# Metal Exchange Corp. and Novellini Industries form joint venture novALmec

Metal Exchange Corp. and Novellini Industries formed a joint venture called novALmec to supply aluminum billet to the European market. The venture is expanding Novellini's casting facility to 36,000 tons, with added production starting in early 2020.

- Type: Partnership
- Announced: 2019-04-18
- Where: Mantova, Italy, Italy
- Status: announced
- Capacity: 36,000 tons
- Products: aluminum billet
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

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

## Sources

- [thefabricator.com](https://www.thefabricator.com/thefabricator/news/metalsmaterials/metal-exchange-corp-creates-new-joint-venture-company), 2019-04-18: "Metal Exchange Corp. has announced a new joint venture with Novellini Industries, located in Mantova, Italy."
- [fabricatingandmetalworking.com](https://fabricatingandmetalworking.com/metal-exchange-forms-new-joint-venture/), 2019-04-18: "Metal Exchange Corporation (MEC; St. Louis, MO) announced a newly formed joint venture with Novellini Industries Srl (Mantova, Italy)."

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