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Novelis
Novelis Inc. is an American industrial aluminum company, headquartered in Atlanta, Georgia, United States. It produces rolled aluminum and is an aluminum recycler, supplying to sectors including beverage cans, automotive, aerospace, consumer electronics, construction, foil and packaging. It is an independent subsidiary of multinational aluminium and copper manufacturing company Hindalco Industries.
Company history
The company was incorporated in 2005 after being spun off from Alcan, a now defunct Canadian mining and aluminum manufacturer. In 2007 the company was acquired by Hindalco Industries for $6 billion, itself a subsidiary of the Aditya Birla Group.
Operations
Novelis is the world's largest producer of rolled aluminum sheet with operations in 11 countries. The company divides its operations into four regions: North America, Europe, Asia, and South America. The regional headquarters are Atlanta, Zurich, Seoul and São Paulo. Novelis also has operations in the United Kingdom, Germany, Italy, France, Canada, China, Malaysia and Vietnam. The company invested $100 million in its first manufacturing facility in China, which opened in 2014. In response to global demand for aluminum sheet for automotive, electronics and beverage cans, the company has announced capital investments including a $400 million expansion in Asia, a $300 million expansion in Brazil and $200 million expansion in North America. In July 2014, it announced that Reynolds Consumer Products Inc., a subsidiary of the Rank Group of New Zealand, purchased the North American consumer products division of Novelis, for CAD $33.75mn. Novelis recycles more than 70 billion used beverage cans each year. In May 2022, Novelis announced plans to invest $2.5 billion in a new, low-carbon, aluminum plant in Bay Minette, Alabama. Once complete, it will be the first fully integrated aluminium mill built for 40 years.
Production
Packaging
Automotive and transportation
Aluminum structures and components for transportation products in automotive, automotive heat exchanger and mass transportation. Auto sheet customers include:
Specialty
Sustainability
In 2012, Novelis released its second annual sustainability report. The report stated: The Novelis report received an A rating from the Global Reporting Initiative (GRI), the world's most widely used framework for sustainability reporting.
Acquisitions
On 15 April 2020, Novelis acquired Aleris Corporation for $2.8 billion. Through this acquisition Novelis entered into the high-end aerospace segment.
Awards and accomplishments
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