ATLANTA, July 12 /PRNewswire/ -- Novelis Inc., the world's leading producer of aluminum rolled products, announced today that the Superior Court of Fulton County, Georgia, has dismissed a lawsuit filed against the company by Coca-Cola Bottler's Sales and Services Company LLC (CCBSS).
"While we expected to win, we are pleased with the Court's ruling," said Phil Martens, President and COO of Novelis. "Now that the suit is formally dismissed, we will continue to keep focused on what we do best -- providing high-quality aluminum rolled products to our customers, including Coca-Cola's bottlers."
The lawsuit was filed against Novelis Corporation, the company's U.S. subsidiary, in Georgia state court on February 15, 2007. CCBSS alleged in its complaint that Novelis breached the contract between the parties and sought monetary damages in an amount to be determined at trial. In an opinion filed on Thursday, July 8, 2010, the Court granted Novelis' motion for summary judgment, dismissing CCBSS's claims. CCBSS has not indicated whether it plans to appeal.
Novelis Inc. is the global leader in aluminum rolled products and aluminum can recycling. The company operates in 11 countries, has approximately 11,600 employees and reported revenue of $8.7 billion in its 2010 fiscal year. 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 (BSE: HINDALCO), one of Asia's largest integrated producers of aluminum and a leading copper producer. Hindalco is a flagship company of the Aditya Birla Group, a multinational conglomerate based in Mumbai, India. For more information, please visit www.novelis.com.
SOURCE Novelis Inc.