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Novelis closes primary aluminium smelter in Brazil

Issued at 2014-10-29



Novelis announced that consistent with its corporate strategy it will focus its operations in Brazil on its core business of aluminum rolling and recycling. As a result, it will cease operations at its Ouro Preto, Minas Gerais, primary aluminum smelter at the end of 2014.

The plant currently produces 18,000 metric tons of aluminum per year in the form of billets for sale to third-party extruders.

Brazil remains a key strategic market for Novelis. Last year, the company completed a $340 million expansion of its rolling operations in Brazil, which increased its aluminum sheet production capacity to 600,000 metric tons per year. In addition, Novelis recently concluded a $106 million expansion of its recycling center and installed a new can coating line; both projects begin commercial operations this month.


Source: Aluplanet



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