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May 2004IMCO Recycling Increases Aluminum Alloy Shipments to General MotorsIrving, TX— IMCO Recycling Inc. will expand its Saginaw, Michigan facility by 50 percent in order to significantly increase the amount of aluminum alloy that it supplies to General Motors Corporation. The increase in volume was agreed to in a recently signed amendment to a 13-year contract that the two companies announced in 1999. The greater amount of alloys to be supplied by IMCO will be used by GM’s Saginaw Metal Casting Operations to manufacture the new GEN IV all-aluminum V8 engine. GM will utilize the new engine in its full-size sports utility vehicles. GM and other vehicle manufacturers are increasing their use of aluminum in order to minimize the weight of their vehicles while maintaining their size, thus satisfying customer preferences while reducing fuel usage and greenhouse gas emissions. In addition, aluminum-intensive vehicles provide superior acceleration, braking, handling and terminal value. In North America over the past 12 years the use of aluminum has doubled in cars and tripled in SUVs, light trucks and minivans. |