Novelis Inc. is investing about $9 million in its Oswego, NY, plant to increase production of aluminum sheet ingot. The investment will include the installation of an aluminum melting furnace that will provide increased energy efficiency and reduced cycle time. The new ingot production will be brought on line within 12 months.
This investment is part of Novelis' ongoing program to secure long-term, low-cost sheet ingot supply for its operations.
"This announcement follows the recent acquisition of Novelis by Hindalco Industries Ltd. and demonstrates our new owner's strategic commitment to our business," said Kevin Greenawalt, president of Novelis North America. "Our customers will benefit as we become ever more flexible in meeting their requirements for high-value aluminum products, such as those produced with our Novelis Fusion(TM) technology."
The Oswego plant is Novelis' largest wholly owned aluminum fabrication facility. Equipped for aluminum recycling and remelting, ingot casting, and hot and cold rolling, the plant generates premium aluminum sheet products used by the automotive, appliance, beverage can, building and construction, commercial transportation and industrial markets.