Novelis Invests $120 Million In NY Expansion
SCRIBA, N.Y. (AP) — The world's largest producer of aluminum for the automobile industry is expanding again in upstate New York.
Novelis Inc. says it will invest $120 million to install a third aluminum automotive sheet finishing line and expand recycling of automotive scrap at its production plant near Oswego.
The company says the expansion will create 90 jobs at its facility in the town of Scriba, and other upgrades to the plant also will be made.
Novelis has been expanding its worldwide production of aluminum for the auto industry because car makers are increasing their use of the light-weight metal for structural components and exterior body panels to meet new fuel mileage standards.
The company says it's receiving financial incentives from the state and County of Oswego Industrial Development Agency for the expansion.