On 27th July 2021, the global leader in aluminium rolling and recycling, Novelis is investing more than $7 million to recruit 37 new employees and resumes the several pieces of idled equipment at its manufacturing facility in Terre Haute, Indiana.
The plant with this expansion will produce aluminium for household foil applications later this year after recently securing several multi-year agreements with key customers. The applications include products such as aluminium foil sheets and rolls used in commercial and residential kitchens.
Ryan Smith, Plant Manager, said: "Novelis has been a strong community partner here in the Wabash Valley for more than 60 years and this investment solidifies not only our leadership position in the aluminium foil market but also our commitment to bringing new, sustainable jobs to this region."
In 2014, Novelis ceased producing household foil due to adverse market dynamics. Since then, the U.S. Aluminum Association's Trade Enforcement Working Group, of which Novelis is a member, has filed antidumping and countervailing duty cases against several countries from which unfairly priced aluminium foil has been imported into the United States. Since the success of these cases, interest in household foil produced in the U.S. has increased and Novelis has decided to re-enter the market, create jobs and invest in its operations.
The Indiana Economic Development Corporation offered Novelis up to $475,000 in conditional tax credits based on the company's job creation plans. These tax credits are performance-based, meaning the company is eligible to claim incentives once residents of Indiana are hired. The Terre Haute Economic Development Corporation approved additional incentives. The WorkOne Center of Western Indiana will also support Novelis' hiring efforts and offer eligible, unemployed workers funding for on-the-job training.
Jim Staton, SVP and CBDO for the Indiana Economic Development Corporation, said: "Novelis contributes to our states’ strong and diversified manufacturing sector, which boasts more than 9,000 facilities across Indiana. These manufacturers provide thousands of quality Hoosier jobs, and I applaud Novelis for being innovative and adapting to the current market to grow their operations."
Senator Todd Young said: "Hoosiers are grateful for Novelis' continued investment in Terre Haute. This is great news for the workers and economy of West Central Indiana as we work to make the U.S. more competitive in this industry including through expanded market access.”
Senator Mike Braun said: "When workers are allowed to compete in a fair environment, everyone wins and our country flourishes. I'm glad to hear that Novelis is continuing to invest in Indiana and creating 37 new jobs for Hoosiers in Terre Haute. Hoosier manufacturing is the foundation of Indiana's pro-growth economy, and Indiana continues to be the destination for expanding and growing American business."
Congressman Larry Bucshon said: "As the most manufacturing intensive state in the United States, hardworking Hoosiers generate billions of dollars in goods and exports for our country. This investment by Novelis builds on our robust manufacturing industry to strengthen our Hoosier economy, expand jobs in Terre Haute, and revitalize their facility. I want to thank Novelis for their investment in West Central Indiana and look forward to seeing their operation grow."
The Terre Haute facility of Novelis produces light-gauge aluminium used for several end markets and products employ 155 staff. During the COVID-19 pandemic, the facility has maintained full employment.
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