Can fight dents Novelis as execs pivot to auto
Nov 11, 2013 | 12:09 PM
| Michael Cowden
CHICAGO Novelis Inc.s net income narrowed in its fiscal second quarter as overcapacity and fierce competition in the North American beverage can market dented results.
But the Atlanta-based aluminum roller and recycler predicted a bright fiscal second half as its capacity shifts from the lower-margin beverage can market, hurt in North America by declining soft drink sales, to the more-profitable auto sector, where there is increased aluminum demand due to stricter fuel economy standards, the company said Nov. 11.....
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