Area Development
Novelis Inc., the world leader in aluminum rolling and recycling, plans to invest approximately $130 million to upgrade its operations in Oswego, New York.

According to company officials, this will enable 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 project will begin in spring 2022 and is expected to be completed in 2024.

The new investment includes upgrades to the plant's hot reversing mill motors and drivetrain and hot finishing mill coolant systems, as well as an enhancement of batch annealing capabilities, company officials explained.

"By investing in modern, energy-efficient upgrades in Oswego, we aim to sustain and grow important partnerships with our valued customers," said Tom Boney, Executive Vice President 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."

In line with Novelis' sustainability goal to reduce energy use by 10 percent by 2026, the upgrade will also enhance energy-efficiency at the plant. The investment follows the successful expansion of significant automotive finishing capabilities and recycling capacity at the Oswego plant over the last decade.

Novelis is the world's leading provider of aluminum automotive sheet used for making structural components and exterior body panels that can be found in more than 225 vehicle models produced by leading automakers around the globe.