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Novelis

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Novelis Inc.
Company typeSubsidiary
IndustryMetals, Manufacturing, Recycling
Founded2005
HeadquartersAtlanta, GA, USA
Area served
Worldwide
Key people
Steven Fisher, President and CEO[1][2]
ProductsAluminium
RevenueDecrease US$16.2 billion (2024)[3]
Decrease US$600 million (2024)[3]
Total assetsIncrease US$14.62 billion (2024) [3]
Total equityIncrease US$3.81 billion (2024) [3]
Number of employees
13,548 (2024)[4]
ParentHindalco Industries
Websitewww.novelis.com

Novelis Inc. is an American industrial aluminum company, headquartered in Atlanta, Georgia, United States.[5][6] It produces rolled aluminum and is an aluminum recycler,[7] supplying to sectors including beverage cans, automotive, aerospace, consumer electronics, construction, foil and packaging.[8]

It is an independent subsidiary of multinational aluminium and copper manufacturing company Hindalco Industries.[9]

Company history

The company was incorporated in 2005 after being spun off from Alcan, a now defunct Canadian mining and aluminum manufacturer.[10] In 2007 the company was acquired by Hindalco Industries for $6 billion,[11] itself a subsidiary of the Aditya Birla Group.[12]

Operations

It is the world’s largest producer of rolled aluminum sheet[citation needed] 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 Sao Paulo. Novelis also has operations in UK, Germany, Italy, France, Canada, China, Malaysia and Vietnam .[13]

The company invested $100 million in its first manufacturing facility in China, which opened in 2014.[14] 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,[15] a $300 million expansion in Brazil[16] 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.[17]

Novelis recycles more than 70 billion used beverage cans each year.[18]

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.[19]

Production

Packaging

Automotive and transportation

Aluminum structures and components for transportation products in automotive, automotive heat exchanger and mass transportation. [21] Auto sheet customers include:

Specialty

  • Architecture and building
    • Facade
    • Roofing
    • Insulation
    • Shutters
  • Lithography and printing
  • Consumer goods
    • Smartphones, laptops, TV
  • Industrial applications

Sustainability

In 2012, Novelis released its second annual sustainability report. The report stated:

  • 19% reduction in energy intensity – halfway to Novelis' 2020 goal of 39 percent
  • 11% reduction in water intensity, almost halfway to its goal of 25 percent
  • 7% reduction in greenhouse gas emissions, representing significant progress towards reaching its total goal of halving Novelis' absolute GHGs
  • 18% improvement towards the company's goal of reducing waste to landfill to zero.[24]

The Novelis report received an A rating from the Global Reporting Initiative (GRI), the world's most widely used framework for sustainability reporting.[25]

Acquisitions

On 15 April 2020, Novelis acquired Aleris Corporation for $2.8 billion. Through this acquisition Novelis entered into the high-end aerospace segment.[26]

Awards and accomplishments

  • 2013, Novelis was named metals company of the year, and Novelis CEO Phil Martens was named CEO of the year on the Platts Global Metals Awards in London[27]
  • 2012, Novelis CEO Phil Martens was named one of the top 25 CEOs in the world by Best Practice Institute[28]
  • 2012 Aluminium Awards for Innovation Leadership[29]
  • 2012 American Metal Market Award for Aluminum Excellence in Environmental Responsibility in 2012:[30]
  • 2012 Georgia Governor’s International Award for establishing its Global Research & Technology Center in Kennesaw, GA.[31]
  • 2011 Innovation Award from BMW[32]
  • 2009 Vision Award from Keep America Beautiful[33]

Notes

  1. ^ "Document". www.sec.gov. Retrieved 2020-08-13.
  2. ^ "Mr. Steven Fisher - Leadership Team - Aditya Birla Group". abg.com. Retrieved 2020-08-13.
  3. ^ a b c d "Novelis Q4FY24 results" (PDF).
  4. ^ "People". Novelis.
  5. ^ "Novelis expanding in Brazil". Atlanta Business Chronicle. Retrieved 2012-11-13.
  6. ^ "EDGAR Search Results". www.sec.gov. Retrieved 2020-08-13.
  7. ^ "Novelis to Invest 50 Million for New Coating Line in Brazil". CanTech Online. Retrieved 2012-11-13.
  8. ^ "Novelis LinkedIn". LinkedIn. Retrieved 2012-11-13.
  9. ^ "Our Companies - Hindalco". www.hindalco.com. Retrieved 2020-08-13.
  10. ^ "Novelis - Our History". Novelis. Retrieved 2012-11-13.
  11. ^ "Hindalco of India Buys Aluminum Rival". New York Times. Retrieved 2012-11-13.
  12. ^ "Aditya Birla Group: Novelis". Aditya Birla. Retrieved 2012-11-13.
  13. ^ "Novelis - Geographic Locations". Novelis. Retrieved 2015-11-09.
  14. ^ "Novelis to Build 100 MN Plant in China". Business-Standard. Retrieved 2012-11-13.
  15. ^ "Novelis to open Shanghai office". Aluminium Today. Retrieved 2012-11-13.
  16. ^ "Novelis builds on its footprint". The Atlanta Journal-Constitution. Retrieved 2012-11-13.
  17. ^ "Novelis Completes Sale of North America Consumer Foil Business to Reynolds Consumer Products". Novelis. Retrieved 2015-11-09.
  18. ^ "Novelis Sustainability Page". Novelis. Retrieved 2020-02-12.
  19. ^ "Novelis plans $2.5 billion Alabama aluminum mill with 1,000 jobs". Made in Alabama. 11 May 2022. Retrieved 24 October 2024.{{cite web}}: CS1 maint: url-status (link)
  20. ^ "Novelis builds on its footprint". The Atlanta Journal-Constitution. Retrieved 2012-11-13.
  21. ^ "Novelis - Automotive & Transportation". Novelis. Retrieved 2012-11-13.
  22. ^ "Novelis to Build First Manufacturing Plant in China". PR Newswire. Retrieved 2012-11-13.
  23. ^ "2012 Range Rover Evoque Features Novelis' Ac-600 PX Aluminum Sheet". The Aluminum Association. Retrieved 2012-11-13.
  24. ^ "Novelis Emerging Sustainability Leader In the Aluminum Industry". Reuters. Archived from the original on 2013-02-01. Retrieved 2012-11-13.
  25. ^ "Novelis Emerging Sustainability Leader Aluminum". Yahoo Finance. Retrieved 2012-11-13.
  26. ^ Thomas, Tanya (2020-04-14). "Hindalco closes $2.8-billion acquisition of US-based Aleris Corp". Livemint. Retrieved 2020-04-14.
  27. ^ "Platts 2013 Global Metals Awards winners". Platts. Retrieved 2013-05-25.
  28. ^ "Novelis' Phil Martens Named One of the Top 25 CEOs in the World by Best Practice Institute". New York Times. 12 June 2012. Retrieved 2012-11-13.
  29. ^ "Novelis Recognized for Innovation Leadership with Three European Aluminium Awards". Yahoo Finance. Retrieved 2012-11-13.
  30. ^ "American Metal Market Award for Aluminum Excellence 2012". American Metal Market. Retrieved 2012-11-13.
  31. ^ "2012 Atlanta World Showcase & International Awards". Atlanta Business Journal. Retrieved 2012-11-13.
  32. ^ "BMW Innovation Award for lightweight vehicle construction". ASM International. Retrieved 2012-11-13.
  33. ^ "Novelis to Receive Award for Green, Volunteering Efforts". Reliable Plant. Retrieved 2012-11-13.
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