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April 18, 2012
Atlanta-based Novelis Inc. will build the company’s first automotive sheet manufacturing facility in China. The company has an agreement with the Changzhou National Hi-Tech district to construct a wholly owned $100 million plant with a capacity of 120,000 metric tons per year in the Jiangsu Province. The facility is expected to become operational in late 2014.
"The agreement we signed marks another important milestone in the execution of Novelis' global strategy," says Philip Martens, president and CEO of Novelis. "This latest investment in world-class manufacturing assets further solidifies Novelis' position as the partner-of-choice for global automotive manufacturers seeking to drive fuel efficiency, high performance and innovative design in current and next-generation vehicles.
Novelis expects demand for aluminum in the global automotive sector to grow at a compound annual rate of 25 percent over the next five years as auto manufacturers look for ways to make their vehicles more fuel efficient. The move into China will position Novelis as the only aluminum sheet supplier capable of serving automotive customers in all major markets of the world, the company claims.
Novelis is a leader in automotive sheet supply in Europe where lightweight aluminum has become a popular alternative to steel for vehicle makers. And, as previously announced, to meet growing demand in North America the company is expanding its footprint here with a $200 million project to increase automotive sheet capacity by 200,000 tons per year.
Located in the heart of the China’s Changzhou National Hi-Tech District, the new site is close to vital rail lines, the Changzhou deep-water port on the Yangtze River and other business and commercial infrastructure. The company plans to ship rolled aluminum coils manufactured at its South Korean operations to the new facility in Changzhou for heat treatment and finishing before delivery to automotive customers within China, as well as to export markets.
"Our intention is to grow our leadership position in the Chinese marketplace," says Erwin Mayr, senior vice president. "Within Asia, China will have the highest demand growth for flat-rolled aluminum products. In addition to automotive, we expect Asian demand for aluminum used in beverage cans and consumer electronics to more than double by 2020. This site will allow us to address future expansion opportunities in such premium market sectors."
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