Atlanta and Changzhou, China - 20 October 2014 – Novelis has officially opened China's first plant dedicated to the production of heat-treated aluminum automotive sheet. The wholly-owned facility, located in the Changzhou National Hi-Tech District, represents a $100 million investment by Novelis and has an annual capacity of 120,000 metric tons.
"The opening of our Changzhou plant further solidifies Novelis' position as the aluminum partner-of-choice for automakers around the world," said Phil Martens, President and CEO of Novelis.
Since 2011, Novelis has invested more than $550 million globally to triple its automotive sheet capacity to 900,000 metric tons by 2015. Demand for aluminum is rapidly increasing as automakers strive to design a new generation of lighter, more fuel-efficient vehicles with reduced life-cycle emissions. Each 10 percent weight reduction can result in a 5 to 7 percent fuel savings.
"The opening of our Changzhou plant marks an important milestone for Novelis as our first manufacturing facility in China," said Shashi Maudgal, Senior Vice President, Novelis and President, Novelis Asia. "This new facility will be integrated with our existing operations in Korea, strengthening Novelis' leadership in the Asian market, the largest and fastest growing region in the world for aluminum."
Novelis Inc. is the global leader in aluminum rolled products and the world's largest recycler of aluminum. The company operates in 11 countries, has approximately 11,200 employees and reported revenue of approximately $10 billion for its 2014 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. The company is part of the Aditya Birla Group, a multinational conglomerate based in Mumbai, India.