Novelis

2022-02-26T14:06:18Z

176.204.159.149:

{{Infobox company
| name = Novelis Inc.
| logo = File:Aditya Birla Novelis Logo.svg
| logo_size = 250px
| type = [[Subsidiary]]
| foundation = 2005
| location = Atlanta, GA, USA
| key_people = Steven Fisher, President and CEO <ref>{{Cite web|title=Document|url=https://www.sec.gov/Archives/edgar/data/1304280/000130428020000051/nvl-10xkx33120xexh321.htm|access-date=2020-08-13|website=www.sec.gov}}</ref><ref>{{Cite web|title=Mr. Steven Fisher - Leadership Team - Aditya Birla Group|url=https://www.adityabirla.com/about-us/leadership/business-heads/steven-fisher|access-date=2020-08-13|website=abg.com|language=en}}</ref>
| industry = [[Metal]]s, [[Manufacturing]], [[Recycling]]
| products = [[Aluminium]]
| area_served = Worldwide
| revenue = {{increase}} US$11.1 billion
| net_income = {{increase}} US$63 million
| num_employees = Nearly 11,000
| parent = [[Hindalco Industries]]
| homepage = [http://www.novelis.com/ www.novelis.com]
}}
'''Novelis Inc.''' is an American industrial aluminum company, headquartered in [[Atlanta, Georgia]], United States.<ref>{{cite web|title=Novelis expanding in Brazil|url=http://www.bizjournals.com/atlanta/news/2011/12/21/novelis-expanding-in-brazil.html|publisher=Atlanta Business Chronicle|accessdate=2012-11-13}}</ref><ref>{{Cite web|title=EDGAR Search Results|url=https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001304280&owner=include&count=40&hidefilings=0|access-date=2020-08-13|website=www.sec.gov}}</ref> It is a [[subsidiary]] of multinational aluminium and copper manufacturing company [[Hindalco Industries]].<ref>{{Cite web|title=Our Companies - Hindalco|url=http://www.hindalco.com/about-us/our-companies|access-date=2020-08-13|website=www.hindalco.com}}</ref> Novelis is a leading producer of rolled aluminum and the global leader in beverage can recycling.<ref>{{cite web|title=Novelis to Invest 50 Million for New Coating Line in Brazil|url=http://www.cantechonline.com/1868/news/novelis-to-invest-50-million-for-new-coating-line-in-brazil/|publisher=CanTech Online|accessdate=2012-11-13}}</ref> The company serves customers in sectors including beverage cans, automotive, consumer electronics, construction, foil and packaging.<ref>{{cite web|title=Novelis LinkedIn|url=http://us.linkedin.com/company/novelis|publisher=LinkedIn|accessdate=2012-11-13}}</ref>

==Company history==

The Novelis company was spun off from [[Canada|Canadian]] mining and aluminum manufacturer, [[Alcan]] Inc. and incorporated in 2005.<ref>{{cite web|title=Novelis - Our History|url=http://www.novelis.com/en-us/Pages/Our-History.aspx|publisher=Novelis|accessdate=2012-11-13}}</ref> The company was acquired by India's [[Hindalco]] Industries for $6 billion in 2007.<ref>{{cite web|title=Hindalco of India Buys Aluminum Rival|url=https://query.nytimes.com/gst/fullpage.htmlres=9F05E7DE1F3FF931A25751C0A9619C8B63&sec=&spon=|work=New York Times|accessdate=2012-11-13}}</ref> The acquisition made Hindalco one of the world's top integrated aluminum players.<ref>{{cite web|title=News and Statistics Novelis - Hindalco's Best Growth Bet|url=http://aluminium-india.org/Newsstatistics.php|publisher=Aluminum India|accessdate=2012-11-13}}</ref> This makes Novelis a member of the [[Aditya Birla Group]].<ref>{{cite web|title=Aditya Birla Group: Novelis|url=http://www.adityabirla.com/our_companies/international_companies/novelis.htm|publisher=Aditya Birla|accessdate=2012-11-13}}</ref>

