Novelis completes $48 million investment at Oswego scrap recycling facility

Published: Jan 29, 2015 09:57
Novelis Inc.,-the Atlanta-head quartered global aluminum company announced that it has completed massive investment at its Oswego automotive scrap recycling facility in New York.

 Author: Paul Ploumis28 Jan 2015 Last updated at 11:22:59 GMT

 
ALBANY (Scrap Monster): Novelis Inc.,-the Atlanta-head quartered global aluminum company announced that it has completed massive investment at its Oswego automotive scrap recycling facility in New York. The $48 million investment is expected to equip the company in catering to the growing demand for aluminum automotive sheets.
 
The recent investment includes construction of 81,000 square-foot building to process, sort and store automotive scrap aluminum generated by the Oswego aluminum plant. Significant improvements were carried out in road infrastructure and facilities. The investment will help the facility to meet the increased demand for lightweight aluminum components from North American automakers. Once fully operational, the plant is expected to process nearly 10,000 metric tons of recycled scrap per month.
 
The regulatory policy in the US to cut carbon emissions may likely prompt automakers to use more aluminum. More vehicles are likely to have aluminum bodies. The company is already a supplier of aluminum sheets to Ford’s Ford-150 pickup truck- one of the most popular models in North America. The new emission rules in Europe may boost the use of aluminum sheet in automobiles by nearly five-fold to 1.8 million tons by 2020. The sheet sales to carmakers including Audi and Ford are likely to rise over three-fold.
 
Over the past five years, Novelis has made investments of nearly $400 million and has hired over 430 employees at the Oswego facility. Also, the company expects to create at least 250 more jobs at the facility by 2020.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
"Premier Li Qiang Leads State Council Meeting on Enhancing Effective Investment, Boosting Economic Growth"
Feb 6, 2026 23:56
"Premier Li Qiang Leads State Council Meeting on Enhancing Effective Investment, Boosting Economic Growth"
Read More
"Premier Li Qiang Leads State Council Meeting on Enhancing Effective Investment, Boosting Economic Growth"
"Premier Li Qiang Leads State Council Meeting on Enhancing Effective Investment, Boosting Economic Growth"
Premier Li Qiang presided over an executive meeting of the State Council to study policy measures for promoting effective investment. The meeting noted that promoting effective investment plays an important role in stabilizing economic growth and strengthening momentum for development. It is necessary to innovate and improve policy measures, and intensify efforts to enhance the efficiency of utilizing funds such as central budget investments, ultra-long-term special treasury bonds, local government special bonds, and new-type policy-based financial instruments. In conjunction with formulating and implementing the 15th Five-Year Plan
Feb 6, 2026 23:56
"Guided by Xi Jinping Thought, Implement 20th CPC Congress Spirit, Apply New Development Philosophy...
Feb 6, 2026 23:54
"Guided by Xi Jinping Thought, Implement 20th CPC Congress Spirit, Apply New Development Philosophy...
Read More
"Guided by Xi Jinping Thought, Implement 20th CPC Congress Spirit, Apply New Development Philosophy...
"Guided by Xi Jinping Thought, Implement 20th CPC Congress Spirit, Apply New Development Philosophy...
Guided by Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, we will thoroughly implement the spirit of the 20th National Congress of the Communist Party of China and the plenary sessions of the Party’s 20th Central Committee, fully and faithfully apply the new development philosophy, strengthen top-level design, build computing power interconnection nodes oriented toward national hub periods, major strategic regions, and key industries, establish a system of computing power interconnection nodes, improve the efficiency and service level of public computing power resources, and promote high-quality development of computing power.
Feb 6, 2026 23:54
Indirect Iran-US Nuclear Talks in Muscat Show Progress, Omani FM Mediates Tense but Efficient Discussions
Feb 6, 2026 23:47
Indirect Iran-US Nuclear Talks in Muscat Show Progress, Omani FM Mediates Tense but Efficient Discussions
Read More
Indirect Iran-US Nuclear Talks in Muscat Show Progress, Omani FM Mediates Tense but Efficient Discussions
Indirect Iran-US Nuclear Talks in Muscat Show Progress, Omani FM Mediates Tense but Efficient Discussions
After intensive indirect consultations, the new round of nuclear talks between Iran and the US in Muscat, the capital of Oman, has achieved phased progress. It is reported that during this round of talks, the Iranian and US delegations did not meet directly. Instead, Omani Foreign Minister Badr acted as an intermediary, conveying a series of core proposals, strategic concerns, and policy positions to the other side. The atmosphere at the talks was tense yet efficient. According to preliminary on-site assessments, although both sides continue to negotiate over specific terms, they have reached a consensus on the key objective of "continuing dialogue."
Feb 6, 2026 23:47
Novelis completes $48 million investment at Oswego scrap recycling facility - Shanghai Metals Market (SMM)