NOVELIS TO INVEST $130 MILLION TO MEET GROWING DEMAND FOR SUSTAINABLE ALUMINIUM

The multinational company Novelis, the world leader in aluminium rolling and recycling has announced new investment plans. The company will inject nearly $130 million to upgrade its operations at its Oswego, New York headquarters to meet growing customer demand for sustainable aluminum and flat-rolled products.

Specifically, this project will allow the multinational to increase its hot rolling capacity by 124,000 metric tons in order to serve the can, automotive and special products markets, as well as to improve finishing capabilities for automotive sheet.

New to the new investment will also include upgrades to the plant’s hot investment mill motors and hot finish mill drive train and cooling systems, as well as an upgrade to batch annealing capabilities.

By investing in modern, energy-efficient upgrades at Oswego, our goal is to maintain and develop important partnerships with our valued customers,%22 said Tom Boney, executive vice president and president of Novelis North America.

In relation to the company’s sustainability process to reduce energy use by 10% over five years, this project will also improve energy efficiency at the plant. Precisely, the use of recycled aluminium requires significantly less energy and water, avoiding 95% of the greenhouse gas emissions associated with the production of primary aluminium.

Finally, such investment will further strengthen the company’s position in the treatment of additional recycled aluminum inputs as well as increased recycled content in all of its product lines in the future. The investment plans will begin in the spring of 2022 and are expected to be completed by 2024.