In a bid to expand its aluminium automotive grade production capacity in the US and Germany, Hindalco Industries’ US-based subsidiary, Novelis Inc is planning to invest $205 million.
With the said investment, the company will make new finishing lines at its plants in Oswego, New York, and Nachterstedt, Germany, dedicated to the production of aluminium automotive sheets. The two new lines will each have a capacity of 1,20,000 tonnes a year.
Novelis is one of the world's leading providers of aluminium automotive sheet, which auto manufacturers are turning to for making structural components and exterior body panels. The company’s products are used in over 180 different vehicle models produced by leading automakers around the globe.
With the said investment, the company will make new finishing lines at its plants in Oswego, New York, and Nachterstedt, Germany, dedicated to the production of aluminium automotive sheets. The two new lines will each have a capacity of 1,20,000 tonnes a year.
Novelis is one of the world's leading providers of aluminium automotive sheet, which auto manufacturers are turning to for making structural components and exterior body panels. The company’s products are used in over 180 different vehicle models produced by leading automakers around the globe.
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