Novelis to invest $375M in Zhenjiang aluminum rolling and recycling expansion

Novelis signed an agreement with Zhenjiang, Jiangsu province, to invest $375 million to expand its Zhenjiang plant's aluminum rolling and recycling capacity, including China's first closed-loop automotive aluminum recycling system. Construction is expected to begin in early 2022 and be completed in 2024.

“With this investment, we will further solidify our standing as the leading provider of automotive aluminum sheet in Asia.”investors.novelis.com

• 4 sources
• investors.novelis.comNovelis Announces $375 Million Expansion of Automotive Sheet Production and Recycling Operations in China :: Novelis Inc.Oct 28, 2021
• prnewswire.comNovelis Announces $375 Million Expansion of Automotive Sheet Production and Recycling Operations in ChinaNovelis Inc.Oct 29, 2021
• agmetalminer.comThis Morning in Metals: Novelis announces $375M expansion of automotive sheet operations in China - MetalMinerFouad EgbariaOct 29, 2021
• investors.novelis.com诺贝丽斯3.75亿美元投资镇江，增强在华汽车铝板产能 :: Novelis Inc.Nov 2, 2021

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