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Novelis’ $2bn investments will show results in 12-16 months, ceo says

August 01, 2013 - 02:31 GMT Location: Pindamonhangaba

KEYWORDS: Novelis , Pindamonhangaba , Phil Martens

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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