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]
It is an independent subsidiary of multinational aluminium and copper manufacturing company Hindalco Industries. [9]
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]
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]
Yeongju is a city in North Gyeongsang Province, South Korea. It has an area of 668.84 km2 and a population of 113,930 people according to the 2008 census. The city borders Bonghwa county to the east, Danyang County of North Chungcheong Province to the west, Andong and Yecheon county to the south, and Yeongwol County of Gangwon Province to the north.
Sun Life Financial Inc. is a Canadian financial services company. It is primarily known as a life insurance company.
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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.
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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.
Egil Olav Hogna is a Norwegian engineer and business executive. On 1 September 2015 he was appointed new CEO of Sapa Group, the world's largest aluminium processor with NOK 53 billion in turnover and 22,400 employees in 40 countries. Following Hydro's acquisition of Sapa in 2017, Sapa was integrated as Hydro's largest business area. Hogna led the Extruded Solutions business area from 2017 to 2020. On 1 December 2020, he took over as CEO of Norconsult. Hogna has a master's degree in Industrial Economics from NTNU in Trondheim. He holds an MBA from INSEAD and a management education from Harvard Business School.
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