One hundred members is a record for the 80-year trade association, which represents the North American aluminium industry. The additions come at a time when the broader industry continues to thrive – in the United States alone, aluminium companies have committed to more than $2.3 billion in domestic plant expansion since 2013 to capture anticipated demand growth.
“This is an exciting time for aluminium, as the industry continues to see sustained expansion and transformative growth,” said Aluminum Association Chairman Layle “Kip” Smith, President of Noranda Aluminum. “Customers as diverse as automakers, high-tech firms and the U.S. military recognise the potential of using light-weight, durable aluminium to meet modern manufacturing challenges – a testament to the value aluminium enables.”
Since 2013, Aluminum Association member companies have announced domestic plant expansions and planned investment totalling more than $2.3 billion. These investments will create more than 1,000 permanent and temporary jobs. The increase in investment is intended to capture and meet anticipated demand growth for aluminium in the automotive sector as automakers strive to make lighter and more fuel-efficient vehicles. The investments announced to date could increase industry auto sheet capacity by more than 2 billion pounds over the next decade.
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