EX-99.1
Published on February 12, 2010
Exhibit 99.1
News Release
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Novelis to Expand Presence in Atlanta
North American HQ relocates from Cleveland
North American HQ relocates from Cleveland
ATLANTA, Feb. 11, 2010 Novelis Inc. announced today that approximately 80 professional
positions will be moving to Atlanta as the company relocates its North American headquarters from
Cleveland to its world headquarters here. This consolidation, when combined with other expected
staff additions, will bring Novelis Atlanta staff to approximately 220 people by the end of 2010.
Novelis, a $10.2 billion global leader in aluminum rolled products and aluminum can recycling,
currently has about 12,000 employees in 11 countries spanning four continents. Novelis selected
Atlanta as its world headquarters in 2005 when it was spun off from Canadian aluminum producer
Alcan.
The move of our North American headquarters to Atlanta will not only streamline our processes, but
will also better align the North American business group with the global corporate center and vice
versa, said Philip Martens, president and chief operating officer of Novelis. North America is
one of our biggest markets, and it just makes good business sense to consolidate these operations
at our Atlanta-based corporate headquarters.
The move is the latest in a series of steps taken by the company over the past year designed to
realign its global operations, consolidate corporate functions, enhance organizational
effectiveness, increase efficiencies and reduce costs. Recent initiatives have included the
realigning of manufacturing capacity to optimize its global footprint, tightening control of
inventory levels, maximizing credit and risk management, standardizing procurement protocols and
reducing energy costs.
This step will help Novelis become more nimble as a company and better prepare us for future
growth, said Jean-Marc Germain, president of Novelis North America. The synergies and other
benefits this consolidation brings will make for better decision-making and foster a stronger
working team.
Novelis consolidation of North American operations at its Atlanta headquarters provides
additional evidence that multi-national corporations thrive in our city, said Atlanta Mayor Kasim
Reed. Atlanta is a global center of international commerce with a vibrant corporate community. I
am delighted to welcome the North American headquarters staff of Novelis to our great city.
Were excited about expanding our presence in Atlanta, added Martens, and I want to thank the
Atlanta Development Authority and the Atlanta Chamber of Commerce for their assistance with this
move.
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About Novelis
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
Asias 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.
Forward-Looking Statements
Statements made in this news release which describe Novelis intentions, expectations or
predictions may be forward-looking statements within the meaning of securities laws. Examples of
forward-looking statements in this news release include, among other things, Novelis ability to
reduce costs as a result of its initiatives, including the relocation of its North American
headquarters. Novelis cautions that, by their nature, forward-looking statements involve risk and
uncertainty. We do not intend, and we disclaim any obligation, to update any forward-looking
statements, whether as a result of new information, future events or otherwise. Important risk
factors which could impact outcomes are included under the caption Risk Factors in our Quarterly
Reports on Form 10-Q for the quarters ended June 30, 2009, and September 30, 2009, and in our
Annual Report on Form 10-K for the year ended March 31, 2009.
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Media Relations | Investor Relations | |
Atlanta:
Charles Belbin 404-814-4260 charles.belbin@novelis.com |
Isabel Janci 404-814-4730 isabel.janci@novelis.com |
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Cleveland: |
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Pat Persico 440-423-6522 pat.persico@novelis.com |
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