Novelis has completed its USD400 million investment programme in South Korea. The expansion of its Yeongju and Ulsan plants increases the company's production capacity in the region by more than 50% to around 1 million tpy of aluminium sheet. The expansion is a key element in Novelis's global growth strategy. Phil Martens, president and chief executive of Novelis, pointed out: "Asia is the largest and fastest growing region in the world for aluminium, and this expansion allows us to maintain our leadership in this dynamic region across key markets such as beverage cans, consumer electronics and automobiles."
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