Novelis announced that it will invest approximately USD 32 million to expand recycling capacity at its aluminum rolling and recycling complex in Pindamonhangaba of Brazil.
Today's announcement is in addition to USD 300 million rolling mill expansions currently under way at the plant and a further USD 30 million invested over the past 2 years to expand recycling capacity and establish a network of used can collection centers within the country.
Mr Phil Martens president and CEO for Novelis Inc said that "These back to back investments totaling more than USD 360 million respond to two major strategic initiatives for Novelis expand our production capacity in emerging global markets and reduce our carbon footprint through increased recycling."
Mr Martens said that we recently established an ambitious goal to increase the recycled content of our products to 80% by 2020 from the current 33% and investments such as this are an important part of our plan to get there.
The expansion announced will include a state of the art recycling line that will nearly double the plant's capacity to recycle used beverage cans and other aluminum scrap from 200,000 metric tons per year to 390,000 tonnes per year. The new line which is expected to come on stream in late 2013 will help to ensure metal supply for the plant's rolling mills while reducing operating costs and delivering environmental benefits. Aluminum recycling uses only 5% of the energy and greenhouse gas emissions required to produce primary aluminum.
Mr Marco Palmieri senior VP of Novelis Inc and President of Novelis South America said that "Novelis is the leading producer of flat rolled aluminum products in South America and the largest recycler of beverage cans. Novelis has had a long, successful history in Brazil and these investments are further evidence of our commitment to strengthen our market leadership in the region."
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