Novelis to Build $2.5 Billion Low-Carbon Aluminum Rolling and Recycling Plant

“This investment marks the beginning of another phase of transformational growth for Novelis,” said Mr. Kumar Mangalam Birla, Chairman of the Aditya Birla Group and of the Board of Directors of Novelis. “We continue to invest in each of the markets Novelis serves – from beverage cans to automotive, aerospace and specialties – and in all geographies. Novelis has a proven track record of providing customers with the durable, low-carbon aluminum solutions they seek, and we will continue that rich history with this investment and more to come.”

More than half of the capacity of the new facility will be used to meet the growing demand for aluminum can foil in North Americadriven by consumer preference for more sustainable packaging.

“Through this investment, we are making a demonstrative commitment to continue growing alongside our customers and meeting their needs for low-carbon, highly sustainable aluminum solutions,” said Steve FisherPresident and CEO of Novelis Inc. “Furthermore, we are well positioned to effectively expand the capacity of this facility in the future – beyond the 600kt announced today – to meet the current strong demand . Our willingness to invest to serve growing markets is a perfect example of how we are fulfilling our corporate purpose of shaping a sustainable world together.”

Novelis’ decision to build a new, fully integrated recycling and rolling plant is based on strong North American demand for low-carbon flat-rolled aluminum from can makers and beverage manufacturers. Aluminum cans, bottles and cups are models of sustainable packaging and circular economy. With an average can-to-can life cycle of just a few months, a can that’s recycled today can be back on store shelves in as little as 60 days.

“As the world’s leading supplier of infinitely recyclable aluminum beverage packaging, Ball is committed to creating a circular economy within the aluminum industry and decarbonizing the value chain is fundamental to this work,” said Ron Lewis, Chief Operating Officer of Ball Corporation, Global Beverage Packaging. “Novelis’ new recycling and rolling plant will not only add much-needed domestic production of sustainable aluminum here in North America but we will do it while reducing the carbon footprint of the products we create.”

The facility will be the first fully integrated aluminum plant built in the United States in 40 years. It is expected to create up to 1,000 well-paying advanced careers in modern manufacturing. It will also be the most sophisticated and durable of its kind. It will aim to be net carbon neutral for scopes 1 and 2, be powered primarily by renewable energy, use recycled water and be a zero waste facility. It will also rely on rail transport, which can reduce logistics-related carbon emissions by up to 70% compared to road transport. The plant will make extensive use of advanced automation and digital technologies, including artificial intelligence, augmented reality and robotics.

With the addition of a new recycling center for beverage cans, Novelis will soon be able to recycle 90 billion cans worldwide, up from the 74 billion used beverage cans the company currently recycles. To support this, Novelis has worked to develop circular economies for aluminum through state and federal public policy, as well as through partnerships with customers and other stakeholders on new approaches that encourage and encourage American consumers to recycle more often.

“Aluminum cans are an important form of packaging which, when recycled, play a vital role in our overall efforts to reduce waste,” said John Murphy, chief financial officer of The Coca-Cola Company. “The announcement of this new low-carbon recycling and rolling facility by our long-time partners at Novelis will benefit the Coca-Cola system, our customers and consumers, while reducing environmental impact. .

Site work is ongoing and the company expects to begin commissioning in mid-2025.

In addition to the beverage can market, the facility will also serve the automotive market, where aluminum is the fastest growing material as automakers plan to meet their sustainability goals.

About Novélis
Novelis Inc. is driven by its goal of shaping a sustainable world together. We are a global leader in the production of innovative aluminum products and solutions and the world’s largest aluminum recycler. Our ambition is to be the leading provider of sustainable, low-carbon aluminum solutions and to achieve a fully circular economy by partnering with our suppliers, as well as our customers in the aerospace, automobile, beverage cans and specialties. North America, Europe, Asia and South America. Novelis achieved net sales of
$17.1 billion in financial year 2022. Novelis is a subsidiary of Hindalco Industries Limited, a leader in the aluminum and copper industry, and the flagship metals company of the Aditya Birla Group, a multinational conglomerate based in Bombay. For more information, visit novelis.com.

Forward-looking statements
Statements made in this press release that describe Novelis’ intentions, expectations or forecasts may be forward-looking statements within the meaning of securities laws. Examples of forward-looking statements in this press release include investment plans of approximately $2.5 billion, carbon neutral targets for Scope 1 and 2 emissions, and the creation of approximately 1,000 new jobs. in Minette Bay. Novelis cautions that, by their nature, forward-looking statements involve risks and uncertainties. We do not intend, and disclaim any obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise. Material risk factors that could impact results are included under the heading “Risk Factors” in the company’s Form 10-K filed with the Securities and Exchange Commission for the fiscal year ended March 31, 2022.

SOURCENovelis Inc.

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