Novelis Inc. says it’s seeing a limited impact from the import tariffs placed on aluminum crossing into the U.S.
The company, which operates a large plant in Scriba, sources about one-third of its aluminum from Canada and the other two-thirds from recycled scrap.
“In the near term it wouldn’t have a huge impact on the business. Unfortunately with a higher tariff that’s going to mean higher prices to our customers and end consumers,” said CEO Steven Fisher, appearing on MSNBC in March.
“Novelis is experiencing strong demand for high-strength, lightweight aluminum from our customers across the automotive, beverage can and specialties markets. As a result, our team in Oswego recently achieved several records in production while maintaining safe and efficient operations.
Novelis is seeing a limited impact from the import tariffs on metal crossing the border into the U.S. and to offset this, we have applied for product exclusions from the Department of Commerce.” –
Director, Communications & Government Affairs, North America
Novelis’ Scriba plant employs about 1,200 people and specializes in second stream aluminum processing.
“We just finished a $10 million upgrade to one of our recycling facilities,” said Plant Manager, Kevin Shutt.
Despite the tariffs, Shutt said the plant recently hit a record production number in October and is also investing $13.5 million on a new exhaust system.
“Automotive demand is very strong. Right now we are in a great position, we have more sales than we have capacity, so every pound that we can produce we can sell,” said Shutt.
In a statement to NewsChannel 9, the company did add they will be applying for product exclusion from the Department of Commerce.