Atlanta’s rolled aluminium firm Novelis Inc. last week entered into a Cooperation Research Agreement with European aerospace firm Airbus Group SE. The new agreement will have the two firms collaborating on development of new aluminium products for the aerospace industry.
Novelis says the new agreement will increase the rate at which each firm’s research and development into aerospace aluminium alloys progresses. The firm notes that its commitment to a fully circular aluminium cycle is dependent upon cooperation with stakeholders at every stage of the aluminium value chain, including suppliers and customers.
Philippe Meyer, Senior Vice President and Chief Technology Officer at Novelis, said in a press release that aluminium is the best possible metal for use in the aerospace industry.
“At Novelis, we are confident that this agreement will allow us to take full advantage of the circularity potential of aluminum as a material that can be infinitely recycled without loss of performance. Aluminum is the perfect solution to make the new generations of aircraft lighter, to enable the usage of new engine solutions and to make the aircraft manufacturing and supply chain more cost effective and robust.”
Novelis is a subsidiary of Mumbai’s Hindalco Industries Ltd. Based in Atlanta, the firm accounts for almost half of Hindalco’s consolidated revenue. The world’s largest recycler of aluminium, Novelis conducts operations in ten different countries, employs around eleven thousand people, and reported US$17.1 billion in net sales for the most recent fiscal year.