, 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.
SUGAR LAND, TX, Aug 11, 2008 (MARKET WIRE via COMTEX) — 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 (GM:
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