- Category: Europe
27 Nov 2012
- Published on Tuesday, 27 November 2012 07:16
- Hits (1856)
Ground has been broken in Nachterstedt, Germany for a $250 million facility which will be the world’s largest aluminum recycling center.
Aluminum recycling company Novelis began working on the recycling center on November 26 and expects to commission the plant by mid-2014.
The facility is adjacent to their existing aluminum rolling mill and will enable the company to produce 400,000 metric tons of aluminum sheet ingot from recycled material annually.
The facility will increase the company’s end-of-life recycling in Europe, processing used beverage cans and other aluminum scrap from across the continent. The center will create about 200 new jobs in the area.
“This investment represents another step in delivering on our commitment to dramatically increase the recycled content of the rolled aluminum sheet we provide to our world-class global customers,” said Phil Martens, president and chief executive officer for Novelis.
Novelis incorporates recycled metal into their aluminum output, saving natural resources as well as energy as using recycled aluminum as input material requires only 5 percent of the energy used to make primary aluminum form raw materials.
The company has set a goal of 80 percent recycled content by 2020.
Novelis supplies aluminum sheet and foil products for a variety of industries throughout North America, Europe, Asia and South America. It is a subsidiary of Asia-based aluminum and copper producer Hindalco Industries Limited which is part of India-based conglomerate Aditya Birla Group.
For the past two years, Novelis has been investing around $450 million in operation expansion projects to increase their recycling and casting capacity to 2.1 million tons by 2015.