Hindalco Subsidiary Signs Agreement With The Us Based Ball Corporation For The Supply Of Aluminum Beverage Can Sheets

Top Stories

Company

L&T Partners with PS Technology to Revolutionise Railways

6 mins read. August 2, 2024 at 12:45 PM

Company

Jindal Saw Q1 FY24 PAT Rises 67% to Rs 441 Cr

4 mins read. August 2, 2024 at 12:41 PM

Company

Pfizer Q1 FY25 PAT Zooms 61% to Rs 151 Cr

4 mins read. August 2, 2024 at 12:36 PM

Stock chart

Hindalco subsidiary signs agreement with the US-based Ball Corporation for the supply of aluminum beverage can sheets

ri-calendar-2-lineSep 12, 2023

By: BlinkX Research Team

FbkFbkTwitterTelegram

Earlier this year, Hindalco Industries' subsidiary Novelis Inc. inked a long-term agreement with Ball Corporation for the supply of aluminum beverage can sheets.

 

By the terms of the agreement, Novelis will supply aluminum sheets to Ball Corporation's North American can manufacturing facilities, Hindalco reported in a filing to the exchanges on Monday.

 

“Novelis has secured all of the beverage can capacity from its new plant in Bay Minette, Alabama, underscoring the strong demand for the company’s high-recycled-content beverage can sheet,” Hindalco said.

 

Additionally, this will be the first fully integrated aluminum production facility developed in the US in almost 40 years, with an initial capacity of 6 lakh tonnes of finished goods, primarily for the North American beverage can and automobile sectors.

 

The agreement advances both companies' commitment to sustainability and their teamwork in enhancing beverage can recycling, according to the filing.

 

Novelis expects that from 2022 to 2031, the worldwide market for beverage can sheets will expand at a compound annual growth rate of 3%.

 

In addition to new beverage varieties being packed in cans, such as water, energy drinks, soda, beer, wine, hard seltzers, and ready-to-drink cocktails, the demand will increase due to customer preference for more sustainable products and size variety.

Related News

News Thumbnail
Company

L&T Partners with PS Technology to Revolutionise Railways

6 mins read. August 2, 2024 at 12:45 PM

News Thumbnail
Company

Jindal Saw Q1 FY24 PAT Rises 67% to Rs 441 Cr

4 mins read. August 2, 2024 at 12:41 PM

News Thumbnail
Company

Pfizer Q1 FY25 PAT Zooms 61% to Rs 151 Cr

4 mins read. August 2, 2024 at 12:36 PM

News Thumbnail
Company

NBCC Arm Gets Two Construction Projects Worth Rs 443.61 Cr

4 mins read. August 2, 2024 at 12:33 PM

Related Blogs

Stock chartDemat Account

Biggest Winners and Losers in MSCI: Key Movers in Global Indices 2025

0 people read

3 mins read . Aug 20, 2025

Stock chartMutual Fund

What MF Big Boys Bought and Sold – Top Mutual Fund Stock Activity in 2025

0 people read

8 mins read . Aug 18, 2025

Download app

Access BlinkX
everywhere
across device

Join the Future of Trading

with BlinkX

#ItsATraderThing

Open Trading Account
Verify your phone
+91
*By signing up you agree to our terms & conditions