Recycled inputs boost for aluminium major Novelis

United States: US-based aluminium rolling and recycling leader Novelis has reported record results for the fourth quarter and fiscal year 2017. Net sales climbed 9% to US$ 2.6 billion for the fourth quarter of the financial year thanks to 'higher average aluminium prices and increased shipments of higher conversion premium products, including a 26% increase in automotive shipments'.

Listed among the company’s key achievements in the period under review is ‘an improved metal mix by increasing recycled inputs from 53% to 55% for the full year’. It also achieved record shipments of automotive sheet. Novelis Inc. lays claim to the title of the world’s largest recycler of aluminium. The company operates in 10 countries, has approximately 11 000 employees and achieved revenues approaching US$ 10 billion in its 2017 fiscal year. President and ceo Steve Fisher comments: ‘This year’s record performance provides us with a blueprint for sustainable results and the strategic flexibility to enhance our leadership position in the industry.’

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