Novelis

Novelis

Produces flat-rolled aluminum; recycles aluminum globally

Overview

Novelis produces flat-rolled aluminum and is the world’s largest aluminum recycler. It makes aluminum sheets and plates for aerospace, beverage cans, automotive, and specialty markets by running an integrated network of rolling mills and recycling facilities across multiple continents. Its end-to-end approach combines scrap recycling with rolling operations to deliver consistent, high-quality products, supported by a strong health and safety program and community engagement. Its goal is to be the world's leading provider of aluminum and recycling solutions, delivering reliable products globally while advancing sustainability.

About Novelis

Simplify's Rating
Why Novelis is rated
B
Rated A on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Company Size

5,001-10,000

Company Stage

Debt Financing

Total Funding

$1.7B

Headquarters

Zurich, Switzerland

Founded

2005

People at Novelis

People at Novelis who can refer or advise you

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Simplify's Take

What believers are saying

  • Sierre waste heat will supply 20–30% of city energy needs via district heating.
  • Oswego mill restart and lower scrap prices drive margin recovery in H2 FY26.
  • Hindalco India Upstream delivered 44% EBITDA margins, offsetting Novelis margin pressure.

What critics are saying

  • Oswego fire recurrence prob 30–50% in 6–12 months, high impact.
  • US Section 232 tariff escalation prob 40–60% in 12–18 months, high impact.
  • Scrap price volatility prob 35–50% in 6–12 months, medium impact.

What makes Novelis unique

  • Novelis cuts 4,500 tonnes CO2eq yearly at Sierre by switching to electric furnace.
  • Net Zero Lab Valais initiative enabled 180,000-tonne lifetime CO2eq reduction via electric furnace.
  • Ten plants achieved Level 1 certification under Novelis Operating System, advancing global standardization.

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Funding

Total Funding

$1.7B

Above

Industry Average

Funded Over

4 Rounds

Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Debt Funding Comparison
Coming Soon

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Health Savings Account/Flexible Spending Account

401(k) Company Match

Parental Leave

Adoption Assistance

Family Planning Benefits

Fertility Treatment Support

Childcare Support

Pet Insurance

Wellness Program

Mental Health Support

Professional Development Budget

Tuition Reimbursement

Training Programs

Paid Vacation

Hybrid Work Options

Flexible Work Hours

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
ScrapMonster
Jun 11th, 2026
Novelis restarts Oswego plant, easing auto aluminum shortages.

Novelis restarts Oswego plant, easing auto aluminum shortages. Aluminum | 2026-06-11 04:59:42 The restart brings relief to automakers and dealers who weathered months of aluminum shortages. SEATTLE (Scrap Monster): The Novelis hot mill in Oswego, N.Y., is back online, the company announced Wednesday, marking the end of a nine-month shutdown that ranks among the most disruptive supply chain events the auto industry has seen in recent years. The restart brings relief to automakers and dealers who weathered months of aluminum shortages. Those shortages cut F-150 inventory nearly 24% and cost Ford an estimated $2 billion to source alternative aluminum from overseas suppliers. "Restarting the Oswego hot mill is an important step forward for our operations and, most importantly, for our customers," said Steve Fisher, President and CEO of Novelis Inc., in a statement. "We are deeply grateful for the flexibility and partnership our customers have shown, as well as the extraordinary efforts of our employees, suppliers and industry peers who came together to support continuity of supply." Novelis says the Oswego plant is the largest domestic supplier of aluminum sheet for the U.S. auto industry, serving about a dozen companies, including Ford, GM, and Stellantis brands Jeep and Ram, as well as foreign automakers with U.S. production facilities. Previously, two fires triggered the plant's initial shutdown. The first broke out on Sept. 16, 2025, and the second struck on Nov. 20, during repair work from the first. However, both were contained to the hot mill area with no injuries reported. The outage hit Novelis' North American results hard, as shipments in the segment fell 19% compared to a year ago. Adjusted EBITDA for North America came in at $74 million, down 51% year over year. The fires resulted in an estimated $925 million in pre-tax losses net of insurance recoveries for the full fiscal year. Notably, Novelis mobilized its plants in Europe and South Korea to supply U.S. customers during the outage, but the contingencies incurred by automakers cost them billions of dollars. Additionally, the restart comes as aluminum prices face additional pressure. The U.S. raised tariffs on imported aluminum from 25% to 50% effective June 4, 2025. With the hot mill now operational, Novelis says it is working closely with customers to ramp up supply. The company is also accelerating the implementation of a standardized operating system to strengthen supply dependability going forward. Novelis is also launching a new $5 billion recycling and rolling plant in Bay Minette, Alabama. The cold mill began commissioning in March, with full operation expected in the second half of this year. The plant will produce as much as 600 kilotons of finished aluminum products annually and generate up to 1,000 jobs. Recycling industry news Discover more Steel market analysis Junk car removal Metal futures data

