# Metal Exchange Corp. and Novellini form joint venture novALmec

Metal Exchange Corp. and Novellini Industries formed a joint venture, novALmec, to supply aluminum billet to the European market. The existing casting facility is being expanded to produce 33,000 metric tons per year, with added production scheduled for early 2020.

- Type: Partnership
- Announced: 2019-04-01
- Where: Mantova, Italy
- Status: announced
- Capacity: 33,000 metric tons per year
- Products: secondary aluminum billets
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [novALmec](https://endata.com/companies/38372.md)
- [Metal Exchange Corp.](https://endata.com/companies/38370.md) (partner)
- [Novellini Industries](https://endata.com/companies/38371.md) (partner)

## Sources

- [cra-recycle.org](https://www.cra-recycle.org/2019/04/metal-exchange-corp-novellini-form-joint-venture/), 2019-04-01: "The combined capability that the partners bring to novALmec along with the expanded capacity provides a strong supply offering to serve our current and potential customers."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.