SOURCE: Industrial Info Resources

August 11, 2008 07:00 ET

A Bullish Middle East Aluminum Industry, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - August 11, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- High energy costs are cutting the bottom line of many companies, especially energy-intensive industrial sectors such as the aluminum production industry. Energy costs account for one-third of aluminum production costs, and naturally, aluminum producers gravitate toward areas where there is a cheap supply of natural gas. The Middle East is fast becoming the destination of choice, causing the aluminum industry in the area to grow into a multi-billion dollar industry. Aluminum (mostly metal castings) is used in vehicles for hundreds of automotive components ranging from wheels to engines. Automobile manufacturers such as General Motors (NYSE:GM), Ford Motor Company (NYSE:F), Nissan Motor Company (NASDAQ:NASNY), BMW AG, Chrysler and Audi AG (FRANKFURT:NSU) are taking great strides in incorporating more aluminum products. These manufactures obtain their feedstock from the aluminum producers who are now investing heavily in the Middle East.

For details, view the entire article by subscribing to Industrial Info's Premium Industry News at http://www.industrialinfo.com/showNews.jsp?newsitemID=136817, or browse other breaking industrial news stories at www.industrialinfo.com.

Industrial Info Resources (IIR) is a marketing information service specializing in industrial process, energy and financial related markets with products and services ranging from industry news, analytics, forecasting, plant and project databases, as well as multimedia services. For more information send inquiries to metalsandmineralsgroup@industrialinfo.com or visit us at www.industrialinfo.com.

Related News Articles

Chinese Electrolytic Aluminum Factories Cutting Production as Cost for Power Rises

Extractive Industries Push Planned Industrial Project Spending in Canada to $386 Billion

Dubai Aluminum Planning More Than $14 Billion in Investments

Contact Information

  • Contact:

    Joe Govreau
    713-783-5147