Novelis renews supply deal with Thyssenkrupp Aerospace

Novelis Inc, the US subsidiary of Hindalco Industries, renewed its partnership with thyssenkrupp Aerospace for the supply of specialised aerospace-space grade aluminium.


Through this multi-year agreement, Novelis will supply the aluminium from its facilities in Koblenz, Germany, and Zhenjiang, China, to several of thyssenkrupp Aerospace's key markets in Europe and Asia. Novelis did not disclose the value of the contract and its duration.



Novelis, the world's largest recycler of aluminium, had first signed the contract with thyssenkrupp Aerospace in 2014. "We look forward to building on this successful relationship, underlining Novelis' role as a preferred supplier and continuing to deliver high-quality products that meet the evolving needs of the aerospace industry," said Johan Petry, vice president of sales & marketing of global aerospace at Novelis, in a statement.

Shipments to the aerospace segment accounted for 3% of Novelis' total shipments in FY24. The company expects demand to grow around 5% in the long-term, it said in its latest earnings presentation.