ATLANTA, July 16, 2012 /PRNewswire/ -- Novelis
announced today that it will establish a new organization for the
procurement of used beverage cans (UBCs) in North America that will make the company the
largest UBC buyer in the region. The announcement follows the
company's decision to withdraw from its Evermore joint venture with
Alcoa effective August 31, 2012.
Novelis will procure all UBCs for its recycling plants in
Greensboro, GA, Berea, KY, and Oswego, NY, directly through the new
organization.
"This move is in line with our global strategy to enhance our
scrap procurement and recycling assets to support our goal of
achieving 80% recycled content in our products by 2020," said
Derek Prichett, Vice President,
Global Recycling for Novelis. "The ability to independently control
our assets and manage our business will provide us with more
flexibility to execute our strategic plans. This is the primary
driver behind our exit of Evermore."
As the leading recycler of UBCs in North America and the world, Novelis currently
buys the equivalent of 40 billion cans a year, worth an estimated
$1 billion. Novelis expects its
global consumption of UBCs to grow to more than 60 billion cans by
2015.
Chris Anderson, currently supply
chain manager for Evermore, will rejoin Novelis effective
August 1, 2012, to lead the company's
new UBC procurement organization reporting to Silverio Colalancia, Director of Recycling,
Novelis North America. In addition, the company anticipates
that a number of current Evermore employees will join its new
Atlanta-based organization, which
will include buyers in strategic locations throughout North America.
Novelis will continue to receive UBCs in North America exclusively through Evermore
until August 31.
About Novelis
Novelis Inc. is the global leader in aluminum rolled
products and the world's largest recycler of used aluminum cans.
The company operates in 11 countries, has more than 11,000
employees and reported revenue of $11.1
billion in fiscal year 2012. 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. For more information, visit www.novelis.com and
follow us on Twitter at twitter.com/Novelis.
SOURCE Novelis Inc.