Alcoa CEO: Growth of Aluminum in North American Vehicles Continues

SUGAR LAND--July 14, 2016--Researched by Industrial Info Resources (Sugar Land, Texas)--The "aluminization" of the North American auto continues, which bodes well for aluminum producers like Alcoa Incorporated (NYSE:AA) (New York, New York), the company's top executive said this week. The average amount of aluminum per vehicle in North America is expected to grow by 77 pounds (20%) from 2015 through 2020, according to Alcoa Chief Executive Officer Klaus Kleinfeld. Industrial Info is tracking active aluminum-automotive projects worth at least $4.73 billion globally, including $2.89 billion in North America. Within this article: Describes Alcoa's planned Micromill expansion in Elmendorf, Texas.