Birla's Hindalco Industries plans $2.5 billion US aluminium recycling mill

The new facility will increase Novelis's, unit of Hindalco, recycling capacity to 90 billion cans globally, from 74 billion currently

Novelis Inc. plans to build a $2.5 billion low-carbon aluminium recycling and rolling plant in the US to cater to the growing demand for beverage can sheets and the automotive market.

The facility, which will be built in in Alabama, will have a capacity of 600,000 tons of finished goods a year initially, the unit of Hindalco Industries Ltd. said in a statement. Work at the site is under way and the company expects to begin operations by the middle of 2025, it said.

More than half the capacity will be used to meet the rising demand for aluminium beverage can sheets