Novelis, a subsidiary of Hindalco Industries, is all set to build a $250m aluminium recycling and casting centre at its plant in Nachterstedt, Germany.
The new facility, which will be constructed next to the company’s existing aluminium rolling mill, will produce 400,000t of aluminium sheet ingot from recycled material annually.
Novelis president and chief executive officer Phil Martens said the new Nachterstedt operation’s sorting, processing and casting capabilities will take the company closer to achieving its goal of 80% recycled content by 2020.
"This investment represents another step in delivering on our commitment to dramatically increase the recycled content of the rolled aluminium sheet we provide to our world-class global customers," Martens said.
Expected to be commissioned in mid-2014, the centre will help support the company’s drive to increase end-of-life recycling in Europe.
The Nachterstedt centre will process used beverage cans and various other forms of aluminium scrap from across Europe.
Novelis claims that the expansion is the latest in a series of recycling and casting expansion projects launched by the company over the past two years, accruing nearly $450m of spending.
The expansion also includes the commissioning of a new integrated recycling and casting centre by the company in Yeongju, Korea, in October 2012.
The new projects, in addition to others in the pipeline across the world, have been designed to increase the recycling and casting capacity of Novelis to 2.1 million tonnes by 2015.
Novelis, a global aluminium rolling and recycling company, which operates in 11 countries, reported revenues of $11.1bn for fiscal 2012.