This article contains promotional content .(November 2022) |
Company type | Subsidiary |
---|---|
Industry | Metals, Manufacturing, Recycling |
Founded | 2005 |
Headquarters | Atlanta, GA, USA |
Area served | Worldwide |
Key people | Steven Fisher, President and CEO [1] [2] |
Products | Aluminium |
Revenue | US$16.2 billion (2024) [3] |
US$600 million (2024) [3] | |
Total assets | US$14.62 billion (2024) [3] |
Total equity | US$3.81 billion (2024) [3] |
Number of employees | 13,548 (2024) [4] |
Parent | Hindalco Industries |
Website | www.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]
Novelis has been an independent subsidiary of the multinational aluminum and copper manufacturing company Hindalco Industries since 2007. [9]
The company was incorporated in 2004 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, [10] [11] itself a subsidiary of the Aditya Birla Group. [12]
In May 2024, Novelis filed its registration statement for a proposed IPO, but it withdrew its plans in October of the same year. [9]
Novelis is the world's largest producer of rolled aluminum sheet [13] 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. [14]
The company invested $100 million in its first manufacturing facility in China, which opened in 2014. [15] 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, [16] a $300 million expansion in Brazil [17] 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. [18]
Novelis recycles more than 70 billion used beverage cans each year. [19]
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. [20]
Aluminum structures and components for transportation products in automotive, automotive heat exchanger and mass transportation. [22] Auto sheet customers include:
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. [26]
On 15 April 2020, Novelis acquired Aleris Corporation for $2.8 billion. Through this acquisition Novelis entered into the high-end aerospace segment. [27]
The Birla family is an Indian business family connected with the industrial and social history of India.
Rio Tinto Alcan is a Canada-based mining company. Headquartered in Montreal, Quebec, it is a subsidiary of global mining conglomerate Rio Tinto. It was created on 15 November 2007 as the result of the merger between Rio Tinto's Canadian subsidiary and Canadian company Alcan.
Peugeot S.A., trading as Groupe PSA was a French multinational automotive manufacturing company which produced automobiles and motorcycles under the Peugeot, Citroën, DS, Opel and Vauxhall brands. On 18 December 2019, PSA and Fiat Chrysler Automobiles (FCA) announced that they had agreed to the terms of a binding $50 billion merger. On 16 July 2020, both companies announced the new name for their merged operations, Stellantis. The deal closed on 16 January 2021. As of 2022, Stellantis is the fourth largest automaker by sales behind Toyota, Volkswagen Group, and Hyundai Motor Group.
AMAG is the biggest company in the Austrian Aluminium industry sector. It is situated in the village of Ranshofen, which is in Braunau am Inn.
Aditya Birla Group is an Indian multinational conglomerate headquartered in Mumbai. The group's business interests include metals, cement, fashion and retail, financial services, renewables, fibre, textiles, chemicals, real estate, trading, mining, and entertainment. The group has a presence in 36 nations and a combined annual revenue of US$62 billion, over 50% of which is derived from its overseas operations.
Hindalco Industries Limited an Indian aluminium and copper manufacturing company, is a subsidiary of the Aditya Birla Group. Its headquarters are at Mumbai, Maharashtra, India.
Kumar Mangalam Birla is an Indian billionaire businessman. He is the chairman of the Aditya Birla Group, one of the largest conglomerates in India. He is the chancellor of the Birla Institute of Technology & Science, Pilani and ex-chairman of Indian Institute of Management Ahmedabad. In 2023, Birla received the Padma Bhushan, the third highest civilian honour in India.
Aluminium recycling is the process in which secondary commercial aluminium is created from scrap or other forms of end-of-life or otherwise unusable aluminium. It involves re-melting the metal, which is cheaper and more energy-efficient than the production of virgin aluminium by electrolysis of alumina (Al2O3) refined from raw bauxite by use of the Bayer and Hall–Héroult processes.
