Novelis celebrates roofing ceremony for its $250 million aluminum recycling plant in Germany
“Installation of the roof is an important milestone for this major project, which remains on track for completion in July 2014,” said Erwin Mayr, President, Novelis Europe. “Interior work will begin immediately and equipment installation will begin this fall.”
The new center will support the company’s drive to increase end-of-life recycling in Europe, where Novelis is already the leading recycler of aluminum beverage cans. The center will process used beverage cans as well as numerous other forms of aluminum scrap from across continental Europe. Novelis expects the center to create 200 new jobs when it is commissioned next year.
“This investment represents another step in delivering on our commitment to dramatically increase the recycled content of the rolled aluminum we provide to our global customers, while also signifying our long-term commitment to the European market,” added Mayr. “The advanced sorting, processing and casting capabilities of the new Nachterstedt operation will propel us closer to our global goal of 80 percent recycled content by 2020.”
US firm leads $1 billion credit facility for Novelis Inc.
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