Metals and Mining
Company Overview of Novelis Inc.
Novelis Inc. produces and sells aluminum rolled products. It operates through four segments: North America, Europe, Asia, and South America. The company produces aluminum sheet and light gauge products primarily for use in the beverage and food can, and foil products, as well as in automotive, transportation, electronics, architectural, and industrial product markets. It is also involved in the primary aluminum smelting and hydroelectric power generation activities in Brazil. The company was founded in 2004 and is headquartered in Atlanta, Georgia. Novelis Inc. is a subsidiary of AV Metals Inc.
3560 Lenox Road
Atlanta, GA 30326
Founded in 2004
Key Executives for Novelis Inc.
Interim Chief Executive Officer, Interim President, Chief Financial Officer and Senior Vice President
Senior Vice President and President of Novelis Europe
Senior Vice President and President of Novelis North America
Senior Vice President and President of Novelis South America
Senior Vice President and President of Novelis Asia
Compensation as of Fiscal Year 2014.
Novelis Inc. Key Developments
Novelis Appoints H.R. Shashikant as Senior Vice President and Chief Human Resources Officer Succeeding Leslie W. Joyce
May 13 15
Novelis announced the appointment of H.R. Shashikant to the position of Senior Vice President and Chief Human Resources Officer, effective immediately. Shashikant was previously Group Executive President, Group Human Resources, for the Aditya Birla Group (ABG), the Mumbai-based conglomerate of which Novelis is a part. In his new role, Shashikant will be based at Novelis' global headquarters in Atlanta. In his 29-year career, Shashikant has held progressively senior human resources leadership roles in a number of global organizations. Shashikant succeeds Leslie W. Joyce, Ph.D., who has left Novelis to pursue other career opportunities.
Novelis Inc. Provides Capital Expenditure Guidance for the Fiscal 2016
May 12 15
Novelis Inc. provided capital expenditure guidance for the fiscal 2016. For the year, the company will use a disciplined capital approach while driving strategy forward and expect capital expenditures of approximately $400 million for fiscal 2016, as the company finish the buildout of several growth projects under construction and maintain adequate maintenance capital levels.
Novelis Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2015
May 12 15
Novelis Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended March 31, 2015. For the quarter, the company reported net sales of $2,789 million compared to $2,549 million a year ago. Income before income taxes was $18 million compared to $39 million a year ago. Net income attributable to common shareholder was $29 million compared to $54 million a year ago. Adjusted EBITDA was $201 million compared to $250 million a year ago.
For the year, the company reported net sales of $11,147 million compared to $9,767 million a year ago. Income before income taxes was $162 million compared to $115 million a year ago. Net income attributable to common shareholder was $148 million compared to $104 million a year ago. Net cash provided by operating activities was $604 million compared to $702 million a year ago. Capital expenditures were $518 million compared to $717 million a year ago. Adjusted EBITDA was $902 million compared to $885 million a year ago. The increase was primarily driven by higher shipments, favorable product mix due to a strategic shift to grow automotive shipments and cost benefits from using a higher percentage of recycled metal inputs. Free cash inflow was $71 million compared to free cash outflow of $16 million a year ago.
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