Novelis: Strong buy for the sustainability focused investor

Novelis Inc. (NVL), a spinoff of Canada's Alcan Inc. (AL.TO) trading on the NYSE since January 2005, is showing strong buy signals for the sustainability focused investory. Novelis is trading near its low for the year with a 0.36 dividend for a 2.10 percent yield. Last week, Novelis' Brazil facility won the government's "Top Gold Award" for health, safety and environment. PR Newswire is reporting the three-area award as a first for any company in Brazil. ... Novelis specializes in rolled aluminum products and aluminum can recycling, operates in 11 countries and has more than 13,000 employees. Its management system includes a program of 45 global environment, health and safety guidelines. ... "Excellence in [environment, health and safety] is directly related to our operation performance in areas such as quality and delivery," said Tadeu Nardocci, president of Novelis Brazil. "It is central to our overall discipline in operations and our dedication to continuous improvement. We are extremely proud to win this award." ...

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  • published this page in Blog 2005-12-19 01:06:00 -0500

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