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Novelis sees bigger cash flow hit from Oswego fire, posts $84m loss
Novelis anticipates a greater impact on its cash flows due to fires at its Oswego unit. The company will, however, restart the hot mill ahead of schedule. Higher savings are expected from cost-reduction initiatives in the medium term. The net loss for the quarter was 84 million dollars. Rolled product shipments fell 12 percent year-on-year.
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economictimes.indiatimes.com
Novelis sees bigger cash flow hit from Oswego fire, posts $84m loss
Novelis anticipates a greater impact on its cash flows due to fires at its Oswego unit. The company will, however, restart the hot mill ahead of schedule. Higher savings are…
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manufacturingdive.com
Novelis aluminum plant to resume operations following fire damage
The company has started commissioning the Oswego, New York, plant and expects to ramp up hot mill production in the coming weeks. Disruptions have negatively affected automakers…
