Historic Plant of the Future Investment
■
INVESTING IN OUR FUTURE
Novelis
Committed to our transformational growth journey to further strengthen industry leading position
Pacing spend of growth capital expenditures, prioritizing projects already under construction
Timing of additional identified investment opportunities remains under evaluation
Will maintain a disciplined balance sheet and net leverage levels around 3x
Fully integrated
US rolling &
recycling facility
$4.1 billion 600kt
state-of-the-art facility
in Bay Minette, US
•
O2024 Novelis
Stand-alone
recycling
investments
$365 million in Guthrie, US
Commissioning early FY25
$65 million in Ulsan,
South Korea
•
Commissioning FY25
Debottlenecking/
high-return rolling
capacity release
$350 million globally for ~265kt
finished good capacity FY24-26
•
North America
$130 million for 65kt in Oswego
Phase 1 complete
$150 million for 80kt in Logan
South America
$50 million for 30kt in Pinda
Phase 1 added 40kt complete
Asia
$20 million for 50kt in Yeongju
Complete
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