developments, the aluminium industry continues its journey towards sustainability and innovation, embracing eco-friendly practices and circular economy principles. Amazon's strategic investment in Glacier, a pioneering AI sorting technology, underscores a pivotal step towards...
