Alcoa and Novelis to procure UBCs
Alcoa and Novelis have formed a new, joint venture company,
Evermore Recycling LLC, for the procurement of aluminum
beverage containers (UBCs). Evermore Recycling will provide
suppliers a direct relationship with Alcoa and Novelis,
two of the leading consumers and processors of UBCs within
North America. The goals of the joint venture are to
build stronger supplier relationships, deliver cost savings
and efficiencies within the UBC purchasing process, and
accelerate strategic initiatives to reach the industry’s
goal of increasing the aluminum can recycling rate to
75 percent by 2015.
Evermore Recycling is limited to the procurement of UBCs.
All other aspects of Alcoa and Novelis’ businesses will
remain completely independent. In September, Evermore
Recycling initiated commercial relationships with prospective
suppliers for deliveries effective January 1, 2010.
Evermore Recycling will be headquartered in Nashville
and will employ approximately 20 individuals.