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.
About Novelis
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.
Forward-Looking Statements
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.
SOURCE Novelis
