Kibar Americas acquires idled Novelis Fairmont aluminum sheet and foil plant
Kibar Americas has acquired Novelis' former Fairmont, West Virginia facility, a cold-rolling and foil finishing plant idled in mid-2025.
Kibar Americas has acquired Novelis' former Fairmont, West Virginia facility, a cold-rolling and foil finishing plant idled in mid-2025.
Lead-time expectations remained extended as supply stayed tight, even as import competitiveness decline and logistics costs increased.
Steel Dynamics issued first-quarter 2026 guidance, citing higher working capital tied to its aluminum ramp as the segment begins generating EBITDA.
Novelis has restarted casting operations at its Greensboro, Georgia, recycling facility after a March 1 explosion temporarily halted production.
Global beverage can shipments grew by 3% for the full year versus the prior year. Of that, 5% growth was from the Americas.
Novelis temporarily halted operations at its Georgia recycling and casting plant following a March 1 equipment explosion. No reported injuries.
February survey results show extending lead times, rising undersupply expectations, and firmer perceptions of import competitiveness.
Executives said the company was not materially exposed to changes in the prices of primary aluminum since it operates a pass-through business model. But other metal costs have come into play.
Kaiser Aluminum expects shipment growth in aerospace and packaging in 2026 as plate capacity returns and coated can sheet volumes increase, while automotive retools for specialty expansion.
The causes of the fires are still under investigation.