Novelis Invests $15.8 Million to Expand Aluminum Recycling in Italy

Novelis Inc. reports the investment of $15.8 million in the construction of a new casting line at its production facility in Pieve Emanuele, Italy.

The press release is quoted as saying:

Novelis Inc. is the global leader in aluminum rolled products and aluminum can recycling. The Company operates in 11 countries, has nearly 11,000 employees and reported revenue of $10.6 billion in fiscal year 2011. Novelis supplies premium aluminum sheet and foil products to automotive, transportation, packaging, construction, industrial, electronics and printing markets throughout North America, Europe, Asia, and South America