Hulamin to invest ZAR 300 million in aluminium recycling plant

Hulamin, the Pietermaritzburg based aluminium products manufacturer, would be investing ZAR 300 million in aluminium recycling plant that will take used aluminium beverage cans and reprocess them back to raw metal.

It said gas fired furnaces would provide recycled aluminium to the local market, while using only a fraction of the electricity required to smelt new metal. The ZAR 300 million would be financed, in the main, by a new five year ZAR 270 million loan from Nedbank.

Looking ahead, Hulamin said that it would continue to focus on core competencies and product streams in 2015. Our efforts to simplify the business and establish clear accountability will improve manufacturing performance and, in particular, production recoveries.

It said that global markets for beneficiated aluminium products were growing and, despite fierce competition, prices in the niches in which it specialised were stable.

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