rolled aluminium

Hulamin Chair Predicts Strong Showing in 2017

Hulamin Chair Predicts Strong Showing in 2017

South Africa’s aluminium semi fabricator Hulamin expects a significantly stronger showing in the current year according to firm chairman Mafika Mkwanazi. He spoke at the company’s annual meeting last week, telling investors that a stronger product mix offered by the firm, a...

Events

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, but subsequently amended the offering to include the entirety of the outstanding notes. […]

Novelis Turns In Strong Numbers for Q1

Atlanta’s rolled and recycled aluminium firm Novelis reported results for the first quarter of its 2017 financial year yesterday. The firm turned in a net income of US$24 million in the quarter, a vast improvement over the US$60 million loss it reported in the first quarter of the previous financial year. Excluding tax-effected special items, […]

Balco Resumes Production of Rolled Aluminium

India’s Bharat Aluminium Company Limited (Balco) began sheet rolling aluminium again last week. The metal major’s sheet rolling shop (SRS) at Korba closed last August due to aluminium dumping by the People’s Republic of China and the associated drop in aluminium prices, causing the shop to run significant financial losses. According to the company, minor […]

South African Firm Hulamin Reports Strong Performance for First Half of 2016

South African rolled and extruded aluminium producer Hulamin released unaudited half-year results for 2016 on Monday, turning in strong numbers for the period. Although the company described market conditions as soft, Hulamin fell just short of doubling the previous year’s entire profits, posting a US$10.57 million result for the first half of this year compared […]

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 […]