Novelis Inc., Atlanta, announces completion of a $48 million investment in its automotive scrap aluminum recycling facility in Oswego, N.Y. The recycling investment includes a new 81,000 sq.-ft. building capable of processing, sorting, and storing automotive scrap aluminum. The facility features best-in-class scrap recovery and conversion technology. It will enable Novelis to process as much as 10,000 metric tons of recycled scrap per month.
It expands upon the company’s recent growth in Oswego to meet the increased demand for aluminum automotive sheet in North America. Over the past five years, Novelis has invested more than $400 million in Oswego and hired more than 430 new employees, with around 250 additional jobs planned by the year 2020.
“As the leader in automotive closed-loop recycling, one of our top priorities is to create a sustainable supply line between Novelis and automakers, which will preserve aluminum’s value, reduce greenhouse gases, and increase economic efficiencies for our customers,” said Marco Palmieri, President of Novelis North America. “This investment will help us meet new demands of automakers as they turn towards lightweight aluminum to create more fuel-efficient vehicles.”
Since 2011, Novelis has invested more than $550 million to raise its global automotive sheet capacity to 900,000 metric tons by the end of this year. Novelis predicts that sales of automotive aluminum, which currently represents about 9% of its total shipments, may climb to as much as 25% by 2020. To support the growing demand for automotive aluminum, Novelis will allocate approximately 80% of the Oswego facility’s capacity to the automotive market.
