Novelis Inc.

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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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 firm reported a net income from continuing operations of US$144 million, which is […]

Sale Of Duffel Plant To Alvance Clears Path For Novelis Purchase Of Aleris

Atlanta’s rolled and recycled aluminium firm Novelis Inc. yesterday announced the completion of the sale of its operations in Duffel, Belgium to GFG Alliance’s international aluminium subsidiary Alvance in compliance with conditions placed on it by the EU and China for purchase of Aleris. Novelis received payment of €210 million in cash from GFG Alliance, […]

Strong Performances Leading Into The Quarter Help Novelis Weather Coronavirus Economy

Atlanta’s rolled and recycled aluminium firm Novelis Inc. reported results for the first quarter of fiscal year 2021 yesterday. Though financial numbers were down in the quarter, a sustained strong performance leading into the quarter helped limit the damage from a pandemic-stricken market. For the just-ended quarter Novelis reported a net loss of US$61 million, […]

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 […]