The money will be spent at its Pindamonhangaba, Brazil, operations and will have a 100kt/y capacity of sheet. It will come on stream in late 2013.

Novelis forecasts demand for aluminum beverage cans in South America to grow by 7%/y until 2020.

The Pindamonhangaba facility is an integrated rolling and recycling complex located in the state of Sao Paulo.

The plant is currently in the midst of a $300M expansion of its rolling mill and a $32M expansion of its recycling capacity.