This article contains content that is written like an advertisement .(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 is an independent subsidiary of multinational aluminium and copper manufacturing company Hindalco Industries. [7] Novelis is a producer of rolled aluminum and an aluminum recycler. [8] The company serves customers in sectors including beverage cans, automotive, aerospace, consumer electronics, construction, foil and packaging. [9]
Novelis is investing $2.5 billion in a new, low-carbon, aluminum plant in Bay Minette, Alabama. Once complete, it will be a fully integrated U.S. mill. [10]
The Novelis company was spun off from Canadian mining and aluminum manufacturer, Alcan Inc. and incorporated in 2005. [11] The company was acquired by India's Hindalco Industries for $6 billion in 2007. [12] This makes Novelis a member of the Aditya Birla Group. [13]
Novelis is the world’s largest producer of rolled aluminum sheet, with operations spanning 11 countries and nearly 11,000 employees. 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 . [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]
Aluminum structures and components for transportation products in automotive, automotive heat exchanger and mass transportation. [21] 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. [25]
On 15 April 2020, Hindalco Industries' subsidiary Novelis Inc. acquired Aleris Corporation for $2.8 billion. Through this acquisition Novelis entered into the high-end aerospace segment. [26]
Yeongju is a city in the far north region of North Gyeongsang province in South Korea, covering 668.84 km2 with 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 city and Yecheon county to the south, and Yeongwol county of Gangwon province to the north.
An aluminum can is a single-use container for packaging made primarily of aluminum. It is commonly used for food and beverages such as olives and soup but also for products such as oil, chemicals, and other liquids. Global production is 180 billion annually and constitutes the largest single use of aluminum globally.
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Aditya Birla Group is an Indian multinational conglomerate, headquartered in Mumbai, India. 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$75 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 industrialist, philanthropist, and 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. According to Forbes, he has an estimated net worth of US$23 billion, as of March 2024 making him the 6th richest person in India.
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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, international public joint-stock company is the world's second largest aluminium company by primary production output. It was the largest until overtaken by China Hongqiao Group in 2015. UC RUSAL accounts for almost 9% of the world's primary aluminium output and 9% of the world's alumina production.
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.
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Constellium SE is a 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.
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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.
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