Novelis mulls capacity growth for automotive

May 19, 2014 | 03:35 PM | Nathan Laliberte

Tags  Novelis, Steve Fisher, General Motors, Ford, Midwest premium, CME Group, aluminum sheet, Nathan Laliberte

NEW YORK — Novelis Inc. expects the automotive industry to account for 20 percent of its product mix by 2017, but the company would have to consider significant investments in capacity to capture market share beyond its current contractual obligations.

"That 20-percent estimate is based on contractually committed volume," Novelis vice president and chief financial officer Steven Fisher told AMM in an interview. "We are certainly in a position to discuss other opportunities with major manufacturers, but in that sense, we would have to evaluate our overall capacity capabilities."....

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