Hindalco Industries Ltd.

Indian Government Considering Enacting Minimum Import Price on Aluminium

Indian Government Considering Enacting Minimum Import Price on Aluminium

The Indian government is mulling placing a minimum import price upon aluminium in order to slow the surge of cheap aluminium flooding the country’s market. India’s Revenue Department in the Ministry of Finance is considering such action after executives from Vedanta, Nalco,...

Trio of Moves in Novelis’ Executive Team

Atlanta’s Novelis Inc. announced several new appointments to its executive team yesterday, naming two new vice presidents to Novelis North America and a new senior vice president to Novelis Europe. All appointments are effective as of September 1. For the company’s European branch, Emilio Braghi was appointed Senior Vice President, Novelis Inc., and President, Novelis […]

Indian Smelters Gearing Up to Take On Flood of Chinese Aluminium

India’s aluminium companies are rebooting in an effort to combat the flooding of their domestic market by the government-subsidized smelters in the People’s Republic of China. Hindalco currently owns 46% of the domestic aluminium market share, but imports from China fill the second-largest slice of the market at just over a one-fifth share. China’s tremendous […]

Novelis Appoints Devinder Ahuja to SVP, CFO

Atlanta-based rolled aluminium firm Novelis Inc. announced yesterday that Devinder Ahuja has been appointed its Senior Vice President, Chief Financial Officer. Ahuja will join the firm first as Senior Vice President, Finance, and Chief Financial Officer Designate on July 19, and would then become its official CFO after it files its 10-Q for the financial […]

Indian Aluminium Firms Renew Call for Tariffs After Action on Imported Steel

India’s aluminium manufacturers continue to lobby their government for protection against low-price imports this week. Representatives from domestic aluminium firms are asking government officials to establish a minimum import price to help stave off what the firms consider dumping from several countries, not the least of which is the People’s Republic of China. “The government […]

Novelis Opens Third Automotive Aluminium Finishing Line in Upstate New York

Atlanta rolled aluminium firm Novelis Inc. commissioned its third automotive finishing line in Oswego, New York, yesterday. It is the result of the company’s US$120 million investment in turning out aluminium parts for Ford Motor Company’s F-150 light truck. “As a result of our investments across the globe, Novelis is able to offer our automotive customers […]