LONDON Novelis Inc. has broken ground on what it is predicting will be the worlds largest aluminum recycling center in Nachterstedt, Germany.
"Constructed adjacent to the companys existing aluminum rolling mill, the new center will enable the company to produce 400,000 tonnes of aluminum sheet ingot from recycled material annually," Novelis said.
The new center will form part of Novelis plan to increase its recycling capacity to 2.1 million tonnes per year by 2015 from 1.2 million tonnes, along with similar investments in South Korea and Brazil at a total cost of about $450 million.
The Atlanta-based company reached a 42-percent recycled content level in its products, up from 39 percent in May, as it attempts to reach an interim target of 50 percent by 2015 ahead of its long-term target of 80-percent recycled content by 2020, a Novelis source said in September at AMM sister publication Metal Bulletins 27th International Aluminium Conference in Moscow.
"This investment represents another step in delivering on our commitment to dramatically increase the recycled content of the rolled aluminum sheet we provide to our world-class global customers, while also signifying our long-term commitment to the European market," Novelis president and chief executive officer Philip Martens said in a statement.
The new center will process used beverage cans and other forms of aluminum scrap from across continental Europe, and will create 200 new jobs when it is commissioned in mid-2014.
"The advanced sorting, processing and casting capabilities of the new Nachterstedt operation will propel us closer to our goal of 80-percent recycled content by 2020," Martens said.
A version of this article was first published by AMM sister publication Metal Bulletin.