Industrial Plant & Equipment
May 26th, 2026
ABB reinstates operations at Novelis after flooding.

ABB reinstates operations at Novelis after flooding. 26 May 2026 WHEN CATASTROPHIC flooding struck Novelis' aluminum manufacturing facilities in Sierre, Switzerland, the company faced a potential crisis that could have disrupted global automotive supply chains serving major automotive manufacturers. Working with ABB's emergency response teams, Novelis restored critical operations within 60 days. Two years on, the restoration continues to serve as a model for industrial resilience and rapid infrastructure recovery. National disaster hits critical suppliers Torrential storms and melting snow hit the Sierre district of western Switzerland in the early hours of a June morning and Novelis's plant was flooded overnight. The plant plays a crucial role in supplying aluminum components to the automotive industry, processing over 200,000 tons of aluminum annually. With critical infrastructure compromised and supply to automotive customers disrupted, immediate action was essential. Angeles Fernandez, local division manager for electrification service in ABB Switzerland, immediately coordinated with AluInfra Services, which manages electrical infrastructure at the Sierre industrial site. After flood waters receded, ABB teams assessed the extensive damage to critical electrical infrastructure and production equipment across the facility. The scale of the challenge was immediately clear. With key systems compromised, restoring operations would require coordinated expertise across multiple specialties. "Our entire plant had been submerged for weeks, and mud and water had compromised the critical systems which power our operations. Minimising downtime and restoring production as rapidly as possible was vital to maintain our standing as a trusted partner to our customers," recalled Serge Gaudin, plant manager at Novelis. To coordinate the recovery effort, ABB brought together expertise across engineering, sales, procurement and export control, deploying specialist engineers with deep knowledge of the compromised systems to manage the installation and commissioning of replacement equipment. ABB worked side-by-side with Novelis teams to optimise their existing electrical infrastructure and get operations running at peak performance. Across borders and around the clock ABB mobilised specialist engineers from across Europe who worked under challenging conditions and demanding timelines. After successfully fast-tracking replacement parts ahead of schedule, ABB restored basic power operations by in just about a month's time. "When a critical facility such as this faces disaster, standard timelines simply don't apply. Our teams across Europe came together across divisions, borders and time zones, recalibrating our existing processes to act as an extension of Novelis's operations," Fernandez stated. Two parallel teams then cleaned and tested equipment at the sites' substations while replacement parts were transported across the continent. The substations were re-energised in September, a critical step to resume production on the hot rolling, followed by the cold mill, weeks ahead of initial projections. Stefan Kumm, senior project manager from ABB's Process Automation business was already in Switzerland for a separate Novelis modernisation initiative, and swiftly pivoted to support the emergency response. "Our first task was triage, determining what could be salvaged and what needed replacing," Kumm explained. "The sheer scale of the challenge became clear when we saw the mud-covered switchgear in the substations as well as the 160-ton main motor and hundreds of submerged control systems. Time was critical and every second counted." The successful restoration has since strengthened ongoing relationships between Novelis, AluInfra and ABB. "The speed of the response was critical for us," said Gaudin. "ABB's teams minimised the impact on our customers and ensured we could maintain our position in the supply chain during a very challenging period." The rapid restoration was a crucial contribution to resuming production at Novelis' Sierre plant and maintaining supply chain continuity. It ensured the site could continue running consistently for its automotive customers and demonstrated how cross-border collaboration and quick response to infrastructure challenges can prevent wider industry disruption. Tel: +44 2476 368 631 1/9 (1 to 10 of 84) Send Enquiry | / | Level sensing drain upgraded 13 November 2013 | | In 1982 Berthold Koch introduced his first compressed air condensate system - the Bekomat electronic, level-sensing, zero-loss drain. 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The industrial gear units of the MAXXDRIVE series are particularly advantageous here...[Read More] | | / | Tough drives 18 March 2014 | | At this year's Drives & Controls exhibition, VACON will be showcasing its tough VACON 100 X drives that can be installed in almost any location - even out of doors - without the need for further protection, as well as VACON 100 FLOW drives that are optimised for fan and pump applications...[Read More] | | / | Measure to manage 25 January 2013 | | Energy efficiency is paramount in the minds of most organisations.However, according to Loà ̄c Moreau of LEM, many have little idea of whether or not they are efficient, or what the opportunities are for improvement Ene...[Read More] | | / | Delta launches new VP3000 Drive 18 April 2023 | | DELTA HAS announced the launch of its new Open-Loop Variable Torque Standard Drive VP3000 for fan, pump and compressor applications...[Read More] | | / | FEATURED SUPPLIERS TWITTER FEED

