Novelis reaches 61% recycled aluminium throughout its product range

USA – Aluminium company, Novelis has incorporated 61% recycled aluminum across its production lines for the fiscal year ending March 31, 2023. The company says the achievement marks the highest percentage of recycled content in the aluminum flat-rolled products industry, strengthening its position as a leader in aluminum recycling and decarbonization. Last year, Novelis recycled approximately 2.3 million metric tonnes…

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Ball offloads its Aerospace business to BAE for US$5.6B

USA – Aluminum packaging producer, Ball Corporation has agreed to sell its aerospace business to BAE Systems for gross proceeds of US$5.6 billion. The transaction, which is subject to regulatory approvals and customary closing conditions and adjustments, is projected to close in the first half of 2024. Commenting on the announcement, Charles Woodburn, chief executive at BAE Systems, says: “The…

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