DAILY NEWS Dec 17, 2013 11:27 AM - 0 comments

Novelis injects $205-million into auto recycling expansion

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By: SWR Staff
2013-12-17

Novelis, the world leader in aluminum rolling and recycling, has announced it will invest an additional $205 million to further expand its global automobile recycling operations.

The company plans to build new finishing lines at its plants in Oswego, N.Y. and Nachterstedt, Germany. They will be dedicated to the production of aluminum automotive sheet.

The two new lines will each have a capacity of 120,000 metric tonnes per year. 

The latest expansions are in response to the escalating global demand from automakers for aluminum sheet, which the company expects to grow by more than 30 per cent per year through the end of the decade. When the new lines are commissioned in late 2015, Novelis' global automotive sheet capacity will reach approximately 900,000 tons per year, a three-fold increase from just a year ago. 

Novelis aluminum can be found in more than 180 different vehicle models produced by leading automakers around the globe. Aluminum is becoming the sustainable choice for the latest generation of vehicles because of its low weight and recyclability enabling reduced life cycle emissions.

 “With the addition of these two new lines, we have invested nearly $550 million to expand Novelis' global automotive capacity in the last two years alone,” said Phil Martens, Novelis President and Chief Executive Officer. “This commitment -- backed by our history of automotive technology innovation, volume production experience and unmatched global footprint -- strengthens our recognized leadership position as the partner of choice for world-class automotive manufacturers.”

In addition, a new plant is under construction in Changzhou, China, which is expected to commence production in mid-2014.  The company also recently certified automotive production at its Gottingen, Germany, plant that complements the company's existing automotive facilities in Kingston, Ontario, Canada; Sierre, Switzerland and Nachterstedt, Germany. 



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