# Metal Exchange Corporation and Novellini Industries form novALmec joint venture

Metal Exchange Corporation and Novellini Industries formed a joint venture, novALmec, to expand the existing billet casting plant in Romanore, Italy, from 22,000 to over 33,000 tons per year of secondary aluminium billets.

- Type: Acquisition
- Announced: 2019-03-01
- Where: Romanore, Mantua, Italy
- Status: announced
- Capacity: 33,000 tons per year
- Products: secondary aluminium 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

- [publiteconline.it](https://www.publiteconline.it/ael/novalmec-is-the-jv-between-metal-exchange-corporation-and-novellini-industries-for-the-supply-of-secondary-aluminium-billets-in-europe/), 2020-06-04: "The new company novALmec will expand the existing billet casting plant up to a production capacity of more than 33,000 tons."

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