Atlanta-based company, Novelis breaks ground for $2.5 billion aluminum recycling and manufacturing plant in Baldwin County

  • 📰 FOX10News
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

The fully integrated plant will leverage the company's long-term relationships with many of the world's leading beverage, packaging, and automotive brands.

) - It’s a big day in Baldwin county. Local leaders broke ground on a new aluminum recycling and manufacturing center.

More than half of this mega site’s capacity will go to producing aluminum sheets used for drink cans for many companies such as Coca-Cola. This is also one of the largest economic deals in Alabama’s history and is expected to produce many opportunities for folks in Bay Minette and the state. The company said its average wage will be $65,000 which is 53% higher than the current county average. Novelis is expected to contribute more than $2.5 billion in new payroll in the next 20 years and more than $5 million per year in property tax contributions toward Baldwin County Public Schools.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Babs41411 Aluminum is my favorite metal.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 581. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

ADB to give Pakistan up to $2.5 bln in flood relief support -finance ministryThe Asian Development Bank (ADB) will give Pakistan up to $2.5 billion in flood relief support, Pakistan's finance ministry said on Wednesday. Thank u Asian bank It should be in form of projects not cash
Source: ReutersScience - 🏆 559. / 51 Read more »