Global aluminium sheet manufacturer and recycler Novelis is to invest $205 million (£125 million) in new automotive aluminium capacity in Germany and US.
As a result of this, it will also increase its recycling capacity to ensure any material not used in manufacturing by automotive customers is returned to Novelis to be recycled.
At both its Oswego, New York and Nacherstedt, Germany facilities, it will increase the capacity of the aluminium lines to a total of 120,000 tonnes.
Novelis president and chief executive Phil Martens said: “With the addition of these two new lines, we have invested nearly $550 million to expand Novelis’ global automotive capacity in the last two years alone.
“This commitment, backed by our history of automotive technology innovation, volume production experience and unmatched global footprint, strengthens our recognised leadership position as the partner of choice for the world-class automotive manufacturers.”
In New York, Novelis will invest approximately $120 million to install a third automotive sheet finishing line and will expand its recycling operations for automotive scrap. As a result, its automotive sheet capacity will be 400,000 tonnes.
While in Germany, it will spend $85 million to install one new aluminium automotive sheet finishing line that will take its European automotive aluminium capacity to almost 350,000 tonnes. According to Novelis, this expansion will also enhance the automotive closed-loop model between its recycling operations in Latchford, near Warrington, and what will be the world’s largest aluminium recycling centre due to be commissioned next year also at Nacherstedt, Germany.