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Novelis

Leading maker of aluminum rolled products.

Headquarters:
3399 Peachtree Road, Suite 1500
Atlanta, GA 30326
Employees: 10,850
CEO: Phil Martens
Subsidiary of Hindalco Industries

Website: http://www.novelis.com

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Novelis Inc. is the global leader in aluminum rolled products and aluminum can recycling.

The Company operates in 11 countries and has nearly 11,000 employees.

Novelis supplies premium aluminum sheet and foil products to automotive, transportation, packaging, construction, industrial, electronics and printing markets throughout North America, Europe, Asia, and South America.

Novelis is a subsidiary of Hindalco Industries Limited (BSE: HINDALCO), one of Asia's largest integrated producers of aluminum and a leading copper producer. Hindalco is a flagship company of the Aditya Birla Group, a multinational conglomerate based in Mumbai, India.

Novelis reported sales of $10.6 billion in 2010, up 22% from the previous year. Net income was $116 million.

History

Novelis represents a unique combination of the new and the old. Novelis is a new company, formed in January 2005. Novelis is a spin-off from Alcan and draws on a rich 90-year history in the aluminum rolled product marketplace.

Novelis inherited its processes, structure and values from Alcan. In 1902, the Canadian subsidiary of the Pittsburgh Reduction Company (later re-named Alcoa) was first chartered as the Northern Aluminum Company, Limited. When Alcoa divested most of its interests outside the United States in 1928, Alcan was formed as a separate company from Alcoa to assume control of most of these interests. In the following years Alcan expanded globally, building or acquiring hydroelectric power, smelting, packaging and fabricated product facilities run by approximately 88,000 employees in 63 countries.

The first Alcan rolling operation began in 1916 in Toronto, Canada, with an 84-inch hot mill and three finishing mills. Over the years Alcan constructed a number of mills, including several that are among the largest aluminum rolling operations in each of the geographic regions in which Novelis operates:

- Oswego, United States (1963) - hot-rolling mill began operations and is now a major producer of can stock and industrial sheet.
- Norf, Germany (1967) - a joint venture, owned at 50%, operates the world's largest hot mill rolling facility in terms of capacity.
- Saguenay Works, Canada (1971) ­ the largest continuous caster in the world in terms of capacity.
- Pindamonhangaba, Brazil (1977) ­ the only South American plant producing beverage can body and end stock.

More recent expansion has been through acquisitions and modernization of existing mills, which expanded Alcan's can stock, sheet and foil rolling capabilities.

Novelis was formed in 2005 to acquire and independently carry on most of the aluminum rolled products businesses operated by Alcan.

In 2007, Novelis was acquired by Hindalco Industries Limited, another veteran of the aluminum business. Hindalco is the flagship company of the Aditya Birla Group of companies, a multinational conglomerate headquartered in Mumbai, India.

Following the merger, Novelis became a wholly owned subsidiary of Aditya Birla Group. With the addition of Novelis, Hindalco became the world's largest aluminum rolling company and one of the biggest producers of primary aluminum in Asia.

Updated October 25, 2011