Novelis to expand despite challenges
May 14, 2013 | 06:17 PM
| Michael Cowden
CHICAGO Novelis Inc. continues to move forward with expansions to its rolling, heat-treatment and recycling capabilities worldwide despite headwinds in Asia and a competitive can market in North America, company executives said.
By fiscal 2017, the Atlanta-based aluminum company should have a rolling capacity of about 3.7 million tonnes, Novelis president and chief executive officer Philip Martens said May 14 during a conference call with analysts.
The Atlanta-based companys expansion of its rolling facility in Pindamonhangaba, Brazil, is "nearly finished" with customer qualifications and began shipping coils to customers last month, Martens said. The expansion will increase the facilitys aluminum sheet capacity by 50 percent to more than 600,000 tonnes per year (amm.com, Aug. 14).
Rolling expansions in South Korea also are expected to start the commissioning process in mid-summer"a bit earlier than we expected"and to eventually boost rolling capacity by another 500,000 tonnes, Martens said.....
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