Aluminum must boost capacity to meet auto demand
Jun 21, 2013 | 01:46 PM
| Michael Cowden
NEW YORK The aluminum industry will need more hot mills in order to meet demand growth, especially from the automotive sector, according to industry executives at AMMs Aluminum Summit in New York.
Atlanta-based Novelis Inc. has doubled its mill structure in South America and Asia and will leverage that capacity initially, Brad Soultz, vice president and chief strategy and commercial officer, told AMM on the sidelines of the conference. "Clearly, to grow this company from a 3-million-tonne system to a 6-million-tonne system, well be talking about more hot mills. But there is nothing definitive other than the (expansions) we have publicly disclosed."
He declined to specify in what regions the new capacity might be added.
Soultz noted during prepared remarks that aluminum in the automotive sector is expected to grow dramatically around the world over the next 20 years. "We need to stay ahead of the OEMs (original equipment manufacturers)," he said. "This is real, and it is big."....
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