Hindalco

Novelis Boasts 53% Increase in Recycled Content Use in Latest Sustainability Report

Novelis Boasts 53% Increase in Recycled Content Use in Latest Sustainability Report

Atlanta’s rolled and recycled aluminium firm Novelis Inc. released its sustainability report for FY 2016 today. According to the report, the firm achieved a recycled aluminium input of fifty-three percent for the year, which is a twenty-three-percent improvement over baseline levels. Novelis...

Events

Indian Aluminium Producers Forecast Double-Digit Demand Growth

India’s aluminium industry is on the rebound after a period of lower demand, according to domestic aluminium firms. Double-digit growth is on the horizon, they say, thanks to significant increases in automotive sales and industrial activity. Domestic aluminium producers also point to an increased public investment in infrastructure, reforms in the country’s power sector, and […]

Hindalco Turns In Strong Financials for Second Quarter of FY 2017

Hindalco Industries Limited reported unaudited earnings for the second quarter of fiscal year 2017 on Saturday. Numbers for the firm were up, thanks in large part to a strong showing in aluminium. Hindalco’s revenues in the quarter were ₹95.62 billion, which was basically level year-on-year. PBITDA came in at ₹14.93 billion, up 39% year-on-year, and […]

Novelis Reports Numbers for Second Quarter of FY 2017

Novelis reported numbers for the second-quarter of fiscal year 2017 earlier today. The firm reported increases in both financial and production numbers for the quarter. The firm turned in a net loss of US$89 million for the just-ended quarter, down from a net loss of US$13 million in the previous year’s second quarter. Novelis factored […]

European Aluminium Demand Remains Strong: Novelis SVP

Although Europe’s economy is stagnant at present, demand for rolled aluminium is strong. So said Novelis Inc.’s senior vice president and Europe president Emilio Braghi in an interview during LMEs week. “For Europe, we’re seeing good demand in our key markets of can and automotive,” he went on. “This growth is driven by favorable material […]

Novelis Pledges US$1 MM to Habitat for Humanity

Rolled aluminium producer Novelis pledged to donate US$1 million to Habitat for Humanity on Friday, to be distributed over the next five years. The firm indicates that it is doing so in honor of its fifth annual “One Novelis Volunteer Month.” According to the press release, Novelis employees around the globe come together to serve […]