Novelis, the leading sustainable aluminum solutions provider and world leader in aluminum rolling and recycling has announced it will invest $2.5 billion to build a new low-carbon recycling and rolling plant in Bay Minette, Alabama, USA. The highly advanced facility will have an initial 600 kilotons of finished aluminum goods capacity per year.
"This investment marks the start of another transformational growth phase for Novelis," said Kumar Mangalam Birla, Chairman of the Aditya Birla Group and the Novelis Board of Directors. "This is also the largest global Greenfield expansion project of the Aditya Birla Group and will take the Group's total investment in the US across businesses to over $14bn." he added.
More than half of the capacity of the new facility will be used to serve the growing demand for aluminum beverage can sheets in North America, which is driven by consumer preference for more sustainable packaging.