Novelis, the global leader in aluminum rolling and recycling, has officially opened the world's largest aluminum recycling center. Located adjacent to the company's rolling mill in Nachterstedt, Germany, the $258 million (EUR200 million) recycling center will process up to 400,000 metric tons of aluminum scrap annually, turning it back into high-value aluminum ingots to feed the company's European manufacturing network.
"The Nachterstedt Recycling Center is a significant step toward our goal to be the world's low-carbon aluminum sheet producer, shifting our business model from a traditional linear approach to an increasingly closed-loop model," said Phil Martens, President and Chief Executive Officer of Novelis. "This new facility further strengthens Novelis' leadership in Europe, and together with our major recycling operations in Asia, North America and South America, solidifies Novelis' position as the global aluminum recycling leader."
Since 2011, Novelis has invested approximately $500 million to expand its recycling network, doubling its recycling capacity to 2.1 million metric tons per year and raising its recycled content from 30 percent to 46 percent. The company's goal is to achieve 80 percent recycled content by 2020. Recycling aluminum saves 95 percent of the energy and emissions associated with the production of primary metal.