Novelis to invest $300M in automotive aluminum and recycling expansion in Zhenjiang, China

Novelis signed an MOU to invest approximately $300 million to expand automotive aluminum capabilities and establish the first automotive closed-loop recycling system at its Zhenjiang plant in Jiangsu, China. The project includes expanding the hot mill, adding a cold mill, and is expected to break ground in mid-2021.

“Novelis signed a memorandum of understanding (MOU) on February 4th with the Zhenjiang Jingkou Industrial Zone, in Zhenjiang City, Jiangsu Province, to invest approximately $300 million USD to expand its automotive aluminum capabilities and recycling operations at its Zhenjiang plant.”investors.novelis.com

• 2 sources
• investors.novelis.comNovelis Expands Automotive Aluminum Capabilities and Recycling Operations with Approximately $300 Million Investment in China :: Novelis Inc.Feb 10, 2021
• investors.novelis.comNovelis Commits to Driving Sustainability Goals with Leading Innovative Solutions at the Auto Show Shanghai 2021 :: Novelis Inc.Apr 23, 2021

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