Novelis

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...

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 […]

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 […]

Novelis Breaks Ground On US$36 Million Expansion And Upgrade Of NE Georgia Aluminium Recycling Plant

Atlanta’s rolled and recycled aluminium firm Novelis Inc. commenced construction on its US$36 million expansion and upgrade of its Greensboro, Georgia plant yesterday. The upgrades, which include state-of-the-art recycling equipment, a new dust-mitigation system, and an overall traffic redesign aimed at increasing safety and efficiency, are expected to be completed over the course of the […]