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Novelis’ $2bn investments will show results in 12-16 months, ceo says
August 01, 2013 - 02:31 GMT
The expansion of Novelis’ aluminium rolling facility in Brazil will be just the lead project in $2 billion of spending worldwide by the company over the next 12-16 months, according to ceo Phil Martens.
"Over the next 12 months we will basically go from an
investment to a growth company," Martens said. "We started
looking at the markets, and three years ago we felt it was time
to make a larger investment. The growth is just beginning," he
added. Novelis expects to end the 2014 fiscal year with a 6%
increase in sales volumes of semi...
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