Novelis inc. has announced the completion of its $150 million investment to expand both rolling and recycling capacity at its Pindamonhangaba, Brazil, plant by 100 kilotonnes each. The company claims that the added capacity will enable the company to continue supplying sustainable products for the rapidly growing beverage packaging market.
With this expansion, the annual capacity at this rolling and recycling complex is expected to increase to approximately 680 kilotonnes for aluminium sheet and 490 kilotonnes for recycling.
The additional recycling capacity is the newest step in support of the company's sustainability goals to reduce its carbon footprint by 30 percent by 2026 and to be net carbon neutral by 2050.
Steve Fisher, President and Chief Executive Officer, Novelis Inc, commented on the completion of the project,
"Recycling and increasing the use of recycled content in our products is the cornerstone of Novelis' sustainability journey,… We will continue to identify and invest in projects like this expansion in Brazil that will move Novelis toward being a fully circular business."Steve Fisher, President and Chief Executive Officer, Novelis Inc
The additional capacity at the South American plant will allow Novelis to continueto grow alongside its beverage packaging and specialty customers in the region. The investment also includes the purchase of an additional 380,000-square-meters of land for potential future expansion.
Francisco Pires, Senior Vice President, Novelis Inc. and President, Novelis South America, added:
"This project reaffirms Novelis' commitment to serve the growing South American market with high-quality, innovative, low-carbon, sustainable aluminum solutions… We stand ready to meet our customers' needs both now and into the future."Francisco Pires, Senior Vice President, Novelis Inc. and President, Novelis South America
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