Novelis Expanding Automotive Aluminum Capacity
Novelis will invest an additional $205 million to build new aluminum automotive sheet finishing lines at its plants in Oswego, N.Y., and Nachterstedt, Germany. The two new lines will each have a capacity of 120,000 metric tons per year. By late 2015, when the new lines are scheduled to be commissioned, Novelis’ global automotive sheet capacity will reach approximately 900,000 tons per year. The company will create about 90 new jobs at its Oswego facility by installing a third finishing line and by expanding its recycling operations for automotive scrap. The new finishing line in Germany will create up to 120 new jobs. These projects are in direct response to rising global demand from automakers for aluminum sheet.