Cash boost for US aluminium facility

Novelis is to invest US$ 130 million (EUR 112 million) to upgrade its US operations to meet growing customer demand for sustainable, aluminium flat rolled products.

The metal giant says the investment in the facility at Oswego on Lake Ontario 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.

The project enables Novelis to increase hot mill capacity at the plant by 124 000 tonnes to serve the can, automotive and specialty products markets, as well as enhance finishing capabilities for automotive sheet. There will be upgrades to the plant’s hot reversing mill motors, drive train and hot finishing mill coolant systems and 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. Previous investment at Oswego in the past decade include the expansion of the recycling centre.

‘By investing in modern, energy-efficient upgrades in Oswego, we aim to sustain and grow important partnerships with our valued customers,’ says Tom Boney, 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.’