Novelis still pushes for global growth: Martens

Feb 12, 2013 | 05:53 PM | Michael Cowden

Tags  Novelis, Philip Martens, earnings, expansion, Europe, United States, China, South Korea automotive

CHICAGO — Novelis Inc. could take roughly a year to digest a series of new expansion projects that are coming online in the next six to 12 months, but that doesn’t mean the Atlanta-based aluminum producer is looking to slow its global growth in the long term, according to its top executive.

"The market is pulling us to invest in more heat-treatment (capacity), and we will continue to invest in recycling," Novelis president and chief executive officer Philip Martens said in an interview with AMM following the release of the company’s earnings results Feb. 12.

Demand for heat-treat capacity to supply the automotive sector is growing throughout North America, Europe and China, Martens said, noting that Novelis’ European heat-treat operations in particular are already close to capacity. The trend toward more aluminum use in vehicles for lightweighting purposes will also help drive demand, he added.....

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