Novelis Completes Expansion of Aluminum Rolling Mill

Novelis Korea Limited has announced the completion of a $30 million expansion of its aluminum rolling Mill in Yeongju, South Korea. The expansion, which required two years to complete, included the addition of a fourth stand on the plant's continuous hot rolling mill along with enhancements to the plant's cold rolling mill, coating line and associated finishing equipment.

"The Yeongju expansion increases our ability to serve our customers in Asia with superior aluminum sheet products," says Martha Brooks, president and CEO of the parent company, Novelis Inc. "The investment is a key step in executingour business strategy to enhance our high-value product portfolio in one of the fastest growing regions in the world."

Novelis is a leading supplier of aluminum sheet in South Korea, China and Southeast Asia. The company's subsidiaries in the region shipped a combined total of 515 metric tons of aluminum products in 2007. Novelis expects the Yeongju expansion to further increase its aluminum rolling capacity by approximately 100 metric tons annually.

Novelis Korea Limited is a joint venture of Novelis Inc., Taihan Electric Wire Co. Ltd and the Hyundai Group. Novelis Korea employs more than 1,200 employees in the production of a broad range of high end aluminum rolled products.

Visit www.novelis.co.kr for more information.

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