Friday, October 19, 2012

Resource Recycling Magazine: Novelis to boost recycling capacity

## Novelis to boost recycling capacity

_By Editorial Staff, Resource Recycling_

Aluminum giant Novelis Inc. will seek to triple its recycling capacity by 2020 to keep pace with rising demand for recycled aluminum.

In an [interview](http://www.bloomberg.com/news/2012-10-10/novelis-to-more-than-triple-aluminum-recycling-capacity-by-2020.html) with _Bloomberg Businessweek_, Derek Prichett, the company's vice president for global recycling, said that capacity could expand to 2.1 million metric tons by 2015 and to 4 million tons by 2020 from its current 1.2 million tons.

According to the article, Novelis' parent company, India-based Hindalco Industries Ltd., intends to make 50 percent of its products from recycled metal by 2015 and as much as 80 percent by 2020. Currently its products include 39 percent recycled content.

Novelis will build plants in Germany and South Korea while doubling capacity in Brazil, according to the article. Prichett also told the magazine that aluminum demand for auto applications may grow at an average rate of 25 percent globally over the next five years.

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URL: http://resource-recycling.com/node/3180

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