27 JANUARY 2014www.investing.com
Primary aluminum witnesses 1.8% increase to $1,746
Edited by : AL CIRCLE
1 min read
Looks as though “Constellium NV and UACJ Corp will form a joint venture in the United States to supply the auto industry in response to growing demand for light-weight materials, the companies said on Thursday,” reports Reuters.
“Car manufacturers are turning to aluminium to raise fuel efficiency in line with new regulations, and some analysts expect a fivefold increase this year in the auto aluminium sheet market in the United States.”
“Dutch-based Constellium and Japan’s UACJ plan to invest about $150 million to develop a production facility for aluminium sheet for car bodies, with an initial capacity target of 100,000 tonnes, they said in a joint statement.”
“The partners aim to launch production in the first half of 2016, a Constellium spokesman told Reuters, adding they would probably develop a new site rather than add a line at an existing plant.”
“Car manufacturers are turning to aluminium to raise fuel efficiency in line with new regulations, and some analysts expect a fivefold increase this year in the auto aluminium sheet market in the United States.”
“Dutch-based Constellium and Japan’s UACJ plan to invest about $150 million to develop a production facility for aluminium sheet for car bodies, with an initial capacity target of 100,000 tonnes, they said in a joint statement.”
“The partners aim to launch production in the first half of 2016, a Constellium spokesman told Reuters, adding they would probably develop a new site rather than add a line at an existing plant.”
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