Novelis: Brazil investment

Novelis Inc. has announced an investment of $175 million at its Pindamonhangaba plant, located in the Paraíba Valley between São Paulo and Rio de Janeiro. The expansion of the company's flagship facility in South America will benefit the organisation's beverage can and specialty customers by bolstering capacity with 100 kilotonnes of additional rolling production and 60 kilotonnes of increased recycling. These expansions will bring 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…