Novelis Expands Production Capacity in Europe for Automotive Sheet
ZURICH and GOTTINGEN, Germany, May 24, 2013 /PRNewswire/ -- Novelis, the world leader in aluminum rolling and recycling, will expand its production capacity for automotive sheet effective immediately. This step is designed to meet growing demand for light, recyclable aluminum sheet for automobile manufacturing.
Novelis Europe has qualified its rolling and finishing facility in Gottingen, Germany to produce automotive sheet. Novelis currently produces automotive sheet in Europe at its Nachterstedt, Germany and Sierre, Switzerland facilities. Initially, 20,000 tons will be manufactured annually in Gottingen. A planned second phase will expand capacity to 40,000 tons annually at the plant. The production site in Gottingen has specialized in the surface treatment of aluminum for various surface critical applications.
"The increased production at our Gottingen plant is part of our global expansion plan in the automotive sector," says Erwin Mayr, Senior Vice President, Novelis and President, Novelis Europe. "As the world's largest producer of aluminum sheet for the automobile industry, Novelis is adding capacity worldwide to meet the rapidly growing demand for rolled aluminum used in the design of a new generation of lighter, more fuel-efficient vehicles."
Novelis is investing around the world to boost its automotive finishing capabilities. In North America, an expansion at the company's Oswego, New York plant will add 240,000 tons and a new plant under construction in Changzhou, China will have a capacity of 120,000 tons.
Novelis Inc. is the global leader in aluminum rolled products and the world's largest recycler of aluminum. The company operates in 9 countries, has approximately 11,000 employees and reported revenue of $9.8 billion for its 2013 fiscal year. Novelis supplies premium aluminum sheet and foil products to transportation, packaging, construction, industrial and consumer electronics markets throughout North America, Europe, Asia and South America. Novelis is a subsidiary of Hindalco Industries Limited (BSE: HINDALCO), one of Asia's largest integrated producers of aluminum and a leading copper producer. Hindalco is a flagship company of the Aditya Birla Group, a multinational conglomerate based in Mumbai, India. For more information, visit www.novelis.com and follow us on Twitter at twitter.com/Novelis.
Statements made in this news release which describe Novelis' intentions, expectations or predictions may be forward-looking statements within the meaning of securities laws. Examples of forward-looking statements in this news release include the anticipated capacity of the plant expansions. Novelis cautions that, by their nature, forward-looking statements involve risk and uncertainty. We do not intend, and we disclaim any obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise. Important risk factors which could impact outcomes are included under the caption "Risk Factors" in our Annual Report on Form 10-K for the year ended March 31, 2013.