Novelis Plans To Invest US$175 Million To Expand Brazilian Aluminum Business

- Nov 16, 2018-

Novelis plans to invest $175 million to expand the Brazilian aluminum business. Novelis, a supplier of aluminum rolled products, said it will invest $175 million in the Pindamonhangaba plant to expand its aluminum production and recycling capacity in Brazil. Headquartered in Atlanta, Georgia, Novelis operates in 10 countries and employs approximately 11,000 people. The Pindamonhangaba plant is located in the Paraíba Valley between São Paulo and Rio de Janeiro and is currently being expanded to better serve its can customers. The investment will increase Novell's aluminum rolling output by 100,000 tons and recovery capacity by 60,000 tons. The investment will also be used to develop new water systems and to acquire approximately 90 acres of land for future development. After the completion of the expansion project, the plant's aluminum sheet capacity will reach 680,000 tons / year and the recycling capacity will reach 450,000 tons / year.

In the first three quarters of 2018, the output of major aluminum products increased steadily. The output of alumina, electrolytic aluminum and aluminum was 50.57 million tons, 25 million tons and 33.75 million tons respectively, up 3.4%, 4.2% and -1.5% respectively. Electrolytic aluminum and alumina enterprises: 30% limited production. The proportion of production limits for electrolytic aluminum companies that meet ultra-low emission limits and alumina companies that meet special emission limits has been reduced to 20%. Carbon companies: implementation of production suspension. A single production line with a capacity of 100,000 tons or more, which meets the requirements of ultra-low emission, is free from peak production. A single production line with a capacity of less than 100,000 tons (including), to achieve ultra-low emission requirements, limited production of 50%.