Hulamin is intent on increasing its scrap consumption as it seeks to expand production in higher-margin items such as aluminium cans, which are displacing plastics as the preferred vessel for beverages.
The company, which specialises in rolled aluminium products for precision and high-technology applications, said domestic demand for beverage cans would grow at a cumulative 5% per annum over the next five years, as plastic continues to fall out of favour.
Linked to its ambition to grow its can product offering is a scrap utilisation plan which will see Hulamin's consumption of scrap for production processes grow - a move that will conserve energy and bring down costs.