Korea s environmental regulations and public awareness are still seen as insufficient to increase the recycling of used beverage cans into new aluminum cans, according to the Asia-Pacific business head of Novelis, a global producer of rolled aluminum and recycler of aluminum cans.
Instead of being panicked by the Seoul Metropolitan Government s erroneous alert over North Korea s firing of what it claimed to be a “space launch vehicle” on Wednesday morning, American businesspeople here regarded the incident as further proof of the importance of the alliance between South Korea and the U.S.
Novelis, the world s leading company in aluminum rolling and recycling, broke ground on a $53 million aluminum recycling center in Ulsan, Monday, with the aim of reducing its carbon emissions by more than 420,000 tons annually through the new facility to produce 100,000 tons of low-carbon sheet ingot annually.