Novelis announces investment to meet demand for aluminium
Novelis has announced plans to invest approximately $130 million to upgrade its operations in Oswego, NY to meet growing customer demand for sustainable, aluminium flat rolled products. The project enables Novelis to increase hot mill capacity by 124,000 metric tons at the plant, which serves the can, automotive and specialty products markets, as well as enhance finishing capabilities for automotive sheet.
The new investment includes upgrades to the plant’s hot reversing mill motors and drive train and hot finishing mill coolant systems, as well as an enhancement of batch annealing capabilities. In line with Novelis’ sustainability goal to reduce energy use by 10% by 2026, the project will also enhance energy-efficiency at the plant. This investment further strengthens the plant’s position for additional recycled aluminium inputs and increased recycled content across its product lines in the future. The investment projects will begin in spring 2022 and are expected to be completed in 2024.
“By investing in modern, energy-efficient upgrades in Oswego, we aim to sustain and grow important partnerships with our valued customers,” said Tom Boney, EVP and president, Novelis North America. “These upgrades also strengthen Novelis’ ability to thrive in Oswego as a great place to work and a partner to the community.”