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Novelis Announces Nearly $130 Million Investment To Enhance Oswego Operations And Meet Growing Demand For Aluminum

Oct 18, 2021•almost 4 years ago

Amount Raised

$130 Million

Atlanta

Description

Novelis Inc., the world leader in aluminum rolling and recycling, today announced plans to invest approximately $130 million to upgrade its operations in Oswego, NY 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.

Company Information

Company

Novelis

Location

Atlanta, Georgia, United States

About

Novelis Inc. is driven by its purpose of shaping a sustainable world together. We are a global leader in the production of innovative aluminum products and solutions and the world's largest recycler of aluminum. Our ambition is to be the leading provider of low-carbon, sustainable aluminum solutions and to achieve a fully circular economy by partnering with our suppliers, as well as our customers in the aerospace, automotive, beverage can and specialties industries throughout North America, Europe, Asia and South America. Novelis is a subsidiary of Hindalco Industries Limited, an industry leader in aluminum and copper, and the metals flagship company of the Aditya Birla Group, a multinational conglomerate based in Mumbai. For more information, visit novelis.com.

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