CBA has invested close to R$ 50 million in its recently acquired Itapissuma mill

Itapissuma, October 26, 2022 – Companhia Brasileira de Alumínio (CBA), the only vertically integrated aluminum producer in Brazil (from mine to downstream), has so far invested R$ 49.4 million in its recently acquired rolling mill in Brazil’s northeastern coastal town of Itapissuma, over a period extending from the date of the acquisition in February 2020 to June this year.  The facility has a production capacity of 50,000 metric tons per year of foil and sheet.   The investments went primarily to improvements in occupational health and safety, the environment, processes, and digital transformation.   Now an important part of CBA’s downstream business, the Itapissuma mill supports the company’s strategy to establish itself as a leading player in the packaging foil segment in the Americas.   “We want to expand our market share in Brazil and across the continent, and this plant is a key part of this ambition.  Our primary goals are to build an industry-leading presence in the aluminum packaging segment in the Americas, and in the automotive and transportation segments in South America,” explains Fernando Varella, Downstream Products VP at CBA.  Diversity and job creation – Amid the Covid-19 pandemic, the Itapissuma mill created more than 100 new direct jobs from February 2020 to September this year.   During this period, CBA also expanded its diversity, equity and inclusion program, and stepped up efforts to attract and develop women within the organization.  Thanks to these efforts, the number of women in operational roles at Itapissuma increased by more than 55%, and the total number of women working at the plant rose by 43%.   In addition, in 2021 the facility launched the first edition of its free trades training course for women, in a partnership with the National Industrial Education Service (SENAI).  The first class trained and certified 28 women, of whom 13 were then hired.  On October 17, 2022 the second class started training, with more than 25 women learning skills for roles in industrial positions, in a program similar to those in other locations where CBA operates.   “In the last three years and a half we have put a lot of effort into training and hiring women for roles in industry.  We believe the benefits of a female presence in the workplace are clear, whether it’s productivity or innovation and digital transformation, and this makes a compelling case for having diversity on our agenda.  We are committed to building an increasingly equitable and inclusive culture, not only within but also beyond the organization,” says Fernando Varella.  About the Itapissuma Acquisition – On February 01, 2020 CBA initiated the integration of Arconic Inc.’s operations in Itapissuma after completing the acquisition and transfer of ownership of the mill for US$ 50 million.  The deal was approved by the Brazilian antitrust authority, CADE, without qualifications in December 2019.  About CBA   Founded in 1955, Companhia Brasileira de Alumínio – CBA is a vertically integrated producer, from cradle to gate. Able to generate 100% of energy consumed from renewable sources, CBA provides sustainable solutions for the packaging, transportation, automotive, civil construction and consumer goods sectors, as well as leading the recycling of industrial aluminum scrap.   Following its flotation in 2021 (CBAV3), it became the first aluminum company to be traded on B3.  With net revenue of R$ 8.4 billion in 2021 and R$ 1.5 billion of Adjusted EBITDA in the period, CBA is committed to guaranteeing a supply of low-carbon aluminum in partnership with stakeholders, developing communities in its geographies and conserving biodiversity.   Would you like to know more? Go to www.cba.com.br   CBA Press Office – CBA – Agência Fato Relevante [email protected] Lula Portela – [email protected] | (81) 9.9976-6847 Anninha Cavalcanti – [email protected] | (81) 9.8884-9097 Giulia Castro – [email protected] | (11) 9.7575-0225 Cleide Rodriguez – [email protected] | (11) 9.9935-0102 Marcos Viesi – [email protected] | (11) 9.7642-3998 Fernando Rubino – [email protected] | (11) 9.8268-2838