Novelis Inc.

Novelis Records Record Production, Financial Results In July To September Quarter

Novelis Records Record Production, Financial Results In July To September Quarter

Atlanta’s rolled and recycled aluminium firm Novelis Inc. reported financial results for the first quarter of fiscal year 2021 on Monday. Despite a very difficult global market, the firm managed several record financial highs. During the three months ending September 30 the...

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 […]

BMW Implements Aluminium Scrap Recycling Program At Plant In Dingolfing

German automaker BMW AG said last week its press shop in Dingolfing is the company’s first-ever site to separate out and recycle aluminium sheet waste generated by the plant. The plant, which is BMW’s largest, required a €6.5 million retrofit to accomplish the goal of fully recycling the entirety of its scrap aluminium waste, but […]

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 […]

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 […]