By Ashley M. Casey
Global aluminum rolling and recycling company Novelis will invest $120 million in the Oswego plant, the company announced Tuesday.
The investment will install a third aluminum automotive sheet finishing line and expand recycling for scrap metal.
“It’s a pretty big deal for us because the automotive market and aluminum (sheeting) is really growing,” said Fiona Bell, senior manager of external communications for Novelis.
Bell said Novelis took a “studied approach” in examining the automotive market and customer feedback before deciding on the Oswego plant for the expansion, which will add 90 jobs.
“It’s a wonderful investment … and it’s good for the community,” Bell said. “It shows our commitment to the Oswego plant.
Novelis received support from New York state and a grant from Empire State Development, the state’s chief economic development agency. Bell also credited the County of Oswego Industrial Development Agency (IDA) for its support in the project.
“We’re also upgrading our recycling abilities,” Bell added. “About half the aluminum (we use) ends up as scrap metal. We’re installing technology and processes to take back that scrap … and reprocess it.”
The aluminum Novelis processes is used in manufacturing doors, hoods, fenders and other parts for cars.
The new recycling initiative will make a car built by Novelis aluminum “a more sustainable product,” Bell said.
The company will invest an additional $85 million for a similar expansion at the Nachterstedt, Germany, plant.