Novelis opens Asia’s largest can recycling operation
Novelis, an aluminum recycling and rolling company, is opening an aluminum recycling and casting center at its Yeongju, South Korea facility. The new operation is the largest aluminum beverage can recycling center in Asia.
The Yeongju recycling center is part of a multi-year, $400 million expansion of Novelis’ operations in Korea. Asia is the world’s fastest growing market for rolled aluminum used to create beverage cans, cars and consumer electronics.
As a key component of the company’s sustainable business model, Novelis has committed to greatly increasing the recycled content of its rolled aluminum products to 80 percent by 2020. This project represents the first major step in the company’s plan to increase its recycling capacity to 2.1 million tons by 2015. The new facility will have an annual capacity of 265,000 tons, and will increase the company’s total consumption of recycled aluminum to over 1.4 million tons per year. Other significant recycling expansions are already underway in Brazil and Germany, along with additional investments worldwide.
Shashi Maudgal, president of Novelis Asia, said, “With our aggressive expansion plans, we are well positioned to meet the rising demand for rolled aluminum.”
Novelis expects to be a major buyer of aluminum scrap throughout Asia due to this investment. Used aluminum beverage cans and other aluminum scrap will be processed by the new facility for re-melting and casting into sheet ingot that will be rolled at the company’s Yeongju and Ulsan plants. When running at full capacity, the new operation will add nearly 80 new positions to Novelis’ 1,200 employee workforce in Korea.