CHICAGO Novelis Inc. has installed the roof on its new $250-million aluminum recycling and casting plant in Nachterstedt, Germany.
The Atlanta-based aluminum company said interior work can now begin on the facility, with equipment installation expected in the fall. The operation should be completed by July 2014, Novelis Europe president Erwin Mayr said in a statement.
Novelis broke ground in November on the Nachterstedt plant, which the company predicted would be the worlds largest aluminum recycling center (amm.com, Nov. 27). The investment illustrates the companys "long-term commitment to the European market," Mayr said.
Novelis said it has invested $450 million in recycling and casting expansion projects over the past two years, including the commissioning of its recycling and casting center in Yeongju, South Korea (amm.com, Oct. 24).
The new projects will boost the companys recycling and casting capacity to 2.1 million tons per year by 2015, said Novelis, which aims to increase the recycled content in its products to 80 percent by 2020.