Also on Thursday, Novelis announced a joint venture with Constellium NV to administer shared infrastructure activities across Novelis’ aluminium plant in Sierre, Switzerland. Novelis has agreed to acquire previously leased operating facilities and manufacturing assets at the plant.
The company also plans to build a new greenfield auto mill in the US state of Kentucky
, and parent company Aditya Birla Group is rumored to be interested in purchasing Aleris
Novelis president and chief executive officer Steve Fisher said that Novelis’ strong results for the three months ended December 31 supported further growth...