Novelis to build $300m aluminium plant amid auto optimism

Aluminium flat-rolled products maker Novelis Inc. plans to build a $300 million plant in Kentucky targeted at automotive customers looking to minimise vehicle weight amid more stringent efficiency rules. “It just reiterates the industry’s view on this very strong penetration as the material of choice on vehicles,” Novelis CEO Steve Fisher said in a telephone interview. “We don’t see it as a leap of faith.”