Coca-Cola Bottlers' Sales & Services Company LLC (CCBSS), the Coca-Cola entity purchasing aluminum can sheet for the Coca-Cola System in North America, and Novelis Inc., the world's leading producer of aluminum rolled products, today announced the signing of a multi-year agreement for the supply of aluminum can sheet. The agreement took effect January 1, 2012.
The agreement covers the supply of aluminum can body stock, can end stock and can tab stock to the various producers of beverage cans for Coca-Cola in North America. Terms of the contract were not disclosed.
The contract continues a decades-long relationship between the two companies and maintains Novelis' role as the primary supplier of aluminum can sheet to Coca-Cola in North America.
"We're pleased to have reached an agreement with our aluminum supplier, Novelis, resulting in a multi-year aluminum can sheet contract," says Mark Shaughnessy, president and CEO of CCBSS. "This new agreement not only continues a highly-valued, long-standing supply partnership, but it also sets the stage for us to collaboratively drive increases in packaging recovery and re-use. With our partners at Novelis, we look forward to our continued success and delivering refreshing Coca-Cola products across North America."
"The partnership between Coca-Cola and Novelis reflects a deep commitment to the environment on the part of both companies," says Phil Martens, president and CEO of Novelis. "Coca-Cola has been a highly valued customer for many years and we are pleased that this new agreement allows us to continue to bring the recycling and sustainability benefits of the aluminum can to drinkers of Coca-Cola products throughout North America."
In the context of the new contract, the companies have also agreed to dismiss litigation pending in the Georgia State Court System, relating to previous contractual terms.
Source: Novelis Inc.