NEW YORK Novelis Inc. is
partnering with customers as it seeks to increase market share
in used beverage can (UBC) procurement, adding that it is "very
happy" with its progress since exiting Evermore Recycling
Novelis has "fully established"
its UBC procurement division, which it started after
withdrawing from the Evermore joint venture
with Pittsburgh-based Alcoa Inc., president and chief
executive officer Philip Martens said Tuesday during a
third-quarter earnings call.
The divisions first month
of operations in September was its "strongest month ever," he
said, adding that the Atlanta-based company is starting to
partner with customers like Coca-Cola Ltd. to expand its market
An increase in global recycling rates will support its push
into UBC scrap. "In every market, there are opportunities to
increase the amount of UBCs that are available for
recyclability," Martens said.