An aluminium alloy (UK/IUPAC) or aluminum alloy is an alloy in which aluminium (Al) is the predominant metal. The typical alloying elements are copper, magnesium, manganese, silicon, tin, nickel and zinc. There are two principal classifications, namely casting alloys and wrought alloys, both of which are further subdivided into the categories heat-treatable and non-heat-treatable. About 85% of aluminium is used for wrought products, for example rolled plate, foils and extrusions. Cast aluminium alloys yield cost-effective products due to the low melting point, although they generally have lower tensile strengths than wrought alloys. The most important cast aluminium alloy system is Al–Si, where the high levels of silicon (4–13%) contribute to give good casting characteristics. Aluminium alloys are widely used in engineering structures and components where light weight or corrosion resistance is required.
United Company Rusal is the world's second largest aluminium company by primary production output. It was the largest until overtaken by China Hongqiao Group in 2015. Rusal accounts for almost 9% of the world's primary aluminium output and 9% of the world's alumina production. Rusal was founded by major Russian industrialist Oleg Deripaska.
Aleris Corporation was an American aluminum rolled products producer, based in Beachwood, Ohio. The company had approximately 5,000 employees globally as of mid 2015.
The Aluminum Association is a trade association for the aluminum production, fabrication and recycling industries, and their suppliers. The Association is a 501(c)(6) non-profit organization based in Arlington, Virginia, United States.
Minacs was a Canadian business and technology outsourcing company, headquartered in Oshawa, Ontario. The company provided outsourced customer life cycle, marketing, finance and accounting, procurement, and information technology services.
Constellium SE is a Paris-based global manufacturer of aluminium rolled products, extruded products, and structural parts based on a large variety of advanced alloys. Constellium's C-TEC research center has been credited for advancing technology in the field of advanced aluminium alloy. Constellium primarily serves the aerospace, automotive, and packaging sectors. Large clients include Mercedes-Benz, Audi, BMW, Fiat Chrysler Automotive, Ford, Airbus, Boeing, and Bombardier.
Subodh Kumar Das is a scientist, engineer, and inventor who works in the aluminum industry. He is the founder and CEO of Phinix, LLC, an international consulting firm serving the aluminum industry. Previously, Das has served on the boards of The Aluminum Association, SECAT, Inc., and the Minerals, Metals and Materials Society. The American Society of Metals elected him as ASM Fellow in 2002. The Minerals, Metals and Materials Society also awarded Das its prestigious Distinguished Service Award in 2001. He was also awarded the JOM Best Paper Award in 2011.
Protolabs is a company that provides rapid manufacturing of low-volume 3D printed, CNC-machined, sheet metal, and injection-molded custom parts for prototyping and short-run production. Markets like medical devices, electronics, appliances, automotive and consumer products use these parts. Protolabs' headquarters and manufacturing facilities are located in Maple Plain, Minnesota. The company also has manufacturing facilities in England, Germany, and Japan.
Liberty Steel Group Holdings UK Ltd (LSG), which is also referred to as Liberty House or Liberty House UK, is a British industrial and metals company founded in the United Kingdom in 1992 by industrialist Sanjeev Gupta. It is headquartered in London, England, and has offices in Dubai, Singapore and Hong Kong.
Bargawan is a town and major economic center in Singrauli district, Madhya Pradesh, India. Mahan Aluminum Industry HINDALCO lies here which is a unit of Aditya Birla Groups.
Jean-Marc Germain is the CEO of the global aluminium manufacturer Constellium. Under his leadership the company is investing close to one billion euros in the automotive sector as the industry looks for lighter materials to reduce carbon dioxide emissions. He has also played a vocal role toward increasing the recycling capacity of aluminum and discouraging aluminum tariffs under the Trump administration.
LME Aluminium stands for a group of spot, forward, and futures contracts, trading on the London Metal Exchange (LME), for delivery of primary Aluminium that can be used for price hedging, physical delivery of sales or purchases, investment, and speculation. Producers, semi-fabricators, consumers, recyclers, and merchants can use Aluminium futures contracts to hedge Aluminium price risks and to reference prices. Notable companies that use LME Aluminium contracts to hedge Aluminium prices include General Motors, Boeing, and Alcoa.