Novelis Inks Large Deal with Rexam

Novelis Inc. has signed a multi-year supply agreement with the South American operations of Rexam PLC, a large beverage can manufacturer. Under terms of the agreement, valued at about $1 billion, Novelis will be the lead supplier of aluminum can sheet for Rexam plants throughout Brazil, Argentina and Chile.

"Rexam is an important global customer for Novelis," said Martha Brooks, president and COO of Novelis. "This agreement to supply the growing South American markets further strengthens our long-standing relationship with Rexam and signifies our commitment to be the global leader in high-value aluminum rolled products."