Multibagg AI
May 25th, 2026
Hindalco Q1FY26 profit rises 30% amid Novelis drag.

Hindalco Q1FY26 profit rises 30% amid Novelis drag. Hindalco Industries Ltd. Ask AI. A twin hit at Novelis clouds the full-year picture. Hindalco Industries Ltd's annual performance in FY26 came under pressure after two separate fire incidents at its American subsidiary Novelis, even as metal prices stayed supportive. The twin disruptions weighed on earnings and contributed to results missing Street expectations for the year, according to the update shared in the provided material. The near-term message, however, was more balanced after the June quarter showed steady operational traction in India and firm demand in key end markets. Management commentary pointed to stabilisation in operations and a cost-control focus, while acknowledging that cost headwinds are building in India. For investors, the key debate is the trade-off between strong aluminium and copper pricing and near-term cost inflation, alongside a margin reset at Novelis. Q1FY26: profit up 30%, EBITDA up 9%. For the quarter ended June 30, 2025, Hindalco reported consolidated net profit of ₹40.04 billion, up 30% year-on-year from ₹30.74 billion. Consolidated EBITDA came in at ₹86.73 billion, up about 9% from the same quarter last year. The company attributed the quarter's resilience to improved volumes and operating levers that helped offset weaker aluminium prices cited in one of the reports. In another data point, analysts tracked by LSEG had estimated profit of ₹38.33 billion, implying the reported number was ahead of the consensus estimate cited. The June quarter performance also reflected an improved mix in India businesses, while Novelis benefited from higher average aluminium prices but faced margin pressure. India aluminium: input costs seen rising in Q1. In India, aluminium cost pressures are expected to rise in Q1 due to higher furnace oil and coal tar pitch prices, even as realizations remain firm, according to the information provided. This sets up a familiar operating backdrop for metal producers, where margins hinge on the pace of cost inflation relative to realizations. Despite the cost warning, the near-term outlook was described as steady because strong aluminium and copper prices are expected to offset cost pressures as operations gradually stabilise. The note attributes this view to Welekar. Aluminium Upstream: EBITDA ₹40.80 billion, margins highlighted. Hindalco's Aluminium India Upstream business reported Q1 EBITDA of ₹40.80 billion, up 17% year-on-year, helped by lower input costs during the quarter. Management also flagged "industry-best" EBITDA margins of 44% for Aluminium India Upstream in the quarter. Separately, the company cited Aluminium Upstream EBITDA per tonne of $1,273, up 84% year-on-year, and referenced margins of 40% in another statement included in the provided text. The mix of margin figures suggests multiple disclosures in circulation, but the consistent takeaway is that upstream profitability stayed strong in the quarter. This upstream strength was an important counterweight to volatility at Novelis. Aluminium Downstream: record quarter driven by value addition. The Aluminium India Downstream segment delivered its strongest quarterly performance, with EBITDA of ₹2.29 billion, up 108% year-on-year. The company linked the improvement to higher value addition from products such as battery enclosures, high-end extrusions from Silvassa, and premiumisation of flat rolled products. Downstream revenue was reported at ₹33.53 billion, up 17% year-on-year. In a broader business commentary, Hindalco also said growth was supported by moving up the value chain into higher-margin products like battery enclosures. It also referred to new projects, including an Aditya FRP facility coming online, and management targeting $150 to $100 per tonne EBITDA in upcoming quarters. Copper business: revenue and EBITDA growth points. Hindalco highlighted steady demand in electricals, packaging, auto, and industrial sectors as supporting the India business in the quarter. In India, the copper segment recorded a 12% increase in revenue, based on the update provided. Another company statement in the material said the Copper Business delivered a record performance with EBITDA of ₹8.05 billion, up 52% year-on-year, supported by higher average copper prices