Novelis Inc., the world leader in aluminum rolling and recycling, announced the completion of its $150 million investment to expand both rolling and recycling capacity at its Pindamonhangaba, Brazil, plant by 100 kilotonnes each. The additional recycling capacity is the newest step in support of the company’s ambitious sustainability goals to reduce its carbon footprint by 30 percent…
Hindalco-owned Novelis recently announced that it has completed the acquisition of Ohio-based aluminium rolled product manufacturer Aleris Corp. The deal, which was signed two years back, has finally been completed at a value of $2.8bn. The deal has also made Hindalco the world’s largest aluminium maker. In an official statement, Kumar Mangalam Birla, Chairman of…
Novelis Inc., a subsidiary of Hindalco Industries Ltd, announced it has received the final clearance needed to complete its acquisition of Aleris Corporation, a global supplier of rolled aluminum products. Previously, the European Commission determined that the acquisition could proceed on the condition that Novelis divest Aleris’ plant in Duffel, Belgium to a third party…