Novelis Inc. announced that it is investing approximately $9 million in its Oswego, N.Y., plant to increase production of aluminum sheet ingot – the starter stock for the rolling process. The new ingot production will be brought on line within 12 months.
The investment will include the installation of an aluminum melting furnace with state-of-the-art technology that will provide increased energy efficiency and reduced cycle time. This investment is part of Novelis' ongoing program to secure long-term, low-cost sheet ingot supply for its operations.
Novelis to Invest $9 Million
July 31, 2007