Arconic, New York, announces a multi-year supply deal with Toyota North America to supply aluminum for its all-new Lexus RX models, Toyota’s first vehicle in North America to prominently feature aluminum exterior panels. 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.
“Automakers worldwide are turning to aluminum for the stronger, tougher, higher-performing vehicles that consumers demand,” says Mark Vrablec, President of Arconic’s Aerospace & Automotive Products business.
The Arconic and Toyota deal draws on the strong automotive expertise and manufacturing capability of Arconic’s Global Rolled Products business. Arconic will supply Toyota from its plants in Davenport, Iowa, and Danville, Illinois.
Arconic is a premier partner to the high-growth automotive industry with operations in Davenport, Iowa, and Alcoa, Tennessee; and breakthrough technologies such as the Arconic Micromill in San Antonio, Texas.
The company estimates that it will grow its automotive sheet revenue from $76 million in 2010 to $1.3 billion in 2018, and across Arconic’s full automotive portfolio, 98% of Arconic revenues come from products where it is number one or number two in its segment.
