[chinalco.com] nobelis announced that the price increase of new orders for all auto aluminum and special aluminum plates in North America will take effect immediately.

All existing orders and irrevocable agreements concluded before August 7, 2014 are still executed at the original price during the contract period.

In addition to the announced price increase of $0.11 per pound for 6000 series, 5782 series and 5000 Series coating automotive alloy on January 1, 2014, other automotive aluminum prices were increased.

Marco Palmieri, senior vice president and President of North America, said: "in order to meet the rapid growth of the automotive market and continue to maintain the industry leading position in capacity investment in North America, Europe and Asia, we have added two finishing lines in Oswego, New York (Oswego) in North America for full load production, and the third automatic finishing line has also been completed, which is composed of This has increased the capacity of the region by 360000 tons per year, equivalent to seven times the current capacity. This is a milestone for us to maintain the industry's leading position, as the North American auto market demand is expected to increase 20 times in the next decade

In addition to the expansion of Oswego state, the automatic finishing line of Changzhou, China, is also under construction. It will be put into production in three months, with a capacity of 120000 tons. Nobelis also started construction of a new finishing line in nachtersedt, Germany. If all new finishing lines start trial production at the end of 2015, the annual production capacity of nobelis global aluminum sheet for automobile will reach 90000 tons, three times higher than that in 2014.

Nobelis is the world's leading supplier of automotive aluminum panels, mainly used in the production of body components and automotive body panels. Nobelis aluminum is used in more than 180 car models produced by the world's leading automakers.