Novelis

Core business and purpose

• Leading producer of innovative, sustainable aluminum solutions and the world’s largest recycler of aluminum.
• Focused on low-carbon aluminum products that support a circular economy.
• Serves beverage packaging, automotive, aerospace, and specialties markets globally, with additional exposure to building and construction, signage, foil and packaging, commercial transportation, and commercial and consumer products.

Scale and footprint (as of fiscal 2026)

• Net sales: $18.4 billion
• Shipment volumes: 3,731 kilotonnes (kt)
• Employees: 12,750
• Global operations across nine countries on four continents (North America, South America, Europe, and Asia)
• Facilities: 29 operating sites (hot/cold rolling, finishing, casting, recycling)
• Recycling centers: 15
• Innovation centers: 11

Corporate structure and ownership

• Subsidiary of Hindalco Industries, the metals flagship of the Aditya Birla Group.
• Plan of arrangement completed September 1, 2022: AV Metals, Inc. merged into Novelis Inc.; all outstanding shares of Novelis are owned directly by AV Minerals (Netherlands) N.V. and indirectly by Hindalco.

Markets and products

• Primary products: aluminum sheet, plate, and light gauge products for packaging (beverage cans, food cans, foil) and for automotive, transportation, aerospace, electronics, architectural, and industrial applications.
• End-use markets:
  • Packaging (beverage packaging and foils)
  • Transportation (vehicle structures, body-in-white, panels, battery enclosures for EVs)
  • Architectural (siding, gutters, cladding, doors/windows, facades)
  • Industrial (heat exchangers, electrical and machinery components)
  • Consumer durables and other (electronics, appliances, cookware)

Input materials and pricing

• Inputs include primary aluminum (from smelters, price typically set on the LME plus regional premia) and recycled aluminum (post-consumer and post-industrial scrap).
• Recycled aluminum is produced internally or purchased, generally at discounts relative to primary aluminum depending on scrap type, quality, and region.

Capabilities and operations

• Production processes: hot rolling, cold rolling, finishing, casting, and recycling.
• Emphasis on recycling across facilities to support sustainability goals; recycling uses much less energy than primary production.

Industry context

• Market position: global flat-rolled aluminum supplier with strong positions in beverage packaging and automotive markets.
• Competitive landscape includes global and regional players such as Arconic, Constellium, Gränges AB, Hulamin, Ma'aden, Shandong Nanshan Aluminum Co., Kobe UACJ/Tri-Arrows, Zhongfu, and others.

Key factors affecting supply and demand

• Supply: production capacity, technology choices, capital intensity of expansions (hot mill vs. continuous casting), and trade dynamics (tariffs and non-tariff barriers).
• Demand drivers: economic growth, substitution toward aluminum from steel, plastics, and glass, and sustainability-driven demand in packaging and lightweight vehicle applications including EVs.
• Trade policy environment: evolving tariffs and trade relationships, including U.S. tariff actions since 2025 and global tariff surcharges in 2026.
• Seasonality: typical third-quarter slowdown due to holidays, weather, and maintenance downtime.
• Sustainability: aluminum’s recyclability and energy efficiency advantages support demand for sustainable packaging and lightweighting.

Strategy and efficiency initiatives

• Novelis Operating System (NOS): World Class Manufacturing-based approach to standardize and improve operating performance, predictability, quality, and supply resilience.
• Cost savings target: approximately $350–$400 million in annualized savings by the end of fiscal 2028.

Financial and operational metrics (selected)

• Net sales: $18.4 billion (fiscal 2026)
• Shipment volume: 3,731 kt
• Employees: 12,750