Novelis Inc. (NVL)
NYSE NYSE Primary Summary
U.S. IPO Weekly Recap: Healthcare Software Leads $1.3 Billion IPO Week, Even As Novelis Calls Off IPO
Five IPOs debuted this week and raised over $1.3 billion in proceeds and one SPAC is also listed. Three IPOs submitted initial filings this past week - Alumis, Breathe BioMedical and UEOPLE Technology. Two sizable IPOs are scheduled for the week ahead - Tempus AI and Telix Pharmaceuticals.
Novelis Postpones Over $900 Million U.S. IPO
Hindalco-backed aluminum recycling company Novelis has postponed its U.S. listing of over $900 million, citing market conditions.
Novelis to raise up to $945M in US IPO
Novelis is targeting a valuation of up to $12.6 billion in its US stock market, the maker of aluminum products revealed on Tuesday. A subsidiary of Hindalco Industries, Novelis is the world's largest rolled aluminum sheet producer, with customers including Coca-Cola, Ford and Jaguar Landrover.
Novelis Inc. Profile
| Aluminum Industry | Basic Materials Sector | - CEO | NYSE Exchange | - ISIN |
| United States Country | - Employees | 16 Nov 2006 Last Dividend | - Last Split | - IPO Date |
Overview
Novelis Inc., established in 2004 and headquartered in Atlanta, Georgia, operates at the forefront of the aluminum recycling and production industry across North America, South America, Asia, and Europe. As a subsidiary of AV Minerals (Netherlands) N.V., Novelis stands out in the sector for its significant contribution to the aluminum sheets, plates, and light gauge products market. They are renowned for their commitment to sustainability, evidenced by their extensive recycling operations which includes processing both post-consumer aluminum from sources like used-beverage cans and post-industrial scrap. Novelis asserts its global presence by directly selling to customers and leveraging distributors for a wider reach.
Products and Services
- Aluminum Sheets and Plates: Novelis manufactures aluminum sheets and plates designed for a variety of applications, including use in the automotive, transportation, aerospace, electronics, architectural, and industrial product markets. These high-quality materials are fundamental in the production of vehicles, spacecraft, consumer electronics, and construction materials, underscoring their versatility and importance across industries.
- Light Gauge Aluminum Products: Specializing in light gauge aluminum products, Novelis caters to the packaging market with solutions primarily for beverage and food can and foil products. These products are tailored to meet the stringent requirements of the food and beverage industry, ensuring safety, durability, and recyclability, thereby promoting sustainable packaging solutions.
- Aluminum Recycling: As a leader in the aluminum recycling arena, Novelis emphasizes the importance of circular economy initiatives by recycling post-consumer aluminum, including used-beverage cans, and post-industrial scrap. Their recycling operations not only contribute to reducing the environmental impact of aluminum production but also ensure a steady supply of raw materials for their own production processes, showcasing a self-sustaining business model focused on sustainability.
Contact Information
