Novelis Inc., the world leader in aluminum rolling and recycling, 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 additional recycling capacity is the newest step in support of the company’s ambitious sustainability goals to reduce its carbon footprint by 30 percent by 2026 and to be net carbon neutral by 2050, the statement said.
“Recycling and increasing the use of recycled content in our products is the cornerstone of Novelis’ sustainability journey,” said Steve Fisher, President and Chief Executive Officer, Novelis Inc. “We will continue to identify and invest in projects like this expansion in Brazil that will move Novelis toward being a fully circular business.”
The additional capacity at the South American plant will allow Novelis to continue growing 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, the company said.
“This project reaffirms Novelis’ commitment to serve the growing South American market with high-quality, innovative, low-carbon, sustainable aluminum solutions,” said Francisco Pires, Senior Vice President, Novelis Inc. and President, Novelis South America. “We stand ready to meet our customers’ needs both now and into the future.”
This is the second major investment within a decade in the Pindamonhangaba plant. It was made possible with technical support from InvestSP, the São Paulo Agency for Promoting Investments and Competitiveness, the company added.
“InvestSP’s mission is to help develop the entire state,” explained Gustavo Diniz Junqueira, the Agency’s President. “A project of this scope contributes to the economy by creating jobs and furthering industrial activity in Brazil, so we dedicated our efforts in evolving together with Novelis in this expansion.”
Ninety new permanent positions have been added at the Pindamonhangaba plant as a result of the expansion, which was completed on time and within budget, the company notes.
Novelis is a subsidiary of Hindalco Industries Limited, an industry leader in aluminum and copper, and the metals flagship company of the Aditya Birla Group, a multinational conglomerate based in Mumbai.
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