Novelis Expands Terre Haute, Indiana, Operations
According to company officials, with this expansion, the plant will produce aluminum for household foil applications later this year after recently securing several multi-year agreements with key customers. Examples of these applications include products such as aluminum foil sheets and rolls used in commercial and residential kitchens.
"Novelis has been a strong community partner here in the Wabash Valley for more than 60 years and this investment solidifies not only our leadership position in the aluminum foil market, but also our commitment to bringing new, sustainable jobs to this region," said Ryan Smith, Plant Manager.
The Indiana Economic Development Corporation (IEDC) offered Novelis up to $475,000 in conditional tax credits based on the company's job creation plans. These tax credits are performance-based, meaning the company is eligible to claim incentives once residents of Indiana are hired. The Terre Haute Economic Development Corporation approved additional incentives. The WorkOne Center of Western Indiana will also support Novelis' hiring efforts and offer eligible, unemployed workers funding for on-the-job training.
"Novelis contributes to our state's strong and diversified manufacturing sector, which boasts more than 9,000 facilities across Indiana," said Jim Staton, Senior Vice President and chief business development officer for the Indiana Economic Development Corporation. "These manufacturers provide thousands of quality Hoosier jobs, and I applaud Novelis for being innovative and adapting to the current market to grow their operations."
Novelis stopped producing household foil in 2014 due to unfavorable market dynamics. Since then, the U.S. Aluminum Association's Trade Enforcement Working Group, of which Novelis is a member, has filed antidumping and countervailing duty cases against several countries from which unfairly priced aluminum foil has been imported into the United States. Since the success of these cases, interest for household foil produced in the U.S. has increased and Novelis has decided to reenter the market.
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