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13 NOVEMBER 2018 AL CIRCLE

Novelis Invests US$175 million to expand aluminium rolling and recycling facilities in Brazil

EDITED BY : BEETHIKA BISWAS 2MINS READ

Novelis Inc. has invested US$175 million for the expansion of its Pindamonhangaba plant, located in the Paraíba Valley between São Paulo and Rio de Janeiro, Brazil. The expansion at the company's flagship Brazil facility will add 100 thousand tonnes of rolling capacity and 60 thousand tonnes of recycling capacity. This will bring the plant’s total aluminum sheet capacity to approximately 680 thousand tpy and recycled aluminium capacity to 450 thousand tpy.

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The expansion is designed to cater to its beverage can and specialty customers. The investment also includes a new water sourcing system and the purchase of approximately 90 acres of land for future expansion.

"This investment in additional rolling and recycling capacity further strengthens our commitment to the South American region and better positions us to meet our customers' needs," said Steve Fisher, President and Chief Executive Officer, Novelis Inc. "Our focus on establishing another reliable water source also helps us further deliver on our purpose of shaping a sustainable world together."

The constructions of these expanded facilities in the Pindamonhangaba plant will start in February 2019 and are likely to be complete in 2021. The expansion will expand sheet ingot, hot mill and recycling production and complementary improvements and create more than 50 new jobs.

"Sustainability is the backbone of our business model and this expansion project is fully aligned with this vision," said Tadeu Nardocci, Senior Vice President of Novelis Inc. and President of Novelis South America. 

He added that Novelis’ Pindamonhangaba plant, which is already the largest center of rolled products and aluminum recycling in South America, will create new opportunities and offer innovative solutions to its customers. Investe SP, a São Paulo Agency for the Promotion of Investments and Competitiveness supports the expansion.  The agency helps companies to install or develop their businesses while improving the economic potential and increasing the production supply chain and logistics involved.

"It's very important for the state of São Paulo to contribute to this high value-added project. São Paulo needs initiatives like this that promote the economic, social and environmental development of the state,” said Sérgio Costa, the agency's director.


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EDITED BY : BEETHIKA BISWAS 2MINS READ

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