In a striking display of resilience and strategic foresight, Hindalco Industries Limited, the metals flagship of the Aditya Birla Group, unveiled its consolidated third-quarter financial results for the fiscal year 2024. The Mumbai-based conglomerate reported a substantial 71% year-on-year increase in its Consolidated Profit After Tax (PAT), reaching ₹2,331 crore, underpinned by robust performance across […]
Novelis Inc., a global leader in sustainable aluminum solutions and aluminum rolling and recycling, has announced its financial results for the third quarter of the fiscal year 2024, showcasing significant improvements in its operational performance and financial metrics. According to Steve Fisher, President and CEO of Novelis Inc., the company has achieved substantial year-over-year growth […]
Novelis Inc., a sustainable aluminum solutions provider, has signed an anchor customer contract with aluminum can manufacturer Ball Corporation, effectively securing all of its beverage can capacity at its upcoming Bay Minette, Alabama, plant. The new facility, set to begin commissioning in 2025, is noteworthy for being the first fully integrated aluminum manufacturing plant to […]
Aluminum solutions provider Novelis has commenced construction on its $2.5bn aluminum recycling and rolling plant in Bay Minette, Alabama. With a focus on catering to the beverage container market, the aluminum recycling and rolling factory will have 600 kilotonnes of finished aluminum goods capacity per year initially, said the Hindalco Industries subsidiary. Novelis announced plans […]
Novelis, a fully-owned subsidiary of India-based Hindalco Industries, will construct a $2.5 billion aluminum recycling and rolling plant in Bay Minette, Alabama. Expected to be commissioned from mid-2025 onwards, the new low-carbon rolling and recycling factory will have an initial capacity of 600 kilotonnes of finished aluminum goods per annum. Steve Fisher — Novelis President […]
Novelis, a US-based aluminum solutions provider, has started construction on a $365m aluminum recycling center in Guthrie, Kentucky to cater to the automotive sector in North America. The company, which is a subsidiary of India-based Hindalco Industries, said that the Guthrie aluminum recycling plant will have an annual casting capacity of 240 kt of sheet […]
Novelis, a subsidiary of Hindalco Industries, has announced a further investment of $375 million for expanding its rolling and recycling capabilities at its aluminum factory in Zhenjiang, China. The aluminum rolling and recycling company said that the investment will totally integrate its automotive business to supply low-carbon, sustainable aluminum to automakers in Asia. The expansion […]
Novelis, a subsidiary of Hindalco Industries, will invest nearly $300 million to expand its automotive aluminum capabilities and recycling operations at its Zhenjiang aluminum factory in China. In this connection, the aluminum rolling and recycling company signed a memorandum of understanding (MOU) with the Zhenjiang Jingkou Industrial Zone in Zhenjiang City, Jiangsu Province. Wei Xiaoxi […]