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Novelis to triple aluminum production in Brazil
Edited by : AL CIRCLE
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The US based Novelis announced to build a new plant in the US and expand the capacity of its Brazil’s production.
The new production in the US is expected to be finished in 24 to 30 months; the expansion plan for Brazil production is designed to triple the current capacity from 220,000 tonnes to 650,000 tonnes.
Mr Philip Martens CEO of Novelis said that the aluminum demands for automotive, electronic, and beverage sectors will grow by 25%, 10% and 10% to 15% respectively in coming five years. Present demand from automobile industry has returned to the level before global financial crisis.
Novelis, which produces nearly 20% of the world's flat rolled aluminum products, is a subsidiary of Hindalco Industries Limited, one of the global largest integrated producers of aluminum and a leading producer of copper.
The new production in the US is expected to be finished in 24 to 30 months; the expansion plan for Brazil production is designed to triple the current capacity from 220,000 tonnes to 650,000 tonnes.
Mr Philip Martens CEO of Novelis said that the aluminum demands for automotive, electronic, and beverage sectors will grow by 25%, 10% and 10% to 15% respectively in coming five years. Present demand from automobile industry has returned to the level before global financial crisis.
Novelis, which produces nearly 20% of the world's flat rolled aluminum products, is a subsidiary of Hindalco Industries Limited, one of the global largest integrated producers of aluminum and a leading producer of copper.
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