Novelis invests in expansion of rolling and recycling aluminum capacity in China
Views : 260
Update time : 2021-11-01 21:25:48
Novelis Inc., a Georgia-based industrial aluminum company, signed an agreement to invest US$375 million in an expansion of rolling and recycling capabilities at its plant in Zhenjiang, China.
The expansion included the upgrade in the existing hot mill, a new cold mill, and a new recycling and casting center, which will help Novelis build closed-loop recycling partnerships with Asian automobile customers.
The project was expected to break ground early next year and be completed in mid-2024.
Entering the Chinese New Year holiday, market trading is sluggish
Trade & Pricing: Europe's billet market trend 2024-2025
