Atlanta’s rolled aluminium firm Novelis announced this week the signing of a new long-term contract with Coca-Cola Bottlers’ Sales & Services Company (CCBSS) for the supply of aluminium can sheet.
The firm said that its contract with The Coca-Cola Company’s authorized North American bottlers will be supplied from its aluminium plant in Bay Minette, Alabama, which is currently under construction.
No further details of the deal were released in the announcement, including contract price or volume of aluminium to be delivered under the deal.
Steve Fisher, President and CEO of Novelis, said in a press release that the deal is but one in a long line of commercial agreements with Coca-Cola.
“This new long-term contract builds on a decades-long relationship between Novelis and the Coca-Cola system, and further strengthens Novelis’ position as the leading provider of aluminum for beverage cans. This contract validates our investment in expanding rolling and recycling capacity in North America and solidifies a strong future for sustainable aluminum as the beverage packaging material of choice.”
Dan Coe, Chief Procurement Officer of The Coca-Cola Company, said that Novelis has been key to its long-term plans.
“[T]he evolving role on behalf of The Coca-Cola Company and our Bottlers is to build a resilient domestic supply chain, thus enabling sustainable long-term growth. We recognize Novelis as a leader in sustainability, committed to supporting our 2030 World Without Waste Targets.”
Novelis is a subsidiary of Mumbai’s Hindalco Industries Ltd. Based in Atlanta, the firm accounts for almost half of Hindalco’s consolidated revenue. The world’s largest recycler of aluminium, Novelis conducts operations in ten different countries, employs around eleven thousand people, and reported US$18.4 billion in net sales for the most recent fiscal year.
