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Iberdrola invests €120 million in LatemAluminium aluminium recycling project · Endata

◂ Announcements

Jun 30, 2023INVESTMENTZamora and León, Spain

Iberdrola invests €120 million in LatemAluminium aluminium recycling project

Iberdrola acquired a 20% stake in LatemAluminium and will invest €120 million by 2024 in a large-scale aluminium recycling project in Zamora and León, Spain, expected to create 800 jobs by 2026.

Value

$130.8M (120.0M EUR)

Jobs

800

Status

Announced

Capacity

30,000 tonnes of rolled aluminium per year

Productsrecycled aluminium alloysrolled aluminium

CompaniesIberdrola investor Latemaluminium partner

Sectors#Steel and Metal Products

“Iberdrola and LatemAluminium announced that the energy company has become one of the main shareholders of the company, a national and international benchmark in the supply of recycled aluminium alloys.”iberdrola.com

1 source
iberdrola.comIberdrola invests in LatemAluminium to boost green industry - IberdrolaIBERDROLA CORPORATIVEJun 30, 2023

Summarized from public sources; check the original articles before acting on it.

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