Koreatimes.co.kr
Novelis goes into expansion mode
Edited by : AL CIRCLE
1 min read
Novelis Inc., is expanding its Korean operations to meet growing industrial demand for a variety of aluminum sheets. Using its success here as a springboard, it has made inroads into China and Southeast Asia to become an industry leader in rapidly growing areas.
Novelis, which is based in Atlanta, is one of few multinational companies that operate its Asia-Pacific headquarters out of Korea. The company entered Asia’s fourth-largest economy more than 20 years ago and currently runs two plants in the southeastern part of the country, employing nearly 1,400 workers.
“We have been in Korea for over two decades operating an aluminum rolling plant in Ulsan and an aluminum can recycling plant in Yeongju,” Novelis Asia CEO, Shashi Maudgal said. “The nation is a key market for us with a significant portion of our products consumed in the domestic market. For the past three years, we invested a total of $700 million in Korea to increase our presence and hire new workers.”
Novelis, which is based in Atlanta, is one of few multinational companies that operate its Asia-Pacific headquarters out of Korea. The company entered Asia’s fourth-largest economy more than 20 years ago and currently runs two plants in the southeastern part of the country, employing nearly 1,400 workers.
“We have been in Korea for over two decades operating an aluminum rolling plant in Ulsan and an aluminum can recycling plant in Yeongju,” Novelis Asia CEO, Shashi Maudgal said. “The nation is a key market for us with a significant portion of our products consumed in the domestic market. For the past three years, we invested a total of $700 million in Korea to increase our presence and hire new workers.”
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