==Operations==

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 .<ref>{{cite web|title = Novelis - Geographic Locations|url = http://www.novelis.com/en-us/Pages/Geographic-Locations.aspx|publisher = Novelis|accessdate = 2015-11-09}}</ref>
Demand for aluminum is increasing with the continued development of emerging nations, urbanization, and the increasing substitution of aluminum for other materials, making expansion a key consideration.<ref>{{cite web|title=Industry Statistics Reveal Increasing Domestic Demand, Production, and Consumption for Aluminum|url=http://www.aluminum.org/AM/Template.cfm?Section=2012&CONTENTID=33309&TEMPLATE=/CM/ContentDisplay.cfm|publisher=The Aluminum Association|accessdate=2012-11-13}}</ref>
The company invested $100 million in its first manufacturing facility in China, which opened in 2014.<ref>{{cite web|title=Novelis to Build 100 MN Plant in China|url=http://www.business-standard.com/india/news/novelis-to-build-100-mn-plant-in-china/162785/on/CM/|publisher=Business-Standard|accessdate=2012-11-13}}</ref> 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,<ref>{{cite web|title=Novelis to open Shanghai office|url=http://www.aluminiumtoday.com/news/view/novelis-to-open-shanghai-office|publisher=Aluminium Today|accessdate=2012-11-13}}</ref> a $300 million expansion in Brazil <ref>{{cite web|title=Novelis builds on its footprint|url=http://www.ajc.com/news/business/novelis-builds-on-its-footprint/nQQp5/|publisher=Atlanta Journal Constitution|accessdate=2012-11-13}}</ref> and $200 million expansion in North America. In July 2014, it announced that [[Reynolds Consumer Products]] Inc., a subsidiary of the [[Graeme Hart#Rank Group|Rank Group of New Zealand]], purchased the North American consumer products division of Novelis, for CAD $33.75mn.<ref>{{cite web|title = Novelis Completes Sale of North America Consumer Foil Business to Reynolds Consumer Products|url = http://novelis.mediaroom.com/index.php?s=43&item=413|publisher = Novelis|accessdate = 2015-11-09}}</ref>

Novelis recycles more than 70 billion used beverage cans each year.<ref>{{cite web|title = Novelis Sustainability Page|url = https://novelis.com/sustainability/|publisher = Novelis|accessdate = 2020-02-12}}</ref>

==Production==

===Packaging===
* Foil packaging
* Closures
* Beverage Cans - Novelis produces sheet aluminum that it sells to the following companies to be made into cans:
** [[Anheuser-Busch]]
** [[Ball Corporation]]
** [[Coca-Cola]]
** [[GZ Industries Ltd Nigeria]]
** [[Rexam]]<ref>{{cite web|title=Novelis builds on its footprint|url=
http://www.ajc.com/news/business/novelis-builds-on-its-footprint/nQQp5/|publisher=Atlanta Journal Constitution|accessdate=2012-11-13}}</ref>

===Automotive & Transportation===
Aluminum structures and components for transportation products in automotive, automotive heat exchanger and mass transportation.
<ref>{{cite web|title=Novelis - Automotive & Transportation|url=http://www.novelis.com/en-us/Pages/Automotive-and-Transportation.aspx|publisher=Novelis|accessdate=2012-11-13}}</ref>
Auto sheet customers include:

*[[Audi]]
*[[BMW]]
*[[Ferrari]]
*[[Ford Motor Company|Ford]]
*[[General Motors|GM]]
*[[Hyundai Motor Company|Hyundai]]
*[[Mercedes-Benz]]
*[[Jaguar Cars|Jaguar]]
*[[Porsche]]
*[[Volvo]]<ref>{{cite web|title=Novelis to Build First Manufacturing Plant in China|url=
http://www.prnewswire.com/news-releases/novelis-to-build-first-manufacturing-plant-in-china-146930065.html|publisher=PR Newswire|accessdate=2012-11-13}}</ref>
*[[Range Rover]]<ref>{{cite web|title=2012 Range Rover Evoque Features Novelis' Ac-600 PX Aluminum Sheet|url=
http://www.aluminum.org/AM/Template.cfm?Section=Home&CONTENTID=32058&TEMPLATE=/CM/ContentDisplay.cfm|publisher=The Aluminum Association|accessdate=2012-11-13}}</ref>

===Specialty===
* Architecture & Building
** Facade
** Roofing
** Insulation
** Shutters
* Lithography & Printing
* Consumer Goods
**Smartphones, laptops, TV
* Industrial Applications

