The company invests more than $30 million in Ohle, Germanyfacility to meet growing global demand from the food and packaging industry
ZURICH, April 21, 2022 /PRNewswire/ — Novelis, the world leader in aluminum rolling and recycling, today announced that it is investing more than $30 million build a new continuous annealing line at its Plettenberg-Ohle, Germany, facility. The additional line will double the plant’s capacity for aluminum used in the production of coffee capsules, a market that is growing in response to growing demand for sustainable packaging solutions.
Many coffee brands choose aluminum over plastic to produce long-lasting, fresh-tasting coffee capsules. Aluminum offers unique barrier properties and protects the freshness and flavor of capsule coffee from moisture, light and air better than other materials. In addition, aluminum is a perfect material for circular economy and resource efficiency because it can be recycled again and again, without losing its properties.
Today, the base material for most aluminum coffee capsules in the world comes from the Ohle factory in Novelis. This investment will further strengthen the company’s leadership in high recycled content packaging. The start of operations is expected in the spring of 2024, construction preparations will begin upon receipt of final government approval.
“This investment demonstrates our commitment to serve as a trusted partner for our food and packaging industry customers and to create more sustainable solutions for consumers,” said Emilio Braghi, Executive Vice President and President of Novelis. Europe. “Increasing the use of recycled aluminum helps us reduce the use of natural resources, strengthen the circular economy and thereby limit climate change. Our sustainability commitments include a 30% reduction carbon footprint by 2026 and achieving carbon neutrality by 2050 or earlier, helping our customers also achieve their sustainability goals.”
Working with partners across the value chain, Novelis develops innovative low-carbon aluminum solutions and creates recycling loops for production and end-of-life waste. This enables the company to produce innovative alloys, such as those used in the production of coffee capsules made with over 80% recycled aluminum – confirmed by an independent international certification body.
In Nachterstedt, Germany, Novelis operates the largest and most technologically advanced aluminum recycling center in the world, with an annual capacity of 400,000 tonnes. The starting material for the coffee capsules is cast in Nachterstedt from scrap aluminum and then processed in Ohle to meet the most demanding product specifications of capsule producers.
Novelis Inc. is driven by its goal of shaping a sustainable world together. We are a global leader in the production of innovative aluminum products and solutions and the world’s largest aluminum recycler. Our ambition is to be the leading provider of sustainable, low-carbon aluminum solutions and to achieve a fully circular economy by partnering with our suppliers, as well as our customers in the aerospace, automobile, beverage cans and specialties. North America, Europe, Asia and South America. Novelis achieved net sales of $12.3 billion in financial year 2021. Novelis is a subsidiary of Hindalco Industries Limited, a leader in the aluminum and copper industry, and the flagship metals company of the Aditya Birla Group, a multinational conglomerate based in Bombay. For more information, visit novelis.com.
Statements made in this press release that describe Novelis’ intentions, expectations or forecasts may be forward-looking statements within the meaning of securities laws. Examples of forward-looking statements contained in this press release include plans to invest approximately $30 million and to build a new continuous annealing line at Germany. Novelis cautions that, by their nature, forward-looking statements involve risks and uncertainties. We do not intend, and disclaim any obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise. Material risk factors that could impact results are included under “Risk Factors” in the company’s Form 10-K filed with the Securities and Exchange Commission for the fiscal year ended March 31, 2021.