Hindalco Invests $175 Million To Expand Aluminum Production & Recycling Capabilities In Brazil
Novelis Inc. is a subsidiary of Hindalco Industries Limited, the world leader in aluminium rolling and recycling, announced an investment of $175 million at its Pindamonhangaba plant, located in the Paraiba Valley between Sao Paulo and Rio de Janeiro. The expansion of the company's flagship facility in South America will benefit the organization's beverage can and speciality customers by bolstering capacity with 100 kilotonnes of additional rolling production and 60 kilotonnes of increased recycling. These expansions will bring the total capacity of the Pindamonhangaba facility to approximately 680 kilotonnes per year of aluminium sheet and 450 kilotonnes annually of recycled metal.
The investment also includes a new water sourcing system and the purchase of approximately 90 acres of land for potential future growth.
Construction on these expansions to the Pindamonhangaba plant will officially begin in February 2019 and are expected to be complete in 2021. The project includes an increase in sheet ingot, hot mill and recycling production and complementary improvements. The project should create more than 50 new jobs.
"Sustainability is the backbone of our business model and this expansion project is fully aligned with this vision," said Tadeu Nardocci, Senior Vice President of Novelis Inc. and President of Novelis South America. "Pindamonhangaba plant is already the largest centre of rolled products and aluminium recycling in South America. With this expansion, Novelis solidifies its leadership position and creates new opportunities to offer innovative solutions to its customers."
Novelis will have the support of Invest SP, a Sao Paulo Agency for the Promotion of Investments and Competitiveness.