Novelis

Novelis’ Net Sales Jumped By 18 Percent On The Year To US$3.1 Billion During Last Quarter

Novelis’ Net Sales Jumped By 18 Percent On The Year To US$3.1 Billion During Last Quarter

Atlanta’s rolled and recycled aluminium firm Novelis Inc. released results for the second quarter of its fiscal year 2019 yesterday, turning in numbers largely down from the same period last year despite a rise in sales. In the just-ended quarter, Novelis reported...

Events

Aluminium Demand In Automotive Sector To More Than Double By 2025: Novelis’ Labat

In an interview with Reuters earlier this week, Pierre Labat, vice president of global automotive at Novelis, said that demand for aluminium by the automotive industry is projected to more than double over the course of the next seven years. Labat said in Thursday’s interview that aluminium is increasingly becoming the go-to metal to replace […]

Novelis Buys Aleris For US$2.6 Billion

In a move that will change the global rolled-aluminium landscape, rolled and recycled aluminium firm Novelis Inc. today agreed to the purchase of Atlanta’s rolled-aluminium firm Aleris for US$2.6 billion plus debt. The merger, which will create a firm with pro-forma revenues of around US$15 billion, is expected to be concluded in 9 to 15 […]

Novelis to Invest US$180 MM in Automotive Aluminium Plant in Eastern China

In a bid to capitalize on the ever-expanding market for automotive aluminium, Atlanta’s rolled and recycled aluminium firm Novelis Inc. announced on Wednesday that it will invest US$180 million in Jiangsu, China. Per the firm, the investment at its facility in Changzhou will involve the addition of a continuous annealing solution heat (CASH) treatment line, […]