ATLANTA, Aug. 6 /CNW/ - Novelis Inc., the world leader in aluminum rolled
products, announced today the signing of a multi-year supply agreement with
the South American operations of Rexam PLC, one of the world's leading
consumer packaging groups and the No. 1 beverage can maker.
Under the terms of the agreement, valued at approximately US$1 billion,
Novelis will be the lead supplier of aluminum can sheet for Rexam plants
throughout Brazil, Argentina and Chile.
The long-term agreement consolidates Novelis' business with one of its
largest customers in an important market sector and provides supply assurance
for Rexam in South America.
"Rexam is an important global customer for Novelis," said Martha Brooks,
President and Chief Operating Officer of Novelis Inc. "This agreement to
supply the growing South American markets further strengthens our
long-standing relationship with Rexam and signifies our commitment to be the
global leader in high-value aluminum rolled products."
About Novelis in Brazil
In Brazil, Novelis is involved in bauxite mining, alumina production,
chemicals, primary aluminum production, aluminum rolling and recycling. The
company employs approximately 2,100 people throughout the country. In 2000,
Novelis completed a US$370-million investment in its Brazilian operations to
further secure its position as the region's leading producer of aluminum
rolled products. The company's main assets in Brazil are the aluminum
smelters in Aratu (BA) and Ouro Preto (MG), aluminum rolling operations in
Pindamonhangaba and Santo Andre (SP), and nine hydropower plants located
throughout the Estate of Minas Gerais. For more information, visit
About Novelis Inc.
Novelis Inc. is the global leader in aluminum rolled products and
aluminum can recycling. The company operates in 11 countries, has
approximately 12,900 employees and reported revenue of US$9.8 billion in 2006.
Novelis supplies premium aluminum sheet and foil products to automotive,
transportation, packaging, construction, industrial and printing markets
throughout Asia, Europe, North America and South America. For more
information, visit www.novelis.com. 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 further information:
For further information: Corporate Media, Charles Belbin, (404)
814-4260, (404) 803-2588 mobile, email@example.com; or Brazil Media,
Eunice Lima, +55-11-4469-6244, firstname.lastname@example.org; or Roberta Ribeiro,
+55-11-4469-6242, email@example.com; all of Novelis, Inc., Web Site: