Alcoa has completed a USD300 million expansion at its Davenport plant in Iowa dedicated to supplying aluminium sheet to the automotive industry. Alcoa made the announcement as the Detroit Auto Show which displayed a number of vehicles featuring large increases in aluminium content. According to automakers, demand for aluminium to produce vehicles - already the second-most-used material used to make cars today - is expected to nearly double by 2025. "2014 marks the beginning of dramatic growth for aluminium in the auto sector," commented Alcoa chairman and chief executive, Klaus Kleinfeld. "Automakers are increasingly choosing aluminium as a cost-effective way to improve the performance, safety, durability and fuel efficiency of their vehicles. Our project in Iowa is the first of three capacity expansions we have underway to meet this growing demand."
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