Novelis faces financial hit from Sierre flooding and scrap price surge in Q2 FY25

Novelis faces financial hit from Sierre flooding and scrap price surge in Q2 FY25

Novelis Inc., a global leader in sustainable aluminum solutions and a subsidiary of Hindalco Industries, reported a challenging second quarter for the fiscal year 2025, ending September 30, 2024. Despite a 5% increase in net sales to $4.3 billion, boosted by strong aluminum prices and growing demand in beverage packaging, the company faced an 18% […]

Novelis reports Q1 fiscal year 2025 results with strong performance and Swiss plant flooding challenges

Novelis reports Q1 fiscal year 2025 results with strong performance and Swiss plant flooding challenges

Novelis Inc., a global leader in sustainable aluminum solutions and the foremost player in aluminum rolling and recycling, has unveiled its financial results for the first quarter of fiscal year 2025. The company has demonstrated robust performance, marked by a significant rise in Adjusted EBITDA and shipment volumes, despite facing challenges due to recent flooding […]

Novelis secures contract with Ball Corporation for new aluminum plant in Alabama

Novelis secures contract with Ball Corporation for new aluminum plant in Alabama

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 […]

Novelis aluminum recycling and rolling plant in Bay Minette breaks ground

Novelis aluminum recycling and rolling plant in Bay Minette breaks ground

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 to build $2.5bn aluminum recycling and rolling plant in Bay Minette

Novelis to build $2.5bn aluminum recycling and rolling plant in Bay Minette

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 […]