# 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.

- Type: Investment
- Announced: 2023-06-30
- Where: Zamora and León, Spain
- Value: $130.8M (120.0M EUR)
- Jobs: 800
- Status: announced
- Capacity: 30,000 tonnes of rolled aluminium per year
- Products: recycled aluminium alloys, rolled aluminium
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Iberdrola](https://endata.com/companies/3003.md) (investor)
- [Latemaluminium](https://endata.com/companies/48933.md) (partner)

## Sources

- [iberdrola.com](https://www.iberdrola.com/press-room/news/detail/iberdrola-invests-in-latemaluminium-to-boost-green-industry), 2023-06-30: "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."

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