# Speira invests NOK 414 million in new aluminium recycling furnace

Speira is investing NOK 414 million in a new furnace at its Holmestrand foundry in Norway, which will increase scrap processing capacity by 22,000 tonnes per year. The project is expected to be completed by summer 2026.

- Type: Investment
- Announced: 2024-07-03
- Where: Holmestrand, Vestfold, Norway
- Value: $39.0M (414.0M NOK)
- Starts operating: Q3 2026
- Status: announced
- Capacity: 22,000 tonnes of scrap per year
- Products: aluminium recycling, rolled aluminium products
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Speira Holdings](https://endata.com/companies/55518.md)

## Sources

- [innovationnewsnetwork.com](https://www.innovationnewsnetwork.com/speira-announces-record-investment-in-aluminium-recycling-furnace/48929/), 2024-07-03: "The company has announced one of the largest industrial investments in the Vestfold province of Norway, financing over NOK 400 million in a new furnace."

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