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Metal Recycling News January 01, 2014 09:30:37 PM

Novelis to expand its global manufacturing and recycling operations

Paul Ploumis
ScrapMonster Author
Novelis- the leading producer of rolled aluminum and the global leader in beverage can recycling has announced major investments to expand its manufacturing and recycling operations in the US and Germany

Novelis to expand its global manufacturing and recycling operations

NEW YORK (Scrap Monster) : Novelis- the leading producer of rolled aluminum and the global leader in beverage can recycling has announced major investments to expand its manufacturing and recycling operations in the US and Germany. The company has announced new investments to the tune of $205 million to keep serving the rapidly growing world automotive market.

The company has set aside $120 million towards installation of a third aluminum automotive sheet finishing line at its Oswego, New York plant. The investment will further expand its automotive scrap recycling operations through a series of system upgrades. This would increase the company’s North American automotive sheet capacity and result in creation of 90 new jobs in the region.

Novelis has also decided to invest $85 million at its Nachterstedt facility in Germany. The funds will be utilized towards installing a new aluminium automotive sheet finishing line which will raise the company’s capacity in Europe to nearly 350,000 tonnes. The expansion is expected to create around 120 new jobs.

Novelis expects the global demand for aluminum sheets by automakers to grow significantly during the upcoming years.

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