Neveah Commences Production at its new 44,000 MT Recycling Plant

• Neveah Limited has commenced production at its new recycling plant in Ogun State, producing 85.1% pure aluminium ingots and signalling readiness for global export markets
• The $multi-billion facility can process 44,000 metric tons of aluminium and copper annually, with projections to generate over $150 million in exports and create thousands of jobs
• Recognised by the Financial Times as one of Africa’s fastest-growing companies, Neveah aims to drive sustainable growth and strengthen Nigeria’s circular economy through high-tech recycling

Neveah Limited has officially begun production at its cutting-edge aluminum and copper recycling plant located in Ogun State, Nigeria.

In its maiden run, the facility produced its first batch of aluminum ingots boasting an impressive purity level of 85.1%, reflecting the company’s commitment to high-quality output as it prepares for full-scale operations.

Utilising advanced technology and precision instruments, Neveah ensures that every ingot meets and exceeds stringent international standards, positioning the company to access competitive export markets globally.

This technological edge underscores Neveah’s dedication to producing export-ready metals that meet global demand for premium-grade recycled materials.

“This milestone is more than just production; it’s a glimpse into our future,” said Mr. Ibidapo Lawal, CEO of Neveah Limited. “We are not just recycling; we are redefining how Africa contributes to the global circular economy.”

The plant represents a multi-billion Naira investment capable of processing over 44,000 metric tons of aluminum and copper annually. Once fully operational, it is projected to generate over $150 million in export revenues, create approximately 500 direct jobs and more than 6,000 indirect employment opportunities, while reducing carbon emissions by over 377,000 tons each year.

These environmental and economic benefits align with Neveah’s mission to promote sustainable growth and support Nigeria’s broader development objectives.

Neveah’s rapid rise in the industry has earned significant recognition. The company recently topped the Metals & Mining category and ranked 21st on the Financial Times’ 2025 list of Africa’s Fastest-Growing Companies, showcasing its operational excellence and global competitiveness.

As Neveah transitions to full-scale production in the coming days, it is set to transform scrap materials into high-quality metals, bolster Nigeria’s export portfolio, and champion a circular economy model that benefits local communities and international markets alike.

Source: Legit.ng