ATLANTA, Nov. 26, 2012 /PRNewswire/ -- Novelis, the
world leader in aluminum rolling and recycling, today broke ground
on a $250 million aluminum recycling
and casting center at its plant in Nachterstedt, Germany.
Constructed adjacent to the company's existing aluminum rolling
mill, the new center will enable the company to produce 400,000
metric tons of aluminum sheet ingot from recycled material
annually, and is projected to be the world's largest aluminum
recycling center.
"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, "while also
signifying our long term commitment to the European market. The
advanced sorting, processing and casting capabilities of the new
Nachterstedt operation will propel us closer to our goal of 80
percent recycled content by 2020."
By increasing the recycled metal input of Novelis aluminum, the
company saves valuable natural resources while enabling its
customers to create products with a higher recycled content and
smaller environmental footprint. Using recycled aluminum as input
material requires only 5 percent of the energy used to make primary
aluminum from raw materials, thus avoiding 95 percent of the
greenhouse gases associated with production.
The new center will help support the company's drive to increase
end-of-life recycling in Europe,
where Novelis is already the leading recycler of aluminum beverage
cans. The center will process used beverage cans as well as
numerous other forms of aluminum scrap from across continental
Europe. The company expects the
center to create 200 new jobs when it is commissioned in
mid-2014.
Tadeu Nardocci, Senior Vice
President of Novelis and President of Novelis Europe, was joined at
the ground breaking ceremony by Dr. Reiner
Haseloff, First Minister of the state of Saxony-Anhalt and
Prof. Dr. Birgitta Wolff, Minister
of Science and Economy for the state of Saxony-Anhalt.
"US-based companies contribute significantly to the economic
development of our state, as they have created and maintained
12,000 jobs in our region," said Dr. Haseloff. "I am delighted that
Novelis, as an important investor, is reinforcing its commitment to
Nachterstedt significantly with this new investment. This will
further improve the local employment market."
The Nachterstedt expansion is the latest in a series of
recycling and casting expansion projects launched by Novelis over
the past two years totaling nearly $450
million, including the commissioning last month of the
company's new integrated recycling and casting center in Yeongju,
Korea. These projects, and others underway across the world, are
designed to increase Novelis' recycling and casting capacity to 2.1
million tons by 2015.
About Novelis
Novelis Inc. is the global leader in aluminum rolling and
recycling. For fiscal year 2012, the company operated in 11
countries, had more than 11,000 employees and reported revenue of
$11.1 billion. Novelis supplies
premium aluminum sheet and foil products to automotive,
transportation, packaging, construction, industrial, electronics
and printing markets throughout North
America, Europe,
Asia and South
America. Novelis is a subsidiary of Hindalco Industries
Limited (BSE: HINDALCO), one of Asia's largest integrated producers of
aluminum and a leading copper producer. Hindalco is a
flagship company of the Aditya Birla Group, a multinational
conglomerate based in Mumbai,
India. For more information, visit www.novelis.com and
follow us on Twitter at twitter.com/Novelis.
Forward-Looking Statements
Statements made in this
news release which describe Novelis' intentions, expectations or
predictions may be forward-looking statements within the meaning of
securities laws. Examples of forward-looking statements in this
news release include the anticipated commissioning date of the new
facility and its projected projection capacity. Novelis cautions
that, by their nature, forward-looking statements involve risk and
uncertainty. We do not intend, and we disclaim any obligation, to
update any forward-looking statements, whether as a result of new
information, future events or otherwise. Important risk factors
which could impact outcomes are included under the caption "Risk
Factors" in our Annual Report on Form 10-K for the year ended
March 31, 2012, and our Quarterly
Report on Form 10-Q for the quarter ended September 30, 2012.
SOURCE Novelis Inc.