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Aditya Birla group outfit Novelis Inc has announced that it will set up a continuous casting line at its unit at Pieve Emanuele in Italy for $15.8 million.
According a Novelis release, the new line, fifth at the unit, will recycle painted scrap aluminium into the metal needed to produce rolled aluminium sheet. This is the largest single investment in Atlanta-headquartered company's Italian facilities in 12 years.
The painted scrap generated during the production processes in Novelis' Italian operations and other low-grade used aluminium from external sources will be recycled and rolled. Building of the proposed line will be completed by the end of 2012.
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