Share on Facebook Share on Twitter Email
Answers.com

Novelis

 
Hoover's Profile: Novelis Inc.
Contact Information
Novelis Inc.
3399 Peachtree Rd. NE, Lenox Bldg., Ste. 1500
Atlanta, GA 30326
GA Tel. 404-814-4200
Fax 404-814-4219

Type: Subsidiary
On the web: http://www.novelis.com
Employees: 12,000

Nothing can foil Novelis, because it has the art of rolling aluminum in the can ... the aluminum can, that is. Novelis, a 2005 spin-off of what is now called Rio Tinto Alcan, manufactures aluminum rolled semi-finished products primarily used by the construction and industrial, foil products, transportation, and beverage and food can industries. The rolled aluminum is made with alloy mixtures in a range of hardnesses, thicknesses, and widths, with various coatings and finishes designed specifically for its end-use segments. The company also recycles more than 35 billion beverage cans annually. India's Hindalco Industries, part of the Aditya Birla Group, owns Novelis.

Key numbers for fiscal year ending December, 2008:
Sales: $1,891.7M

Officers:
Chairman: Kumar Mangalam Birla
SVP and CFO: Steven R. (Steve) Fisher
Manager Corporate Communications: Charles Belbin

Competitors:
Alcoa
Aleris International
Hydro Aluminium

Search unanswered questions...
Enter a question here...
Search: All sources Community Q&A Reference topics
Wikipedia: Novelis
Top

Novelis Inc. is a Canadian company headquartered in Toronto involved in aluminum rolling and aluminum can recycling. It was spun off from Alcan's rolling division and incorporated in January 2005. Novelis has executive offices located in Atlanta, GA. On February 11, 2007, the company entered into a definitive agreement to be acquired by India's Hindalco for U$6 billion, which makes the combined entity the world's largest rolled-aluminium producer. This also makes the company a member of Aditya Birla Group.

On May 15 , 2007, the acquisition was completed with Novelis shareholders receiving $44.93 per outstanding share of common stock. As a result the stock is no longer listed on the TSX and NYSE.

References

External links


 
 

 

Copyrights:

Hoover's Profile. ©2008 Hoover's, Inc. All rights reserved.  Read more
Wikipedia. This article is licensed under the Creative Commons Attribution/Share-Alike License. It uses material from the Wikipedia article "Novelis" Read more