USA – Aluminium company, Novelis has incorporated 61% recycled aluminum across its production lines for the fiscal year ending March 31, 2023. The company says the achievement marks the highest percentage of recycled content in the aluminum flat-rolled products industry, strengthening its position as a leader in aluminum recycling and decarbonization. Last year, Novelis recycled approximately 2.3 million metric tonnes…
Read MoreDay: August 21, 2023
Ball offloads its Aerospace business to BAE for US$5.6B
USA – Aluminum packaging producer, Ball Corporation has agreed to sell its aerospace business to BAE Systems for gross proceeds of US$5.6 billion. The transaction, which is subject to regulatory approvals and customary closing conditions and adjustments, is projected to close in the first half of 2024. Commenting on the announcement, Charles Woodburn, chief executive at BAE Systems, says: “The…
Read MorePapyrus Australia to install banana fiber moulding line in Egypt
EGYPT – Papyrus Australia, a developer of sustainable technology that converts banana waste into fiber and biodegradable food packaging products, is set to deliver its banana fiber moulding line to Egypt following six months of fabrication, assembly, and testing. In a press release, the company said the equipment will be utilized to turn raw banana fiber into pulp for the…
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