Novelis Inc. will spend $300 million in an automotive aluminium sheet manufacturing facility in Guthrie, Kentucky. The investment is the latest addition to company’s' extensive network of automotive finishing lines.
The greenfield facility will have an annual nameplate capacity of 200,000 metric tons and will include heat treatment and pre-treatment lines that prepare aluminium for use in vehicle parts such as body-in-white, hoods, doors, lift gates and fenders.
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"Today's announcement by Novelis to expand its capabilities in North America is a strategic decision fully supported by the Aditya Birla Group to maintain the group's leadership position in the global metals sector and its ongoing commitment to serve both upstream and downstream customers," said Kumar Mangalam Birla, chairman of the board of directors of Novelis Inc. and chairman of the board of directors of Hindalco Industries Limited.
Novelis expects to break ground in early spring and create approximately 125 jobs at the new facility, which is slated to open in 2020.
Steve Fisher, President and CEO, Novelis, Inc. said: "Aluminium is a growing material of choice for the automotive industry worldwide as auto manufacturers continue to demand more and more aluminium to produce lighter, safer and stronger cars, trucks and SUVs.”
"Novelis will continue to innovate alongside our automotive customers to lightweight the vehicles of today while looking ahead to meet the mobility needs of the fleet-based economies of tomorrow."
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