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Hindalco’s subsidiary to double automotive aluminium capacity in China

Hindalco Industries subsidiary Novelis, to double its automotive aluminum capacity in China.

In a filing the company stated, “Novelis Inc, the world leader in aluminum rolling and recycling, will invest approximately $180 million to double its automotive aluminum body sheet capacity at its Changzhou facility in China.”

Moreover, the investment will be a continuous annealing solution heat (CASH) treatment line, that will add approx 100 kilotonnes of capacity and will include a high-speed slitter as well as a fully automated packaging line.

Read EquityPandit’s Technical Analysis of Nifty Metal

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