Alcan spin-off to begin operations Jan. 1 as Novelis
Alcan Inc. has announced that its publicly-traded company to be created in the spin-off of its aluminum rolled products business will begin operations on Jan. 1, 2005. The new company will be called Novelis.
Novelis will be domiciled in Canada, with its executive office in the U.S. The company will operate on four continents with 38 facilities in 12 countries and more than 13,000 employees. The company will supply aluminum sheet products to the automotive and transportation, beverage and food cans, construction and industrial, household foil and lithographic industries. It also will recycle aluminum beverage cans.