Novelis

Novelis Posts Record Results in Latest Quarter

Novelis Posts Record Results in Latest Quarter

Atlanta’s rolled and recycled aluminium firm Novelis Inc. reported results for the second quarter of their FY 2018 yesterday, boasting record numbers in several major financial categories. The firm reported net sales of US$2,794 million, up year-on-year from last year’s total of...

Events

Jaguar Land Rover Takes Next Step in Aluminium Recycling with REALITY Program

British multinational car company Jaguar Land Rover Limited announced a new project for reusing recycled aluminium in new car production earlier this week. The program, known as REALITY, is the next step in JLR’s ongoing strategy of harvesting aluminium from end-of-life cars and reintegrating it in new vehicles. The £2-million (US$2.62 million) project builds upon […]

Record Highs Litter Hindalco’s FY2017 Financial and Production Results

Mumbai’s Hindalco Industries Ltd. released results for the fiscal year ending on March 31, boasting record highs in several financial and production categories. The Aditya Birla Group subsidiary turned in a record consolidated EBITDA for the fiscal year of INR13,558 crore, an increase of over one-third year-on-year. EBITDA for the firm’s aluminium operations rose by […]

Novelis Posts Record Gains in Fourth Quarter and Full Fiscal Year 2017

Aluminium rolling and recycling firm Novelis Inc. reported financial results for the fourth quarter and full fiscal year of 2017 yesterday. The firm posted increases across several major metrics in both periods thanks in part to improved aluminium prices and increased operational efficiencies. Novelis net sales rose by nine percent to US$2.6 billion over the […]

Kobelco to Partner with Novelis in Expansion of Aluminium Operations

Japan’s Kobe Steel, Ltd. is rumored to soon announce a multi-million-dollar partnership with Atlanta’s Novelis Inc. to build an aluminium plant to supply the latter’s processing plants abroad. The Nikkei Asian Review reported yesterday that Kobelco could announce the US$263-million to US$350-million new aluminium plant as early as tomorrow. The proposed plant will be built […]

Novelis Inks Deal with Chinese Electric Automobile Maker NIO

Atlanta’s rolled and recycled aluminium firm Novelis yesterday announced a partnership to provide its proprietary aluminium alloys to Shanghai electric automobile start-up firm NIO. The agreement has Novelis supplying to NIO its Novelis Advanz alloy to the Chinese automaker from its plant in Changzhou. Novelis aluminium will be used throughout NIO’s electric sport-utility vehicles, including […]