Strong Automotive Sheet Sales Buoy Novelis’ Third-Quarter Numbers

Strong Automotive Sheet Sales Buoy Novelis’ Third-Quarter Numbers

Atlanta’s rolled aluminium firm Novelis released results for the third quarter of fiscal year 2017 on Tuesday. The firm set records for the quarter in adjusted EBITDA and automotive sheet shipments. Novelis delivered a net income of US$63 million in the quarter,...


MIT Researchers Develop Method for More Uniformly Structured Aluminium Casts

Researchers at the Massachusetts Institute of Technology (MIT) say they have developed a method of casting aluminium in a more uniform manner. Such an improvement would lead to significant gains in the casting’s strength and reliability. In order to produce industrial aluminium slabs, small amounts of manganese and copper are mixed in with the molten […]

Novelis Lauded for Recycled Automotive Program

Atlanta’s rolled aluminium firm Novelis Inc. was awarded the European Aluminium Award at Aluminium 2016 in Germany this week. The award was given for the company’s work in developing the Recycled Aluminium Car (REALCAR) project in conjunction with Jaguar Land Rover Limited. REALCAR, which was begun in 2008, is a project to develop a closed-loop […]

Novelis Reports Numbers for Second Quarter of FY 2017

Novelis reported numbers for the second-quarter of fiscal year 2017 earlier today. The firm reported increases in both financial and production numbers for the quarter. The firm turned in a net loss of US$89 million for the just-ended quarter, down from a net loss of US$13 million in the previous year’s second quarter. Novelis factored […]

European Aluminium Demand Remains Strong: Novelis SVP

Although Europe’s economy is stagnant at present, demand for rolled aluminium is strong. So said Novelis Inc.’s senior vice president and Europe president Emilio Braghi in an interview during LMEs week. “For Europe, we’re seeing good demand in our key markets of can and automotive,” he went on. “This growth is driven by favorable material […]

Novelis Pledges US$1 MM to Habitat for Humanity

Rolled aluminium producer Novelis pledged to donate US$1 million to Habitat for Humanity on Friday, to be distributed over the next five years. The firm indicates that it is doing so in honor of its fifth annual “One Novelis Volunteer Month.” According to the press release, Novelis employees around the globe come together to serve […]