Steve Fisher

Novelis Plans New Automotive Aluminium Recycling Plant For SW Kentucky

Novelis Plans New Automotive Aluminium Recycling Plant For SW Kentucky

Atlanta’s rolled aluminium firm Novelis announced plans yesterday to build a $365 million automotive recycling center outside of Clarksville, Tennessee. Novelis’s new plant in Guthrie, Kentucky will expand its closed-loop recycling operations by reclaiming aluminium from vehicles at the end of their...

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Events

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 continuing operations less special items rose 12 percent on 2019’s fourth quarter to […]

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Novelis Pledges To Achieve Carbon Neutrality By 2050

Novelis Pledges To Achieve Carbon Neutrality By 2050

Atlanta’s rolled aluminium firm Novelis announced earlier this week its intention to become a net carbon-neutral company by mid-century and to reduce its carbon footprint by 30 percent over the next five years. The firm said in a press release that it also has plans to become a fully circular business, but it did not […]

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Novelis May Increase Aluminium Can Sheet Production Should The Demand Arise

Novelis May Increase Aluminium Can Sheet Production Should The Demand Arise

Although a shift in production to it is possible, an official from Atlanta’s rolled aluminium firm Novelis said this week that it was not planning to add new aluminium can production capacity in the near future. Senior vice president Roxana Molina spoke to S&P Global Platts on Monday, telling them that they would alter their […]

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Novelis Records Record Production, Financial Results In July To September Quarter

Novelis Records Record Production, Financial Results In July To September Quarter

Atlanta’s rolled and recycled aluminium firm Novelis Inc. reported financial results for the first quarter of fiscal year 2021 on Monday. Despite a very difficult global market, the firm managed several record financial highs. During the three months ending September 30 the firm reported a net income from continuing operations of US$144 million, which is […]

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Strong Performances Leading Into The Quarter Help Novelis Weather Coronavirus Economy

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, […]

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