09 MAY 2011www.alu.com.cn
Novelis invest USD 400 million to expand aluminum rolling capacity in Asia
Edited by : AL CIRCLE
1 min read
Reportedly, Novelis will invest USD 400 million in the expansion of aluminum rolling capacity in Asia and the recycling infrastructure in response to meet the growing demand from Asia and the Middle East. In addition, this investment has showed the remarkable step of the strategy implementation for future growth of Novelis.
Mr Phil Martens president and CEO of Novelis said that Asia was the world's top aluminum product consumer with the fastest growth, especially in beverage cans, electronics and automotive sector. Thus, the company expected that the expansion into Asian market would help us to maintain its leading position.
Mr Phil Martens president and CEO of Novelis said that Asia was the world's top aluminum product consumer with the fastest growth, especially in beverage cans, electronics and automotive sector. Thus, the company expected that the expansion into Asian market would help us to maintain its leading position.
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