Filter by:  

 

Hindalco’s arm Novelis to invest $ 218 mn in Chinese facility



Novelis, a subsidiary of Hindalco Industries Limited (a flagship company of the Aditya Birla Group), will invest $218 million to set up a facility in China to expand production capacity of premium automobile aluminum sheets by 100,000 tonnes. Once construction of the new facility is completed, Novelis' total investment to date in Changzhou National Hi-Tech District will exceed $ 400 million. 
 
Novelis (China), the Indian firm's first automotive aluminum sheet manufacturing facility in China, was established in Changzhou National Hi-Tech District in June 2012. It is also the country's first manufacturing base for premium automobile aluminum sheet. Novelis (China), a leader in automotive body and structural parts engineering in China, produces sheet that is mainly used in vehicle engine hoods, rear baffles, fenders, doors, roofs, chassis and structural parts. Current Novelis auto sheet customers include many international brands, among them, Audi, BMW, Ford, GM, Hyundai, Jaguar, Mercedes-Benz and Peugeot Citroen, as well as Chinese brands BAIC, BYD, Great Wall and SAIC. Production at the Novelis Changzhou facility for the year 2017 was valued at Yuan 1.273 billion (about $ 184 million). 
 
With increasing orders for electric vehicles from NIO, Audi, Cadillac and Jaguar, the Novelis Changzhou facility is on track to reach full production by the end of the year. With the date fast approaching, the company decided to build a new rolled aluminum production line and equip it with first-class equipment, doubling the annual output of aluminum sheet in Changzhou. 
Changzhou National Hi-tech District (CND) is located in the heart of the Yangtze River Delta. There are more than 1,600 foreign-invested companies in CND. Recently, CND is accelerating the development pace and intensifying the efforts on construction of an industrial base, making 2 pillar businesses: equipment manufacturing (precision machinery) and new materials bigger and stronger. The emerging industries consist of new generation of information technology, biomedical, new energy vehicle, photovoltaic and aviation.
 
Novelis Inc is the global leader in aluminum rolled products and the world's largest recycler of aluminum. 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. Novelis is a subsidiary of Hindalco Industries Limited, one of Asia's largest integrated producers of aluminum and a leading copper producer.
 

TAGS



Advertise Here