Novelis Inc., a Georgia-based industrial aluminum company, announced that it will invest US$2.5 billion to build a new low-carbon recycling and rolling plant in Bay Minette, Alabama, the US. The initial annual capacity of finished aluminum products was 600,000 tons. The plant was expected to start operations in mid-2025.
More than 50% of the new plant's capacity will be used to meet the growing demand for aluminum beverage can sheets in North America. The market is becoming more and more big driven by consumers’ preference for more sustainable packaging.
In addition to the beverage can market, this new plant will also serve the automotive market.
Novelis to invest $2.5 billion in new aluminum recycling & rolling plant
16 May 2022 15:36 reported by Joy Liu
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