Aug 9 2007
Novelis Inc., the world leader in aluminum rolled products, announced today the signing of a multi-year supply agreement with the South American operations of Rexam PLC, one of the world's leading consumer packaging groups and the No. 1 beverage can maker.
Under the terms of the agreement, valued at approximately US$1 billion, Novelis will be the lead supplier of aluminum can sheet for Rexam plants throughout Brazil, Argentina and Chile.
The long-term agreement consolidates Novelis' business with one of its largest customers in an important market sector and provides supply assurance for Rexam in South America.
“Rexam is an important global customer for Novelis,” said Martha Brooks, President and Chief Operating Officer of Novelis Inc. “This agreement to supply the growing South American markets further strengthens our long-standing relationship with Rexam and signifies our commitment to be the global leader in high-value aluminum rolled products.”