sheet aluminium

Globitas Purchases Aluminium Wholesaler HEGO For An Undisclosed Sum

Globitas Purchases Aluminium Wholesaler HEGO For An Undisclosed Sum

Earlier this month Netherlands independent investor Globitas took title to compatriot aluminium and steel wholesaler HEGO NL for an undisclosed sum. HEGO said in a press release that the move was done to focus on innovation, digitization, and new business models. Neither...

Events

Novelis Debuts New 25 Percent Stronger Automotive Aluminium Alloy

Atlanta’s rolled and recycled aluminium firm Novelis Inc. announced yesterday the launch of a new aluminium alloy designed specifically for automotive body sheet. The new alloy, christened Advanz 6HS-s650, is a 6xxx-series aluminium alloy that Novelis says surpasses the automotive industry’s standards for strength, lightweighting, formability, performance, and structural integrity. With a reported in-service strength […]

Alcoa Inks US$470 MM Multi-Year Contract with Embraer

American aluminium producer Alcoa announced yesterday that it has signed a multi-year agreement with Brazilian aerospace conglomerate Embraer S.A. According to the press release, the contract will be worth about US$470 million. The new agreement will have Alcoa providing Embraer with aluminium sheet and plate for the latter’s new E2 project. The E2 is the […]

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 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 […]