==Sustainability==

In 2012, Novelis released its second annual [http://286223ab820fcdd418c1-a70764a0e89d03092c3be35911f200c1.r41.cf1.rackcdn.com/Novelis_FY12_Sustainability_Report.pdf 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.<ref>{{cite web|title=Novelis Emerging Sustainability Leader In the Aluminum Industry|url=https://www.reuters.com/article/2012/08/30/idUS124016+30-Aug-2012+PRN20120830|archive-url=https://archive.today/20130201141913/http://www.reuters.com/article/2012/08/30/idUS124016+30-Aug-2012+PRN20120830|url-status=dead|archive-date=2013-02-01|publisher=Reuters|accessdate=2012-11-13}}</ref>

The Novelis report received an A rating from the [[Global Reporting Initiative]] (GRI), the world's most widely used framework for sustainability reporting.<ref>{{cite web|title=Novelis Emerging Sustainability Leader Aluminum|url=https://finance.yahoo.com/news/novelis-emerging-sustainability-leader-aluminum-120000739.html|publisher=Yahoo Finance|accessdate=2012-11-13}}</ref>

== Acquisitions ==
On 15 April 2020, [[Hindalco Industries]]' subsidiary Novelis Inc. acquired [[Aleris|Aleris Corporation]] for $2.8 billion. Through this acquisition Novelis entered into the high-end aerospace segment.<ref>{{Cite web|url=https://www.livemint.com/companies/news/hindalco-closes-2-8-billion-acquisition-of-us-based-aleris-corp-11586876784438.html|title=Hindalco closes $2.8-billion acquisition of US-based Aleris Corp|last=Thomas|first=Tanya|date=2020-04-14|website=Livemint|language=en|access-date=2020-04-14}}</ref>

==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 <ref>{{cite web|title=Platts 2013 Global Metals Awards winners|url=http://gma.platts.com/Winners/Winners2013|publisher=Platts|accessdate=2013-05-25}}</ref>
*2012, Novelis CEO Phil Martens was named one of the top 25 CEOs in the world by Best Practice Institute <ref>{{cite web|title=Novelis' Phil Martens Named One of the Top 25 CEOs in the World by Best Practice Institute|url=http://green.blogs.nytimes.com/2012/06/12/toward-a-greener-soda-can/|work=New York Times|accessdate=2012-11-13}}</ref>
*2012 Aluminium Awards for Innovation Leadership <ref>{{cite web|title=Novelis Recognized for Innovation Leadership with Three European Aluminium Awards|url=https://finance.yahoo.com/news/novelis-recognized-innovation-leadership-three-090000490.html|publisher=Yahoo Finance|accessdate=2012-11-13}}</ref>
*2012 American Metal Market Award for Aluminum Excellence in Environmental Responsibility in 2012:<ref>{{cite web|title=American Metal Market Award for Aluminum Excellence 2012|url=http://www.amm.com/Magazine/3080639/Features/AMM-aluminum-award-winners-announced-for-2012.html|publisher=American Metal Market|accessdate=2012-11-13}}</ref>
*2012 Georgia Governor’s International Award for establishing its Global Research & Technology Center in [[Kennesaw, GA]].<ref>{{cite web|title=2012 Atlanta World Showcase & International Awards|url=http://www.bizjournals.com/atlanta/news/2012/10/05/slideshow-2012-atlanta-world.html|publisher=Atlanta Business Journal|accessdate=2012-11-13}}</ref>
*2011 Innovation Award from [[BMW]]<ref>{{cite web|title=BMW Innovation Award for lightweight vehicle construction|url=http://www.asminternational.org/portal/site/www/NewsItem/?vgnextoid=5a03225c8e983310VgnVCM100000621e010aRCRD|publisher=ASM International|accessdate=2012-11-13}}</ref>
*2009 Vision Award from [[Keep America Beautiful]]<ref>{{cite web|title=Novelis to Receive Award for Green, Volunteering Efforts|url=http://www.reliableplant.com/Read/20649/novelis-to-receive-award-for-green,-volunteering-efforts|publisher=Reliable Plant|accessdate=2012-11-13}}</ref>

==Notes==
{{Reflist}}

==External links==
* [http://www.novelis.com/ Novelis web site]
{{Aditya Birla Group}}
{{Authority control}}

[[Category:Aditya Birla Group]]
[[Category:Aluminum companies of the United States]]
[[Category:Manufacturing companies based in Atlanta]]
[[Category:American companies established in 2005]]
[[Category:Manufacturing companies established in 2005]]
[[Category:2007 mergers and acquisitions]]
[[Category:American subsidiaries of foreign companies]]
[[Category:Corporate spin-offs]]
[[Category:Hindalco Industries]]

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Novelis