Home

Metal News

Aluminium

Novelis to Invest $300 Million to Expand Brazil Aluminum Operations

China Ministry: No Land For Polluting, Overproducing Industries

May 27, 2010 -- Novelis Inc. (NVL) said Thursday that it will invest around $300 million to expand its aluminum-rolling operations in Pindamonhangaba, Brazil, in response to the growing demand for its products in South America.
The company will expand its Brazilian plant's capacity by more than 50% to over 600,000 metric tons of aluminum sheet a year, it said in a statement.
Novelis, a unit of India's Hindalco Industries Ltd. (500440.BY), will add a cold-rolling mill to two existing ones as well as a new ingot casting center, and a new pusher furnace for its hot-rolling mill, with the expanded facilities expected to go onstream in late 2012, it said.
&quot;We are experiencing strong demand for our products in South America, particularly for beverage can sheet,&quot; President and Chief Operating Officer Phil Martens said.
&nbsp;
&nbsp;

China Tax Administration to Tighten Collection of Land Tax

Novelis to Invest $300 Million to Expand Brazil Aluminum Operations_SMM | Shanghai Nonferrous Metals

CHINA METALS BRIEFING: POST-HOLIDAY UPDATE

SMM Morning Comments (Oct 9): Shanghai base metals were mostly higher as they return to trade 

IMPACT ON 2020-21 WINTER PRODUCTION CUTS

SMM Morning Comments (Oct 12): Shanghai base metals rose broadly, the LME complex fell for the most part

Exclusive: China's base metals output in September