Novelis Invests 1.4 Million Pounds Sterling At UK Plant To Increase Recycling Of Aluminum Beverage Cans
ATLANTA, Oct. 10 /PRNewswire-FirstCall/ -- Novelis Inc. (NYSE: NVL; Toronto) announced today that it has completed a 1.4 million pounds Sterling ($2.5 million) infrastructure investment at its Warrington recycling plant in the United Kingdom. The investment enables a 25 percent increase in the plant's capacity to recycle used beverage cans (UBCs), an important source of metal for Novelis.
In the first nine months of 2005, the facility at Latchford Locks recycled six billion UBCs, establishing a new plant record. Globally, Novelis recycled more than 30 billion cans in 2004, making the company the world's largest UBC recycler.
"This investment is in addition to the continuous process improvements that have progressively increased the Warrington plant's recycling capacity," said Nick Madden, president of Novelis' European Can, Litho and Recycling business unit. "It demonstrates our commitment to recycling and reconfirms our ability to meet the can reprocessing requirements across Europe."
The aluminum can is the most valuable beverage container in the recycling stream, providing both economic and environmental benefits. Aluminum cans are infinitely recyclable, and can go from the consumer, through the recycling process and back on the store shelf as a new can in as little as 60 days. Not only does UBC recycling reduce landfill waste, it also saves 95% of the energy that would otherwise be required to make new aluminum.
Novelis, which was spun-off by Alcan on January 6, 2005, is the global leader in aluminum rolled products and aluminum can recycling. The company has 36 operating facilities in 11 countries and more than 13,000 dedicated employees. Novelis has the unparalleled capability to provide its customers with a regional supply of high-end rolled aluminum products throughout Asia, Europe, North America, and South America. Through its advanced production capabilities, the company supplies aluminum sheet and foil to the automotive and transportation, beverage and food packaging, construction and industrial, and printing markets. For more information on the company, visit www.novelis.com.
SOURCE Novelis Inc.
CONTACT: Charles Belbin, +1-404-814-4260,
or charles.belbin@novelis.com,
or Joan Chesney, +44 (0)1789 414 737,
or joan.chesney@novelis.com,
both of Novelis Inc.
Released October 10, 2005