US aluminium sheet maker Novelis said Monday it had invested $48 million investment in its automotive scrap aluminium recycling facility in Oswego, New York.
The company said the Oswego facility would meet increased demand for aluminium automotive sheet in North America.
President Novelis North America, Marco Palmieri said: “This investment will help us meet new demands of automakers as they turn towards lightweight aluminium to create more fuel-efficient vehicles.”
The investment at the Oswego facility includes a new 81,000 square-foot building capable of processing, sorting and storing automotive scrap aluminium.