Indian aluminium giant Hindalco acquired Atlanta-based company Novelis, a world leader in .. “Experts say the Hindalco-Novelis deal makes sound sense. Aditya Birla Group’s Hindalco Industries Ltd’s US subsidiary Novelis will buy Aleris Corporation, one of the largest aluminium producing. Novelis’ acquisition of Aleris will help parent Hindalco insulate itself The $ billion cash deal has valued Aleris at about seven times its.

Author: Samubar Kagalkis
Country: French Guiana
Language: English (Spanish)
Genre: Health and Food
Published (Last): 3 July 2015
Pages: 298
PDF File Size: 6.73 Mb
ePub File Size: 11.14 Mb
ISBN: 164-7-75075-715-3
Downloads: 92236
Price: Free* [*Free Regsitration Required]
Uploader: Vuzilkree

It caters to different sectors, including aerospace, automotive, defence, building and construction, transportation, packaging and consumer goods.

Get instant notifications from Economic Times Allow Not now. Are you a Business Npvelis

The move, which will meet Hindalco’s main reason for acquiring Novelis inis expected to boost the Birla Group flagship’s profitability due to the premium pricing that such can sheets command. The dismantling and refurbishment of equipment from Novelis’ Rogerstone plant has begun. Foul language Slanderous Inciting hatred against a certain community Others.

Aleris Corp buy may stretch Hindalco, but will give it scale – The Hindu BusinessLine

The global spot gold prices surged 1. Your Reason has been Reported to the admin.

Cities were renamed, liberals were shouted down and vegans found their voice. However, the wheels of health financing are beginning to What a year has been! A more diverse product portfolio, including aerospace, beverage can, automotive, building and construction, commercial transportation and specialty products.

This is at a time when the State is reeling under severe drought. Get Rs 1, instant discount, extra Rs 2, off on exchange More.


Healthcare in India is unaffordable for most people. Goodbye to all that1 What ended Edited novflis Manoj Sharma. It helps with price risk management and facilitates effective competition. Strengthening the company’s ability to compete against steel by gaining a greater platform. Never miss a great news story! The global spot gold prices surged 1. The stock surged 3. Published on July 24, Satish Pai, Managing Director, Hindalco, in a recent presentation said the product mix of Novelis has novdlis changed with the focus on value added product, while closing down loss-making units and discontinuing production of less profitable products.

Choose your reason below and click on the Report button. Please Email the Editor. BJP criticises Kumaraswamy for holidaying abroad This is at a time when the State is reeling under severe drought. The company is a strong player in the high-margin automotive segment and will help Novelis consolidate its presence in this market. But a falling market share in Europe and strong demand patterns in Asia have made can sheet manufacturing in India more feasible.

Hindalco gears up to reap benefits of Novelis deal

The technology to make such sheets is limited to the top global four aluminium producers, with Novelis leading the bracket. To start with, Hindalco is setting up an initial capacity oftonnes of can body stock and will later expand it totonnes. Hovelis don’t need high-end flagship phones to play PUBG! Hindalco’s move to raise the share of high value items is a strategy to insulate revenues from fluctuations in global aluminium prices and input cost rises.


These budget smartphones won’t let you down WhatsApp won’t work on these smartphones after December 31 Nokia 9 PureView images leaked, shows off rear Penta-lens setup Xiaomi Poco F2 to be launched soon, no big surprises expected OnePlus 6T offers in Desl My Saved Articles Sign in Sign up. Cities were renamed, liberals were shouted down and vegans found their voice. Novelis announced the closure of the Rogerstone plant in Marchmore than two years after the acquisition.

In Maharashtra, it appears the rural jobs scheme is being implemented on paper alone.

Hindalco to acquire Novelis for $6 bn – Livemint

What a year has been! Healthcare in India is unaffordable for most people. Hindalco said that while there ceal technology and asset transfer regulations involved in such a move, “We have complied in letter and spirit. Modi regime is spending more on material component, less on labour, so people are not benefited, says CP Joshi Fill in your details: The New Year heralds an election season hindakco by yearning, anger, uncertainty — and above all, Our Hirakud plant is expected to be up and running by October this year.

Cans for beverage majors such as Pepsi and Coke will soon be made in India.