Manufacturing Industry

Novelis exits casting alloys in Europe.(Brief Article)

Purchasing, December, 2005

Staff Alcan spin-off Novelis is quitting the aluminum casting alloys business in Europe and closing a small money-losing plant in Borgofranco, Italy, by the end of March of next year. "The casting alloys business is not a core part of the Novelis strategy," according to a statement from Chris Bark-Jones, president of Novelis' European unit.

"We are focused on enhancing our product portfolio in high-value rolled-products markets where we enjoy technological leadership." Novelis, which was spun off by Montreal-based aluminum giant Alcan in January, is the global leader in aluminum rolled products and aluminum can recycling. The Atlanta-based company has 36 operating plants in 11 countries and more than 13,000 employees. The company supplies...

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