ATLANTA, June 13 /PRNewswire-FirstCall/ -- Novelis Inc. (NYSE: NVL)
(TSX: NVL), the global leader in aluminum rolled products, today unveiled
Novelis Fusion(TM) technology, a new process that simultaneously casts
multiple alloy layers into a single aluminum rolling ingot. This marks the
first time that any company has achieved the commercial production of
multi- alloy aluminum ingots.
"This is a game-changing technology," said Brian Sturgell, president
and chief executive officer of Novelis. "Engineers have tried for decades
to cast multi-alloy ingots in a commercial environment. Novelis has now
succeeded, demonstrating our ability to achieve -- and commercialize --
significant innovations that will enhance existing markets and permit
development of new markets."
Novelis Fusion technology produces a high quality ingot with a core of
one aluminum alloy, combined with one or more layers of different aluminum
alloy(s). The ingot can then be rolled into a sheet product with different
properties on the inside and the outside, allowing previously unattainable
performance for flat rolled products and creating opportunity for new,
Conventional single-alloy products require customers to choose an alloy
based either on the required core properties such as strength, or the
desired surface characteristics such as corrosion-resistance. Novelis
Fusion technology can satisfy both needs in the same product.
"No longer will customers need to make trade-offs between core
properties and surface properties in their aluminum sheet products," said
Sturgell. "Now they can achieve the optimal combination of both. This
technology positions Novelis to provide even greater support to our
customers' success by helping them improve their current products and, more
importantly, to develop a new generation of products with superior
Previously, multi-alloy aluminum sheet products were achievable only
through a low-tech, high-cost, manual ingot-cladding process and were
limited to a small range of alloys. The new Novelis Fusion technology
produces a perfect metallurgical bond between the alloy layers and permits
alloy combinations never before possible in aluminum rolling. Novelis has
filed patents on this technology in countries worldwide.
"Novelis Fusion technology adds a new level of flexibility on an
industrial scale," said Thomas W. Eagar, Sc.D., professor of materials
engineering and engineering systems at the Massachusetts Institute of
Technology. "It is the most significant breakthrough in aluminum
solidification since the introduction of direct chill casting in the
The market potential for Novelis Fusion technology is with customers in
industries such as automotive, architectural, building and construction,
durable goods, electronics and transportation, to name a few. Examples of
potential applications include:
- Automotive sheet with both strength and improved formability to enable
new design options.
- Architectural applications with a superior surface finish and enhanced
- Household appliances with a variety of attractive finishes and better
- Underground pipes with maximum corrosion resistance combined with high
- Rail cars with high load-carrying capacity and better wear resistance.
- Electronics cases that are highly durable and provide a high-tech
- Boat hulls with enhanced corrosion resistance without compromising
Novelis Fusion entered into commercial production in March of this year
at the company's rolling mill in Oswego, N.Y. Initial production capacity
is 70,000 metric tons per year. Novelis has successfully cast hundreds of
ingots of more than 50 different aluminum alloy combinations, and customer
shipments of Novelis Fusion sheet products are under way.
"We are in the process of transferring the Novelis Fusion technology to
production centers in both Europe and Asia," said Sturgell. "This is an
expandable technology, and we will grow our production capacity as demand
Novelis is the global leader in aluminum rolled products and aluminum
can recycling. The Company operates in 11 countries and employs more than
13,000 people. Novelis has the unrivaled capability to provide its
customers with a regional supply of technologically sophisticated rolled
aluminum products throughout Asia, Europe, North America and South America.
Through its advanced production capabilities, the Company supplies aluminum
sheet and foil to the automotive and transportation, beverage and food
packaging, construction and industrial, and printing markets. For more
information, visit http://www.novelis.com.
Statements made in this news release which describe Novelis'
intentions, expectations or predictions may be forward-looking statements
within the meaning of securities laws. Novelis cautions that, by their
nature, forward- looking statements involve risk and uncertainty and that
Novelis' actual results could differ materially from those expressed or
implied in such statements. Important factors which could cause such
differences include, but are not limited to: competitive factors, ability
to consistently meet quality standards of Novelis Fusion(TM) technology in
a commercial environment, ability to achieve the benefits described for
multi-alloy sheet, ability to achieve market penetration in potential
industries, uncertainties of potential litigation, achieving necessary
patents on the Novelis Fusion technology, the Company's ability to meet
Novelis Fusion sales forecasts, the Company's economic ability to install
Novelis Fusion casting centers worldwide, the price of aluminum; global
supply and demand conditions for Novelis Fusion products; demand and
pricing within the principal markets for the Novelis Fusion products;
changes in government regulations, particularly those affecting
environmental, health or safety compliance associated with the Novelis
Fusion; economic developments; relationships with (and financial or
operating conditions of) customers and suppliers; competition from other
aluminum rolled products producers as well as from substitute materials
such as steel, glass, plastic and composite materials; the level of our
indebtedness and ability to generate cash; and other factors relating to
the Company's ongoing operations. The financial information provided in
this news release was prepared by management and has not been audited.
Reference should be made to Novelis' registration statement on Form S-4
filed with the Securities and Exchange Commission for a discussion of other
major risk factors.
SOURCE Novelis Inc.