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.
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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.
It plans to increase the recycled content of its products from the current 33% to 80% by 2020.
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By GlobalData
