# 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.

- Type: Expansion
- Announced: 2021-10-28
- Where: Zhenjiang, Jiangsu, China
- Value: $375.0M
- Starts operating: Jul 2024
- Status: announced
- Products: aluminum rolled products, automotive aluminum sheet
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Novelis](https://endata.com/companies/2475.md)

## Sources

- [investors.novelis.com](https://investors.novelis.com/news-events/press-releases/detail/68/novelis-announces-375-million-expansion-of-automotive-sheet-production-and-recycling-operations-in-china), 2021-10-28: "With this investment, we will further solidify our standing as the leading provider of automotive aluminum sheet in Asia."
- [prnewswire.com](https://www.prnewswire.com/news-releases/novelis-announces-375-million-expansion-of-automotive-sheet-production-and-recycling-operations-in-china-301411605.html), 2021-10-29: "With this investment, we will further solidify our standing as the leading provider of automotive aluminum sheet in Asia."
- [agmetalminer.com](https://agmetalminer.com/2021/10/29/this-morning-in-metals-novelis-announces-375m-expansion-of-automotive-sheet-operations-in-china/), 2021-10-29: "Novelis on Thursday announced investment of $375 million to expand its automotive sheet production and recycling operations in China."
- [investors.novelis.com](https://investors.novelis.com/news-events/press-releases/detail/1322/3-75), 2021-11-02: "诺贝丽斯与江苏省镇江市于10月28日签署协议，投资3.75亿美元用于其镇江工厂铝压延及回收产能的扩建"

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