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Arconic signs multiyear deal with Toyota

Arconic signs multiyear deal with Toyota
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Arconic, headquartered in New York, has announced a multiyear deal with Toyota North America to supply aluminum for the car company’s new Lexus RX. The vehicle debuted last year, becoming Toyota’s first vehicle in North America to prominently feature aluminum exterior panels.

“Automakers worldwide are turning to aluminum for the stronger, tougher, higher performing vehicles that consumers demand,” says Mark Vrablec, president of Arconic’s Aerospace and Automotive Products business. “Many bestselling vehicles in America have already converted to aluminum for improved performance, including better fuel efficiency, more towing and payload capacity and improved vehicle safety scores. This trend will continue. We are proud to expand our relationship with Toyota.”

This makes Arconic the sole aluminum sheet supplier to Toyota for the Lexus RX, named by Consumer Reports as the Best Luxury SUV of 2016.

Arconic will supply Toyota from its plants in Davenport, Iowa, and in Danville, Illinois.

The company estimates that it will grow its automotive sheet revenue from $76 million in 2010 to $1.3 billion in 2018. Across Arconic’s full automotive portfolio, 98 percent of its revenue comes from products where it is No. 1 or No. 2 in its segment, the company says.

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Source: Recycling Today
Arconic signs multiyear deal with Toyota
<![CDATA[Arconic, headquartered in New York, has announced a multiyear deal with Toyota North America to supply aluminum for the car company’s new Lexus RX. The vehicle debuted last year, becoming Toyota’s first vehicle in North America to prominently feature aluminum exterior panels. “Automakers worldwide are turning to aluminum for the stronger, tougher, higher performing vehicles that consumers demand,” says Mark Vrablec, president of Arconic’s Aerospace and Automotive Products business. “Many bestselling vehicles in America have already converted to aluminum for improved performance, including better fuel efficiency, more towing and payload capacity and improved vehicle safety scores. This trend will continue. We are proud to expand our relationship with Toyota.” This makes Arconic the sole aluminum sheet supplier to Toyota for the Lexus RX, named by Consumer Reports as the Best Luxury SUV of 2016. Arconic will supply Toyota from its plants in Davenport, Iowa, and in Danville, Illinois. The company estimates that it will grow its automotive sheet revenue from $76 million in 2010 to $1.3 billion in 2018. Across Arconic’s full automotive portfolio, 98 percent of its revenue comes from products where it is No. 1 or No. 2 in its segment, the company says.]]>

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