A $400 000 expansion program of two years was completed by Novelis in South Korea. The huge program included the largest recycling centre for aluminium beverage cans.
Yeongu and Ulsan’s expansion is made up of cold rolling mill, a hot rolling finishing mill, pusher furnace, high-speed slitter and annealing furnaces. According to some research, the 50% increased production capacity in South Korea is contributed by those expansion fields.
Lighter and more fuel efficient vehicles are adopted by a raising number of mills. As a result, the demand for aluminium is expected to exceed the 25% compound annual growth rate which is projected for the next five years, according to Novelis.