Economic Champion Spotlight: Novelis Inc.
Posted on March 1, 2022
CEO Essentials, March 2022
Novelis Inc., the world leader in aluminum rolling and recycling, will invest approximately $130 million to upgrade its operations in Oswego to meet growing customer demand for sustainable, aluminum 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. These projects will begin in spring 2022 and are expected to be completed in 2024.
This investment follows the successful expansion of significant automotive finishing capabilities and recycling capacity at the Oswego plant over the last decade. These included the addition of more than 300,000 metric tons of state-of-the-art automotive finishing capacity and the expansion of the recycling center, which processes roughly 25 million pounds of automotive aluminum scrap per month.
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. Novelis aluminum is designed to support safe, sustainable and cost-effective ways to lightweight vehicles and commercial trucks that result in better performance and agility, increased fuel economy and reduced carbon emissions.