Novelis Signs Multi-Year Agreement to Supply Can Sheet to Anheuser-Busch
ATLANTA, Oct. 26 /PRNewswire/ -- Novelis today announced the signing of a new multi-year agreement to supply aluminum can sheet to Anheuser-Busch. The agreement becomes effective January 1, 2010, when Novelis' existing supply contract with Anheuser-Busch expires.
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The agreement extends a long-running relationship between Novelis Inc., the world's leading can sheet producer, and Anheuser-Busch, Incorporated, a wholly owned subsidiary of Anheuser-Busch InBev N.V./S.A. - the world's No. 1 brewer. The contract covers the supply of can body stock, can end stock and can tab stock for use in the production of aluminum beverage containers. Terms of the agreement were not disclosed; however, Novelis acknowledged that the agreement relates to Anheuser-Busch's North American operations only and provides for volumes similar to the current contract.
"Anheuser-Busch has been a valued customer of Novelis for many years and we are pleased that, with this new agreement, we will continue to be a supplier to the company," said Phil Martens, president and chief operating officer of Novelis.
About Novelis
Novelis Inc. is the global leader in aluminum rolled products and aluminum can recycling. The company operates in 11 countries, has approximately 12,300 employees and reported revenue of $10.2 billion in fiscal year 2009. Novelis supplies premium aluminum sheet and foil products to automotive, transportation, packaging, construction, industrial, electronics 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.
Released October 26, 2009