Novelis Completes $30 Million Expansion of Aluminum Rolling Mill in Korea



    SEOUL, South Korea, March 17 /CNW/ -- Novelis Korea Limited announced
today the completion of a $30 million expansion of its aluminum rolling mill
in Yeongju, South Korea.  The expansion, which required two years to complete,
included the addition of a fourth stand on the plant's continuous hot rolling
mill along with enhancements to the plant's cold rolling mill, coating line
and associated finishing equipment.
    
    (Logo:  http://www.newscom.com/cgi-bin/prnh/20070809/NOVELISLOGO )
    
    "The Yeongju expansion increases our ability to serve our customers in
Asia with superior aluminum sheet products," said Martha Brooks, president and
chief operating officer of the parent company, Novelis Inc.  "The investment
is a key step in executing our business strategy to enhance our high-value
product portfolio in one of the fastest growing regions in the world."
    Novelis is the leading supplier of aluminum sheet in South Korea, China
and Southeast Asia.  The company's subsidiaries in the region shipped a
combined total of 515 kilotonnes of aluminum products in 2007.  Novelis
expects the Yeongju expansion to further increase its aluminum rolling
capacity by approximately 100 kilotonnes annually.
    Last November, Novelis Korea received the Republic of Korea's Export
Tower award for exceeding US$1 billion in exports in 2007.  Tom Walpole,
president of Novelis Korea, received a Silver Tower Industrial Medal from
President Roh Moo-hyun for his contribution to the nation's exports.
    "The Yeongju investment allows us to further expand our capability in
sheet for high-value applications such as beverage cans, electronics and
transportation markets," said Jacquie Bartlett, vice president sales and
marketing for Novelis Korea.  "These products have the highest quality
requirements in the business.  Our market leadership is a tribute to the high
performance of our people, our assets and our technology."
    Novelis Korea Limited is a joint venture of Novelis Inc. (68%), Taihan
Electric Wire Co. Ltd. (31%), and the Hyundai Group (1%).  Novelis Korea
employs more than 1,200 employees in the production of a broad range of high-
end aluminum rolled products.  For more information on Novelis Korea Limited,
visit www.novelis.co.kr
    Novelis Inc. is the global leader in aluminum rolled products and
aluminum can recycling. The company operates in 11 countries, employs
approximately 12,900 people and reports annual revenues of more than $11
billion. Novelis supplies premium aluminum sheet and foil products to
automotive, transportation, packaging, construction, industrial and printing
markets throughout North America, South America, Europe and Asia. Novelis is a
subsidiary of Hindalco Industries Limited, Asia's largest integrated producer
of aluminum and a leading copper producer. Hindalco is the flagship company of
the Aditya Birla Group, a multinational conglomerate based in Mumbai, India.
For more information on Novelis, visit www.novelis.com
    Statements made in this news release which describe Novelis' intentions,
expectations or predictions may be forward-looking statements within the
meaning of securities laws. Examples of forward-looking statements in this
news release include those regarding our expectations for increased production
capacity and an enhanced product portfolio. Novelis cautions that, by their
nature, forward-looking statements involve risk and uncertainty. We do not
intend, and we disclaim any obligation, to update any forward-looking
statements, whether as a result of new information, future events or
otherwise. Important risk factors which could impact Novelis are included
under the caption "Risk Factors" in our Annual Report on Form 10-K for the
year ended December 31, 2006, as amended and filed with the United States
Securities and Exchange Commission (SEC), and are specifically incorporated by
reference into this news release.




For further information:

For further information: Pat Persico of Novelis Inc., +1-440-423-6522, 
cell: +1-440-725-9148, pat.persico@novelis.com; or SooHyun Oh of Novelis 
Korea Limited, +82-2-2259-1626, cell: +82-10-9731-0417, 
soohyun.oh@novelis.com Web Site: http://www.novelis.co.kr                 
http://www.novelis.com

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NOVELIS KOREA LIMITED

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