NEW YORK–(BUSINESS WIRE)–Alcoa (NYSE:AA) today announced it has taken full control of Evermore Recycling, the undisputed leader in used beverage can (UBC) recycling, and is now operating as a wholly-owned entity of Alcoa. Alcoa and Novelis previously were partners in the joint venture which purchases more recycled cans than any other group anywhere in the world; Alcoa agreed in July to take full control of Evermore at the end of August.
Alcoa’s Evermore Recycling is now a part of Alcoa’s Global Packaging group and will continue to be based in Nashville, TN.
“We are very pleased to have Alcoa’s Evermore Recycling as a wholly-owned part of our business as they are known throughout the world for their strong and committed relationships across the recycling supply chain,” said Andrey Donets, President of Alcoa Global Packaging. “We practically invented the concept of recycling aluminum and have been leaders in pioneering within the industry — we see our strong relationships growing even stronger as we move into this new chapter,” added Donets.
The aluminum can is the most sustainable package in the world and is easily the most recycled container across the globe. Aluminum cans are recycled into new cans in less than 60 days and require 95 percent less energy than cans using primary metal – a cycle that can be repeated infinitely. Approximately 75 percent of all the aluminum ever produced since 1888 is still in use today.
Alcoa is the world’s leading producer of primary and fabricated aluminum, as well as the world’s largest miner of bauxite and refiner of alumina. In addition to inventing the modern-day aluminum industry, Alcoa innovation has been behind major milestones in the aerospace, automotive, packaging, building and construction, commercial transportation, consumer electronics and industrial markets over the past 120 years. Among the solutions Alcoa markets are flat-rolled products, hard alloy extrusions, and forgings, as well as Alcoa® wheels, fastening systems, precision and investment castings, and building systems in addition to its expertise in other light metals such as titanium and nickel-based super alloys. Sustainability is an integral part of Alcoa’s operating practices and the product design and engineering it provides to customers. Alcoa has been a member of the Dow Jones Sustainability Index for 10 consecutive years and approximately 75 percent of all of the aluminum ever produced since 1888 is still in active use today. Alcoa employs approximately 61,000 people in 31 countries across the world. More information can be found at www.alcoa.com.
Kelly Pasterick, 212-836-2674
Kevin G. Lowery, 412-553-1424