Novelis’ Korean venture investing in Fusion
Dec 01, 2006 | 07:15 AM
| Matthew Lerner
Novelis Inc., Atlanta, said its Novelis Korea Ltd. joint venture plans to invest $4.1 million to install Novelis Fusion casting technology at its Ulsan, South Korea, facility.
The Novelis Fusion casting center at Ulsan, which is expected to be operational by mid-2007, will have an initial capacity of more than 25,000 tonnes per year.
"Commercially, this investment will open the door to a new range of high-end product offerings in Asia," Jacquie Bartlett, vice president of sales and marketing at Novelis Korea, said. "With the Novelis Fusion technology, we will start by offering a full range of high-quality brazing sheet and fin stock products to local customers that today must rely on imports."....
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