Novelis

  • November 7, 2024

    Novelis Reports Second Quarter Fiscal Year 2025 Results

    BY Sophia Schmitz
    Novelis, based in Atlanta, has released its financial results for Q2 FY2025. The company reported a net income of \$128 million, down 18% year-over-year. Excluding special items, net income was \$179 million, a 1% drop from the prior year. Adjusted EBITDA was \$462 million, down 5%, but up 1% excluding the \$25 million impact from...
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  • October 9, 2024

    Novelis Orders Aluminium Sheet Production Facility from Danieli for Bay Minette Plant

    BY Lars Jensen
    US aluminium products producer Novelis, a subsidiary of India’s Hindalco Industries (Aditya Birla Group), has commissioned Italian equipment supplier Danieli to build a flat-rolled sheet production facility at its Bay Minette plant, currently under construction in Alabama. The facility will have an annual capacity of 1 million tonnes, focusing on aluminium scrap recycling and aluminium...
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