Hindalco to invest $365 Million in Aluminium Recycling Plant in USA

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Hindalco to invest $365 Million in Aluminium Recycling Plant in USA
12 Jan 2022
4 min read

News Synopsis

A wholly-owned subsidiary of Hindalco is planning to invest $365 million in a highly advanced recycling center for automotive in the USA. The company has announced that the new facility will be established next to its automotive finishing plant in Kentucky. It also claims that the new facility will help to cut the carbon emission by more than one million tonnes each year.

The recycling plant will be used to grow the recycling programme and also in the expansion of the automotive customers based in North America. The facility will work under a closed recycling loop in which the aluminium from the automotive parts is recycled for the production of new automotive parts. The company has also claimed that it will generate 140 new jobs in Kentucky.

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