Wednesday , December 1 2021

Hindalco Industries’ arm invests $175 million in Pindamonhangaba plant

Hindalco Industries’ wholly owned subsidiary — Novelis Inc. — has made an investment of $175 million in its Pindamonhangaba plant, located in the Paraiba Valley between Sao Paulo and Rio de Janeiro. The expansion of the company’s flagship facility in South America will benefit the organization’s beverage can and specialty customers by bolstering capacity with 100 kilotonnes of additional rolling production and 60 kilotonnes of increased recycling.

These expansions will bring total capacity of the Pindamonhangaba facility to around 680 kilotonnes per year of aluminum sheet and 450 kilotonnes annually of recycled metal. The investment also includes a new water sourcing system and the purchase of around 90 acres of land for potential future growth.

Hindalco Industries is an industry leader in aluminium and copper. The company’s aluminium units across the country encompass the entire gamut of operations from bauxite mining, alumina refining, aluminium smelting to downstream rolling, extrusions, foils and alloy wheels, along with captive power plants and coal mines.

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