Aleris

Novelis Net Income Jumps 186% In The Fourth Quarter Of FY 2020

Novelis Net Income Jumps 186% In The Fourth Quarter Of FY 2020

Atlanta’s rolled aluminium firm Novelis reported financial and production results for the fourth quarter and full year of 2021 on Wednesday. For 2020s fourth quarter Novelis recorded a 186-percent jump in net income on the year to US$180 million. Net income from...

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Events

Arbitrator Compels Sale Of Aleris’s Lewisport Plant For DOJ Approval Of Novelis Buy-Out

Arbitrator Compels Sale Of Aleris’s Lewisport Plant For DOJ Approval Of Novelis Buy-Out

The arbiter assigned to the dispute between the United States Department of Justice and Atlanta’s rolled and recycled aluminium firm Novelis Inc. determined Aleris must sell its plant in Lewisport, Kentucky to satisfy the department’s antitrust concerns in relation to Novelis’ buy-out. Earlier this week the arbitrator found that aluminium and steel are not of […]

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Novelis Receives Final Regulatory Approval For Aleris Purchase From Chinese Regulators

Novelis Receives Final Regulatory Approval For Aleris Purchase From Chinese Regulators

Atlanta’s rolled and recycled aluminium firm Novelis Inc. announced on Friday the receipt of approval from China’s State Administration for Market Regulation (SAMR) for its US$2.6 billion buy-out of Aleris Corporation. Per the firm, this is the final approval required for the purchase, as it has already received a sign-off on the transaction from the […]

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Aleris Posts Record Adjusted EBITDA Of US$25 Million In Q3

Aleris Posts Record Adjusted EBITDA Of US$25 Million In Q3

Cleveland rolled aluminium firm Aleris International, Inc. reported results for the third quarter and first nine months of 2019 yesterday. The firm’s numbers were up nearly across the board thanks in large part to increased demand and a favorable product mix. In the third quarter the firm reported a net income of US$25 million, reversing […]

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European Commission Approves Novelis Purchase of Aleris

European Commission Approves Novelis Purchase of Aleris

Atlanta’s rolled and recycled aluminium firm Novelis Inc. said yesterday that its proposed acquisition of Aleris has been approved by the European Commission. Per the firm, the approval is contingent upon Novelis’ sale of Aleris’ Duffel operations, which produce automotive aluminium and specialty aluminium products. Novelis says it is diligently working to find a new […]

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