Novelis to invest $2.5 bn in US in Birla Group's biggest greenfield project

The plan is to build a new highly advanced low-carbon recycling and rolling plant in Bay Minette, Alabama, with initial 600 kilotonnes of finished aluminum goods capacity a year

Novelis, the wholly owned US unit of Aditya Birla Group company Hindalco Industries, said on Wednesday that it would invest $2.5 billion (over Rs 19,000 crore) to build a new recycling and rolling plant in Bay Minette, Alabama, making it the biggest greenfield project overseas by an Indian-owned company.

More than half of the capacity of the new facility, the first fully integrated aluminum mill to be built in the US in 40 years, will be used to serve the growing demand for aluminum beverage can sheets in North America, which is driven by consumer preference for more sustainable packaging, the