Reynolds Metals Company Reports Record Sales and Shipments in 1994

Strategic Insights -

Reynolds Metals Company, a leading global supplier of aluminum and aluminum fabricated products, reported record sales and shipments in 1994 to the automotive, truck, and trailer industry worldwide. The company's sales to this industry increased by nearly 23 percent to $730 million in 1994, up from $594 million in 1993. Reynolds' portfolio of added-value products, including cast aluminum wheels, bumper systems, and drive shaft tubes, accounted for a significant portion of the company's total sales to the industry.

Key Takeaways:

  • Reynolds Metals Company reported record sales and shipments in 1994 to the automotive, truck, and trailer industry worldwide, with sales increasing by nearly 23 percent to $730 million.
  • The company's sales of finished and semifinished components, such as cast aluminum wheels, bumper systems, and drive shaft tubes, accounted for almost 22 percent of Reynolds' total sales to the industry in 1993.
  • Reynolds' portfolio of added-value products will continue to gain momentum with the start-up of the company's first U.S. wheel plant and the expansion of its fabricated extruded components plant in Auburn, Indiana.
  • The company announced a $12 million expansion that will more than double annual production capacity to 30 million pounds at its fabricated aluminum automotive components plant in Auburn, Ind.
  • Reynolds has been an innovator and leading supplier of aluminum automotive applications since the 1950s, pioneering the development of the all-aluminum engine block, bumpers, and cast aluminum wheels.
  • The company currently manufactures wheels in Canada, Europe, and South America, and operates 31 of its more than 100 plants worldwide supplying aluminum and aluminum fabricated products to the automotive, truck, and trailer industry.

Statistics:

  • $730 million: Reynolds Metals Company's sales to the automotive, truck, and trailer industry increased by nearly 23 percent in 1994, up from $594 million in 1993.
  • 22 percent: Sales of finished and semifinished components, such as cast aluminum wheels, bumper systems, and drive shaft tubes, accounted for almost 22 percent of Reynolds' total sales to the industry in 1993.
  • 30 million pounds: The company's fabricated aluminum automotive components plant in Auburn, Ind. will have a production capacity of 30 million pounds after a $12 million expansion.
  • 31: The number of Reynolds plants supplying aluminum and aluminum fabricated products to the automotive, truck, and trailer industry.

Sources:

  • PRNewswire
  • Reynolds Metals Company
  • Society of Automotive Engineers International Congress and Exposition