Novelis to Raise up to US$1.1 bln via Bond Issue

Novelis to Raise up to US$1.1 bln via Bond Issue

Rolled and recycled aluminium firm Novelis Inc. announced a bond issue yesterday intended to raise up to US$1.15 billion for refinancing debt. Novelis initially intended to use the funds to repurchase US$500 million of US$1.1 billion worth of notes due next year,...


Trio of Moves in Novelis’ Executive Team

Atlanta’s Novelis Inc. announced several new appointments to its executive team yesterday, naming two new vice presidents to Novelis North America and a new senior vice president to Novelis Europe. All appointments are effective as of September 1. For the company’s European branch, Emilio Braghi was appointed Senior Vice President, Novelis Inc., and President, Novelis […]

Novelis Turns In Strong Q4 Numbers Thanks to Increased Automotive Offerings

Rolled-aluminium manufacturer Novelis released fourth quarter and FY2016 numbers yesterday. The firm netted US$29 million in Q4, but reported a net loss on the year of US$38 million. When tax-effected special items are taken out of the mix, Novelis’ Q4’s net was US$50 million, which is a 35% increase over 2015’s Q4. Removing the same […]

Novelis, Jaguar Land Rover Develop Aluminium Alloy with Up To 75% Recycled Content

Aluminium rolled products producer Novelis announced yesterday that its new aluminium alloy containing up to seventy-five percent recycled content has been successfully used in structural components in consumer cars and trucks. The alloy, known as RC5754, was developed in conjunction with Jaguar Land Rover and is the basis for the latter’s REALCAR (REcycled ALuminium CAR) […]

Novelis Reports 3Q 2016 Net Income of US$6MM

Atlanta’s Novelis disclosed in a press release today the firm’s net income was US$6 million for the third quarter of fiscal year 2016. Outside of tax-effected items, the firm reported net income of US$32 million in the third quarter of fiscal 2016. The firm reported US$54 million of net income in the third quarter of […]