Canada's Novelis Corporation announced plans to invest $ 300 million in the rolling mill located in Pindamonhangaba (Brazil). These capital investments, Novelis said in a statement, are a response to the growing consumption of aluminum rolled products in South America.
The investment will increase the plant's capacity by more than 50% and bring it up to 600 ths. Tons of steel a year. The project includes the installation of the third in a row of the rolling mill, a new furnace for casting ingots and other equipment, which should earn at the end of 2012
«We are experiencing strong demand for our products in South America — said Phil Martens, president of Novelis. — Changes in consumer demand caused an increase in consumption of beverage cans. Many of our South American customers expand their investments in plants and canned so we decided to increase the capacity of the plant in Pindamonhangaba. «
In 2009, sales of aluminum beverage cans in Brazil amounted to 14.8 billion units, up 11.7% more than in 2008