Novelis Invests $15.8 Million to Expand Aluminum Recycling in Italy

Novelis Inc., the world's largest producer of rolled aluminum and a global leader in aluminum recycling, today announced the investment of $15.8 million in the construction of a new continuous casting line at its production facility in Pieve Emanuele, Italy. The new line will recycle painted scrap aluminum into the metal needed to produce rolled aluminum sheet.

Today's announcement follows the company's stated commitment in May to increase the amount of recycled metal it uses in its rolling operations around the world from 34 percent today to 80 percent by 2020. Novelis is leading the aluminum industry in sustainably reducing the embedded carbon footprint of its operations and of its customers' products through increased recycling.

"This is one step towards Novelis reaching our ambitious global recycling target," said Tadeu Nardocci, president of Novelis Europe and senior vice president of Novelis Inc. "It also makes sound business sense to install a fifth continuous caster at our Pieve plant so that we can better meet the demands for material across our European operations."

"This is good news for the environment, for Novelis and for our Italian employees," added Emilio Braghi, general manager, Litho and Painted Value Stream, Novelis Europe. "Indeed, the decision announced today will see the largest single investment in our Italian facilities in twelve years. It will increase the amount of continuous caster material used for our Painted Products, where Novelis has an undisputed leadership in supplying premium specialty surface finishes to the European market with coil coating lines in Bresso, Gottingen and Nachterstedt."

The Novelis plant at Pieve Emanuele is an integrated continuous casting, rolling and finishing operation. The aluminum sheet and coil produced at the facility is sold to distributors and end users in a number of industrial and construction markets. The Pieve plant is also the supplier of aluminum coil to the nearby Novelis mill at Bresso, where it is processed into pre-painted, textured and bright finish material for use in transport, construction and industrial applications. Applications include roofing, architectural cladding and domestic appliances.