Novelis Inc announced the completion of its USD 150 million investment to expand both rolling and recycling capacity at its Pindamonhangaba, Brazil, plant by 100 kilotonnes each. Annual capacity at this rolling and recycling complex, the largest in South America, is expected to increase to approximately 680 kilotonnes for aluminum sheet and 490 kilotonnes for recycling.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 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.In addition to the new aluminum rolling and recycling capacity, the investment includes the establishment of another reliable water source for the plant and a new railway terminal, further demonstrating Novelis' commitment to sustainability.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.
Novelis Inc announced the completion of its USD 150 million investment to expand both rolling and recycling capacity at its Pindamonhangaba, Brazil, plant by 100 kilotonnes each. Annual capacity at this rolling and recycling complex, the largest in South America, is expected to increase to approximately 680 kilotonnes for aluminum sheet and 490 kilotonnes for recycling.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 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.In addition to the new aluminum rolling and recycling capacity, the investment includes the establishment of another reliable water source for the plant and a new railway terminal, further demonstrating Novelis' commitment to sustainability.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.
