Novelis invests USD 175 million to expand recycling capabilities in Brazil

Novelis Inc announced an investment of USD 175 million at its Pindamonhangaba plant, located in the Paraíba Valley between Sao Paulo and Rio de Janeiro. The expansion of the company’s flagship facility in South America will benefit the organization’s beverage can and specialty customers by bolstering capacity with 100 kilotonnes of additional rolling production and 60 kilotonnes of increased recycling. These expansions will bring total capacity of the Pindamonhangaba facility to approximately 680 kilotonnes per year of aluminum sheet and 450 kilotonnes annually of recycled metal. The investment also includes a new water sourcing system and the purchase of approximately 90 acres of land for potential future growth. Mr Steve Fisher, President and Chief Executive Officer, Novelis Inc said that “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. Our focus on establishing another reliable water source also helps us further deliver on our purpose of shaping a sustainable world together.” Construction on these expansions to the Pindamonhangaba plant will officially begin in February 2019 and are expected to be complete in 2021. The project includes an increase in sheet ingot, hot mill and recycling production and complementary improvements. The project should create more than 50 new jobs. Mr Tadeu Nardocci, Senior Vice President of Novelis Inc. and President of Novelis South America said that “Sustainability is the backbone of our business model and this expansion project is fully aligned with this vision. Pindamonhangaba plant is already the largest center of rolled products and aluminum recycling in South America. With this expansion, Novelis solidifies its leadership position and creates new opportunities to offer innovative solutions to its customers.”