(Note: Novelis withdrew its IPO plans in a letter to the SEC dated Oct. 8, 2024, in which it cited “market conditions” as the reason for scrapping its IPO. The Atlanta-based aluminum company had filed its plans to go public (S-1 filing) on May 13, 2024.)

Novelis’ purpose of “Shaping a Sustainable World Together” is at the core of who we are. (Incorporated in Canada) 

Our purpose guides our strategy and the way we work, the decisions we make and the partnerships we pursue. In line with our purpose, our vision is to “advance aluminum as the material of choice with circular solutions.” Our customers around the world rely on us for sustainable solutions and products, and we make positive contributions in the communities where we live and work.

We consider ourselves the leading producer of innovative, sustainable aluminum solutions and the world’s largest recycler of aluminum. Specifically, we believe we are the leading provider of low-carbon aluminum solutions, helping to drive a circular economy by partnering with our suppliers and customers in beverage packaging, automotive, aerospace and specialties (a diverse market including building & construction, signage, foil & packaging, commercial transportation and commercial & consumer products, among others) markets globally. Throughout North America, Europe, Asia, and South America, we have an integrated network of 32 world-class, technologically advanced facilities, including 14 recycling centers, 11 innovation centers, and 13,190 employees.

Aluminum is the sustainable material of choice for a wide range of growing end-markets that require strong, yet lightweight, sustainable solutions. The virtually infinite recyclability of aluminum is essential to our innovative circular business model. With operations on four continents in nine countries, we consider our global scale to be a distinct competitive advantage. In addition, our leading position in aluminum recycling combined with our cutting-edge operational processes provides us with an advantaged cost position, increasing our operating cash flow. For fiscal 2024, we had total flat-rolled product shipments of 3,673 kt, net sales of $16.2 billion, net income of $600 million, and Adjusted EBITDA of $1,873 million.

*Note: Net income and revenue are for our Fiscal Year 2024, which ended on March 31, 2024.

(Note: On Tuesday evening, June 4, 2024, Novelis announced that it has postponed its IPO due to market conditions.)

(Note: Novelis postponed its IPO on Tuesday evening, June 4, 2024, “due to market conditions,” the company said in a news release posted online hours after the books had been scheduled to close. The IPO had been set to price Wednesday night, June 5, to trade Thursday, June 6, 2024, on the NYSE. Background: Novelis disclosed terms for its IPO in an F-1/A filing dated May 28, 2024: The selling shareholder will offer 45.0 million shares at a price range of $18.00 to $21.00 to raise $877.5 million, if priced at the mid-point of its range. All of the stock in the IPO is being offered by the selling shareholder. The company will not receive any proceeds from the IPO. Background: Novelis filed its F-1 for its IPO on May 13, 2024, without disclosing terms. The company says the IPO’s estimated proceeds would be $100 million. That is most likely a placeholder figure. Some IPO pros estimate that Novelis’ IPO could raise as much as $1.3 billion.)