and robust operations. Taken together, the copper segment remained a meaningful contributor to India profitability during the quarter. Novelis: revenue rises, but scrap and tariffs squeeze margins. Novelis, described as IPO-bound and accounting for more than 60% of Hindalco's overall revenue, recorded revenue of $1.7 billion in the quarter, up from $1.2 billion a year earlier. The increase was attributed to higher average aluminium prices. However, elevated aluminium scrap costs and a net negative tariff impact hurt Novelis' bottom line during the quarter, according to the provided reports. Demand in the auto and canned goods sectors remained strong in the US, as noted by Managing Director Satish Pai. Pai also said scrap prices in the US were trending lower, which could be favourable for Novelis. Separately, the material notes that Novelis' margins declined due to scrap prices and tariffs, but are expected to recover in the second half. Fire incidents and the FY26 earnings miss. Beyond quarterly operating variables, Hindalco's annual performance in FY26 faced a specific disruption: two separate fire incidents at Novelis. The provided text describes this as a "twin blow" that weighed on the year, with FY26 earnings missing Street expectations despite higher metal prices. While the details of the incidents are not quantified in the material, the reference underscores the operational risk that can emerge in large downstream and recycling-heavy systems. This also puts sharper focus on the pace of operational stabilisation and margin repair at Novelis. Tariff mitigation plans and management commentary. Management said it saw no impact of US tariffs on the India business. On Novelis, the company pointed to tariff mitigation plans and said margin improvement is expected in H2 as these actions take effect. It also said accelerated cost reduction benefits and improving scrap spreads in the second half of FY26 should help address tariff impacts and improve margins. Satish Pai said the company sustained its growth momentum after record profitability in FY25, supported by operational efficiencies, cost control, and an enhanced product mix. The same update highlighted strong downstream momentum and upstream outperformance in India. Key numbers at a glance. | Metric (Q1FY26 unless stated) | Value | Change | | Consolidated EBITDA | ₹86.73 billion | +9% YoY | | Consolidated net profit | ₹40.04 billion | +30% YoY | | Net profit (year-ago quarter) | ₹30.74 billion | - | | LSEG analyst estimate for net profit | ₹38.33 billion | - | | India Aluminium Upstream EBITDA | ₹40.80 billion | +17% YoY | | India Aluminium Downstream EBITDA | ₹2.29 billion | +108% YoY | | India Aluminium Downstream revenue | ₹33.53 billion | +17% YoY | | Novelis revenue | $1.7 billion | Up from $1.2 billion | | Copper business EBITDA | ₹8.05 billion | +52% YoY | Market impact and what investors will track next. The quarter reinforces a split narrative: India operations are showing improving mix and profitability, while Novelis is navigating scrap-price volatility, tariff impacts, and operational disruptions from fires. In the near term, India margins will be watched against the guidance that cost pressures could rise due to furnace oil and coal tar pitch prices even if realizations remain firm. For Novelis, the key operational indicators will be the extent of benefit from lower scrap prices, the effectiveness of tariff mitigation actions, and whether H2 delivers the margin recovery flagged in management commentary. Hindalco's positioning in higher value-added downstream products such as battery enclosures also remains a measurable lever, especially as new projects come online. Conclusion. Hindalco's Q1FY26 showed higher consolidated profit and EBITDA, led by strong execution in India and steady end-market demand, while Novelis recorded revenue growth but faced margin pressure from scrap and tariffs. The FY26 annual picture remains clouded by two fire incidents at Novelis and an earnings miss versus expectations. Near-term management commentary points to firm realizations, rising India cost pressures, and a second-half margin improvement plan at Novelis. The next key checkpoints will be progress on tariff mitigation, scrap cost trends, and evidence of operational stabilisation through FY26.

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