OSWEGO, NY – Novelis today announced major plans for its operation in Oswego. The company has announced a $200 million expansion in New York to meet rising automotive demand.
The investment by Novelis is to expand its rolling operations in Oswego in response to escalating demand for aluminum sheet in the United States, according to a statement by the company.
Novelis expects to hire approximately 100 new employees at Oswego over the next two years leading to start-up of the new equipment in the summer of 2013.
“This is fantastic news,” exclaimed Barry Leemann, chair of the Oswego County Legislature. “This will give Oswego, the county and entire area a much needed shot in the arm.”
“What great news! We have all been anxiously awaiting news from Novelis on an exciting announcement. The news of a $200 million plant expansion and the addition of hundreds of jobs added to the local economy is a critical component to community growth and well being,” added Ron Kaplewicz, president of the Oswego Common Council. “Our thanks to Novelis for placing their confidence in this great community!”
The expansion will result in a capacity increase of 200 kt, five times the company’s North America capacity for producing aluminum sheet for the automotive industry.
According to Philip Martens, president and CEO of Novelis, “As the world’s number one supplier of auto sheet, we are in a unique position to support the growing demand from automakers for the use of lighter weight materials in new vehicle designs. This world class expansion will provide these customers with highly engineered aluminum sheet designed to significantly improve the fuel economy and reduce emissions of new vehicles currently in development, while also reducing the lifecycle carbon footprint of their overall operations.”
Novelis will construct two new high-performance aluminum processing lines for automotive applications.
The Oswego facility is an integrated recycling, hot rolling and cold rolling complex producing aluminum sheet for the beverage can, automotive and building construction industries.
Novelis does expect infrastructure changes.
“At this point, the detailed engineering of the full scope of those changes has not been completely explored. Now that we are proceeding with the project, we will finalize the engineering analysis,” according to company executives.
There will be approximately 100 jobs created in production, engineering and maintenance over the next two years as a result of this announcement.
Approximately 150-200 temporary construction jobs are estimated with the expansion project. Construction has just begun.
Novelis will be handing out applications for operational positions in the early fall. They will be distributed through the New York State Department of Labor.
They will also hand them out to employees. For anyone seeking an engineering, managerial or technical position, they can visit the careers section of novelis.com and apply online.
Oswego salaried jobs will be posted next week.
According to company executives, “Oswego was chosen due to supply chain efficiency. The plant is also closer to Novelis’ customer base.”
Novelis Inc. is the global leader in aluminum rolled products and aluminum can recycling.
The company operates in 11 countries, has nearly 11,000 employees and reported revenue of $10.6 billion in fiscal year 2011.
Novelis supplies premium aluminum sheet and foil products to automotive, transportation, packaging, construction, industrial, electronics and printing markets throughout North America, Europe, Asia, and South America.
Novelis is a subsidiary of Hindalco Industries Limited (BSE: HINDALCO), one of Asia’s largest integrated producers of aluminum and a leading copper producer.
Hindalco is a flagship company of the Aditya Birla Group, a multinational conglomerate based in Mumbai, India.
For more information, please visit www.novelis.com