Novelis

Novelis Reports Net Income Jump Of 33 Percent To US$259 MM In Latest Quarter

Novelis Reports Net Income Jump Of 33 Percent To US$259 MM In Latest Quarter

Atlanta’s rolled aluminium firm Novelis reported results for the fiscal third quarter of FY 2022 this week, turning in strong numbers despite significant supply chain challenges. For the third fiscal quarter Novelis reported a net income from continuing operations of US$259 million,...

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Events

Novelis Plans US$130 MM Expansion At Oswego Flat Rolled Aluminium Plant

Novelis Plans US$130 MM Expansion At Oswego Flat Rolled Aluminium Plant

Atlanta’s rolled aluminium firm Novelis said this week it plans to invest around US$130 million for upgrades at its Oswego, New York plant in order to increase its capacity for production of sustainable flat-rolled aluminium. Novelis says the capex project will add 124 thousand metric tons per annum of hot mill capacity and an enhancement […]

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Aluminum Stewardship Initiative Certifies Remaining Novelis Europe Sites

Aluminum Stewardship Initiative Certifies Remaining Novelis Europe Sites

Trade group Aluminium Stewardship Initiative announced this week that it provisionally certified the remainder of Novelis’s European production sites under its Performance Standard, granting the remelting, casting, and rolling activities at Voerde and Koblenz. The aluminium plants at Voerde and Koblenz were awarded provisional certification due to ASI’s policies established during the current coronavirus pandemic. […]

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Novelis And Georgia Tech Expand Partnership On Aluminium Innovation

Novelis And Georgia Tech Expand Partnership On Aluminium Innovation

Atlanta’s rolled aluminium firm Novelis announced this week the expansion of its partnership with the Georgia Institute of Technology (Georgia Tech) on the Novelis Innovation Hub. The partnership will explore new areas in materials and process research with an eye toward increased sustainability and zero-carbon production by mid-century. Novelis says the partnership will continue building […]

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Novelis Completes US$150 MM Expansion Of Brazilian Aluminium Plant

Novelis Completes US$150 MM Expansion Of Brazilian Aluminium Plant

Atlanta’s rolled aluminium firm Novelis announced the completion of its US$150 million expansion of its aluminium rolling and recycling capacity at the Pindamonhangaba, Brazil plant this week. Novelis increased capacity of both its aluminium recycling and rolling operations at the plant by 100 thousand metric tons. With the new capacity, the plant is now capable […]

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Novelis Net Income For First Quarter Of FY 2022 Rises To US$303 MM

Novelis Net Income For First Quarter Of FY 2022 Rises To US$303 MM

Atlanta’s rolled aluminium firm Novelis released results for the first quarter of fiscal year 2022 this week. The firm reported a strong bounce back from coronavirus-related numbers of a year ago. For the fiscal first quarter Novelis turned in a net income of US$303 million, an increase of 597 percent on the year. Net income […]

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