North America’s aluminum producer Novelis, plans to invest over $7mn for reviving and ramping up operations at its Terre Haute, Indiana factory.
The plant will undergo expansion and new equipment set up along with hiring 37 new employees to meet renewed output expectations.
Novelis through this investment will restart aluminum foils, sheets, and rolls production for domestic use. The company had idled operations in 2014 as a result of negative changes in the market. Novelis, however, decided to return to the market after interest for American-made household foil rose following unfair prices from exporters to the country.
Novelis has received almost $475,000 in conditional tax credits from the Indiana Economic Development Corporation to support its plans to create jobs. The Terre Haute Economic Development Corporation has also offered incentives to the company and WorkOne Center of Western Indiana will contribute to Novelis’ hiring endeavors by providing funding for on-the-job training for eligible persons. The company is seeking to hire operators, mechanics, electricians, engineers, and other operational leadership roles.