Steve Fisher

Novelis Net Income Jumps 186% In The Fourth Quarter Of FY 2020

Novelis Net Income Jumps 186% In The Fourth Quarter Of FY 2020

Atlanta’s rolled aluminium firm Novelis reported financial and production results for the fourth quarter and full year of 2021 on Wednesday. For 2020s fourth quarter Novelis recorded a 186-percent jump in net income on the year to US$180 million. Net income from...

Events

Strong Performances Leading Into The Quarter Help Novelis Weather Coronavirus Economy

Atlanta’s rolled and recycled aluminium firm Novelis Inc. reported results for the first quarter of fiscal year 2021 yesterday. Though financial numbers were down in the quarter, a sustained strong performance leading into the quarter helped limit the damage from a pandemic-stricken market. For the just-ended quarter Novelis reported a net loss of US$61 million, […]

Arbitrator Compels Sale Of Aleris’s Lewisport Plant For DOJ Approval Of Novelis Buy-Out

The arbiter assigned to the dispute between the United States Department of Justice and Atlanta’s rolled and recycled aluminium firm Novelis Inc. determined Aleris must sell its plant in Lewisport, Kentucky to satisfy the department’s antitrust concerns in relation to Novelis’ buy-out. Earlier this week the arbitrator found that aluminium and steel are not of […]

Novelis Receives Final Regulatory Approval For Aleris Purchase From Chinese Regulators

Atlanta’s rolled and recycled aluminium firm Novelis Inc. announced on Friday the receipt of approval from China’s State Administration for Market Regulation (SAMR) for its US$2.6 billion buy-out of Aleris Corporation. Per the firm, this is the final approval required for the purchase, as it has already received a sign-off on the transaction from the […]

European Commission Approves Novelis Purchase of Aleris

Atlanta’s rolled and recycled aluminium firm Novelis Inc. said yesterday that its proposed acquisition of Aleris has been approved by the European Commission. Per the firm, the approval is contingent upon Novelis’ sale of Aleris’ Duffel operations, which produce automotive aluminium and specialty aluminium products. Novelis says it is diligently working to find a new […]