Aluminum giant expands, anticipating rising China demand
By Wang Ying in Shanghai | China Daily | Updated: 2018-12-21 07:46
Atlanta-based industrial aluminum company Novelis is adding a new customer solution center in Shanghai and doubling capacity at its plant in Changzhou, Jiangsu province, as it attempts to keep up with rising demand from China, said a senior executive.
"China's demand for aluminum flat-rolled products will increase from the current level of about 10 percent of the global automotive aluminum market to 25 percent by 2025," noted Pierre Labat, vice-president of global automotive, Novelis.
To help meet the demand, the firm is investing $180 million into expanding its Changzhou plant. Due to be completed in the second half of 2020, it will boost the facility's annual production capacity of heat-treated aluminum sheet by 100,000 metric tons.
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