Novelis will invest around $50 million for erecting a coating line for beverage can end stock at Pindamonhangaba facilities in Brazil.
Phil Martens, Novelis’ CEO and President, stated that this extension is in the latest stage in the current campaign for widening the leadership position in order to supply high-quality beverage can sheet to South America and Brazil. Novelis has become the main supplier of can end stock and can body stock in South America and has predicted the requirement for aluminum beverage cans to increase by 7% annually in the area until 2020.
Marco Palmieri, Novelis South America’s Senior Vice President, stated that this investment will help support providing its range of can sheets to the company’s clients in the region and will facilitate being in line with the increasing demand of its products. This new line will help the company to raise the potential to meet the requirement of the clients.
The fresh coating line is completely incorporated with in-line trimming and leveling by means of the recent technology. The company is expecting to make the product available in late 2013. This coating line will have the potential to process aluminum sheet of 100,000 Mt annually.
The Pindamonhangaba unit is a built-in aluminum recycling and rolling facility in Sao Paulo. Currently, the plant lies between a $32 million extension of its aluminum recycling facility and a $300 million extension of the rolling mill.