## Novelis to build large UBC recycling plant in South Korea
_By Editorial Staff, Resource Recycling_
Aluminum colossus Novelis will open an aluminum can recycling and casting center at its Yeongju, South Korea facility as part of the company's plan to significantly increase its recycling capacity.
The new recycling center is part of Novelis' broader $400 million multi-year expansion of its operations in Korea, which the company says is a fast-growing market for rolled aluminum used to create beverage cans, cars and consumer electronics. Novelis anticipates the new center to be "the largest aluminum can recycling operation in Asia" and will have an annual capacity of 265,000 tons. The new facility will also increase Novelis' total consumption of recycled aluminum to over 1.4 million tons annually.
The new investment is part of Novelis' commitment to increase the recycled content of its rolled aluminum products to 80 percent by 2020. The new project in Korea is the first major step in the company's more short-term goal to increase its annual recycling capacity to 2.1 million tons by 2015.
Novelis expects to be a major buyer of aluminum scrap throughout Asia due to this investment. Used aluminum beverage cans and other aluminum scrap will be processed by the new facility for re-melting and casting into sheet ingot that will be rolled at the company's Yeongju and Ulsan plants. When running at full capacity, the new operation will add approximately 80 new positions to Novelis' 1,200 employee workforce in Korea.
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URL: http://resource-recycling.com/node/3198
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