# Metal Exchange Corporation and Novellini form secondary aluminum billet joint venture

Metal Exchange Corporation (MEC) and Novellini Industries Srl formed a joint venture, novALmec, to supply secondary aluminum billets to the European market. The venture will expand Novellini's existing foundry in Mantova, Italy from 22,000 to 33,000 tonnes, with added production scheduled for early 2020.

- Type: Partnership
- Announced: 2019-07-09
- Where: Mantova, Italy
- Status: announced
- Capacity: 33,000 tonnes per year
- Products: secondary aluminum billets
- 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

- [lightmetalage.com](https://www.lightmetalage.com/news/industry-news/casthouse/metal-exchange-corporation-and-novellini-form-secondary-aluminum-billet-joint-venture/), 2019-07-09: "With this being our first investment in an overseas manufacturing facility, the selection of our partner was crucial."

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