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Alcoa to take over Evermore Recycling

United States – Alcoa, the world-leading producer of primary and fabricated aluminium, has reached an agreement with Novelis that will allow the former to assume full control of their joint venture Evermore Recycling with effect from August 31 this year. The used beverage container (UBC) specialist will become part of Alcoa’€™s Global Packaging group and will keep its location in Nashville, USA.

‘€˜Alcoa’€™s Evermore Recycling is known throughout the world for its strong and committed relationships across the recycling supply chain,’€™ notes Alcoa Global Packaging President Andrey Donets, who believes this transaction will make its connections in the scrap market ‘€˜grow even stronger’€™.

Mr Donets adds: ‘€˜We’€™ve been a leader and pioneer in recycling since the aluminium can was invented and we see great opportunities in this new chapter to deepen our rich heritage in recycling.’€™

Novelis has revealed it is drawing up plans to establish a new organisation for the procurement of UBCs for its existing recycling plants in Greensboro (Georgia), Berea (Kentucky) and Oswego (New York). Through this expansion, Novelis expects its global UBC consumption to grow to more than 60 billion by 2015.

Novelis’€™ Vice President for Global Recycling Derek Prichett says these moves link to the company’€™s global strategy, which seeks to ‘€˜enhance our scrap procurement and recycling assets to support our goal of achieving 80% recycled content in our products by 2020’€™.

For more information, visit www.alcoa.com and www.novelis.com

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