Go To

Novelis

Local bank serving NJ, NY and CT.

Headquarters:
3399 Peachtree Road, Suite 1500
Atlanta, GA 30326
Employees: 12,500
Acting CEO: Ed Blechschmidt
Stock Symbol: NVL

Website: http://www.novelis.com

No career site

Novelis is the world leader in aluminum rolling, producing an estimated 19 percent of the world's flat-rolled aluminum products. Novelis is the No. 1 rolled products producer in Europe, South America and Asia, and the No. 2 producer in North America.

The company produces high-quality aluminum sheet and foil products for customers in markets including automotive, transportation, packaging, construction and printing. Customers include major brands such as Agfa-Gevaert, Alcan, Anheuser-Busch, Ball, Coca-Cola, Crown Cork & Seal, Daching Holdings, Ford, General Motors, Lotte Aluminum, Kodak, Pactiv, Rexam, Ryerson Tull, Tetra Pak , ThyssenKrupp and others.

Novelis is also the world leader in the recycling of used aluminum beverage cans. The company recycles more than 35 billion used beverage cans annually -- enough to circle the earth more than 100 times.

Novelis is globally positioned, operating in 11 countries with approximately 12,500 employees. In 2005, the company reported net sales of $8.4 billion.

Formed as a Canadian corporation in January 2005, Novelis' shares are traded on the Toronto and New York Stock Exchanges under the symbol NVL. The company's executive offices are located in Atlanta, GA.

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 to acquire and independently carry on most of the aluminum rolled products businesses operated by Alcan.

Updated February 6, 2007