Investment expands aluminum sheet capacity for the automobile industry
NACHTERSTEDT, Germany, April 7, 2014
Novelis, the world leader in aluminum rolling and recycling, today celebrated the groundbreaking ceremony for a new automotive sheet finishing line at ist Nachterstedt, Germany, facility. Erwin Mayr, Senior Vice President of Novelis and President of Novelis Europe, made the symbolic shovel turn with Reiner Haseloff, Prime Minister of the German federal state of Saxony- Anhalt.
The EUR 62 Million expansion is in Response to the steadily growing demand for aluminum automotive sheet for light-weight vehicle structures and body panels. The new line will add 120,000 metric tons of annual capacity to the Nachterstedt plant’s automotive output. Novelis expects demand for aluminum automotive sheet in Europe to increase by an average of 15 percent per year over the next five years as carmakers focus on strategies to improve vehicle fuel efficiency and reduce CO2 emissions.
The expansion, which is scheduled to come on line in the second half of 2015, will create up to 120 new jobs and boost Novelis’ annual automotive production capacity for aluminum sheet in Europe to well over 350,000 metric tons.
AIC is assigned for General Engineering of this Investment.
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