US-based Novelis plans to invest $32m to expand the recycling capacity at its aluminium rolling and recycling plant in Pindamonhangaba, Brazil.
The expansion will include a new recycling line that will be operational in late 2013 and nearly double the plant’s capacity to recycle aluminium scrap from 200,000t to 390,000t a year.
The line will reduce operating costs, deliver environmental benefits and help Novelis ensure the metal supply for the plant’s rolling mills.
Currently, a $300m rolling mill expansion is under way at the plant and the company has invested a further $30m in the past two years to expand recycling capacity and establish a network of used can collection centers within Brazil.
Phil Martens, Novelis president and CEO, said the investments also aim to reduce the company’s carbon footprint.
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It plans to increase the recycled content of its products from the current 33% to 80% by 2020.
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