date:Jul 19, 2012
The joint venture, which will continue to 31 August this year, claims it purchases more used beverage cans (UBCs) than any other group worldwide.
Novelis said it will exit the partnership, of which it held a 55.8% stake, to ensure it achieves its target of 80% recycled content in their products by 2020.
Alcoa said they were keen to take control as they saw great opportunities to expand the venture and be active in the market to drive recycling rates by helping suppliers.
The partnership was s