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.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here