Atlanta’s rolled and recycled aluminium firm Novelis Inc. announced yesterday a plan to invest US$175 million to expand the production and recycling capabilities of its Pindamonhangaba plant in Brazil.
Per the firm’s press release, planned upgrades include bumping up rolled aluminium capacity by 100 thousand metric tons per year to a total of 680 thousand metric tons per annum and increasing recycling capacity by 60 thousand metric tons per annum to 450 thousand metric tons per annum. Additional improvements include a new water-sourcing system and the purchase of 90 additional acres of land for future expansion.
Steve Fisher, President and Chief Executive Officer, Novelis Inc., says the improvements, which are slated to be completed by 2021, help to achieve several of the company’s existing goals.
“This investment in additional rolling and recycling capacity further strengthens our commitment to the South American region and better positions us to meet our customers’ needs. Our focus on establishing another reliable water source also helps us further deliver on our purpose of shaping a sustainable world together.”
Tadeu Nardocci, Senior Vice President of Novelis Inc. and President of Novelis South America, emphasized the improvement to sustainable business practices the investment represents.
“Sustainability is the backbone of our business model and this expansion project is fully aligned with this vision. Pindamonhangaba plant is already the largest center of rolled products and aluminum recycling in South America. With this expansion, Novelis solidifies its leadership position and creates new opportunities to offer innovative solutions to its customers.”
“It’s very important for the state of São Paulo to contribute to this high value-added project,” opined São Paulo Agency for the Promotion of Investments and Competitiveness’s (Investe SP) director Sérgio Costa. “São Paulo needs initiatives like this that promote the economic, social and environmental development of the state. Investe’s role is to help companies to install or develop their businesses and in doing so, improve economic potential, generate jobs, income and increase the production supply chain and logistics involved.”