Novelis expects cash flow impact of up to $650 mn from Oswego fire

Novelis anticipates a $550-$650 million negative impact on free cash flows this fiscal due to a September fire at its Oswego unit. The company expects to restart the hot mill in December, with insurance expected to cover 70-80% of property damage and business interruption losses.

from Healthcare/Biotech-Industry-Economic Times https://ift.tt/iswVXtx
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