This new contract is the third major one that Novelis has signed in less than seven months for the beverage packaging market in North America
Novelis Inc., a leading sustainable aluminum solutions provider and the world leader in aluminum rolling and recycling, today announced that it has signed a new contract with Ardagh Metal Packaging USA Corp., a global supplier in sustainable aluminum beverage packaging solutions. Under the contract, Novelis will supply aluminum beverage packaging sheet to Ardagh’s metal production facilities in North America.
This new contract is the third major one that Novelis has signed in less than seven months for the beverage packaging market in North America.
“Finalizing another meaningful customer agreement in North America is a testament to the strength of the beverage packaging market in the region, which is being driven by consumer desire for more sustainable choices,” said Steve Fisher, president and CEO of Novelis. “Given its ability to be easily recycled back into the same product, the aluminum beverage can is a model of sustainable packaging.”
This latest contract comes as Novelis is in the midst of building a new rolling and recycling plant in Bay Minette, Ala. The plant will be the first fully integrated aluminum plant built in the U.S. in nearly 40 years and will have an initial capacity of 600,000 tonnes of finished goods for the North American beverage packaging and automotive markets.
“As a leading global supplier of sustainable and infinitely recyclable aluminum beverage cans, we’re proud of our partnership with Novelis, which shares our focus on sustainability and innovation,” said Oliver Graham, CEO, Ardagh Metal Packaging. “Novelis has been part of our story since our founding, and we look forward to the new plant coming online and supporting our continued growth.”
Novelis expects global demand for aluminum beverage packaging sheet to grow at a 4% compounded annual growth rate between 2023 and 2031. The demand growth is driven by consumer preference for more sustainable products and size variety, as well as more beverage types being packaged in cans, including water, energy drinks, soda, beer, wine, hard seltzers and ready-to-drink cocktails.
Source: Company Press Release