Novelis Inc.

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....

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Sources Say European Commission Blessing Of Novelis Purchase Of Aleris Is Imminent

Sources say Atlanta’s rolled and recycled aluminium firm Novelis Inc. is on the verge of obtaining approval from the European Union for its US$2.6 billion offer to purchase Aleris. Reuters said anonymous sources claiming inside knowledge revealed to them on Thursday that the linchpin to antitrust approval came with Novelis’ promise to sell the Aleris […]

Novelis To Partner With Georgia Tech On Innovation Hub

Atlanta’s rolled and recycled aluminium firm Novelis Inc. and the Georgia Institute of Technology (Georgia Tech) announced earlier this week a US$2.5 million project to establish the Novelis Innovation Hub at Georgia Tech to support research and other educational pursuits that connect Novelis’ experts with the faculty and students at Georgia Tech. Novelis says the […]

Novelis Shipments Rise By 4 Percent to 830 Kilotonnes In Latest Quarter

Atlanta’s rolled and recycled aluminium firm Novelis Inc. reported results for the first quarter of fiscal year 2020 yesterday. Favorable market conditions helped propel the firm to a strong showing in the quarter. For the just-ended quarter Novelis reported net sales of US$2,925 million, down on the year from last year’s first-quarter sales total of […]