WSJ News Exclusive | Novelis Plans New Aluminum Plant to Meet Demand for Cans

  • 📰 WSJ
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 63%

United States Headlines News

United States Latest News,United States Headlines

Novelis said it intends to build the largest aluminum-rolling plant in the U.S. in nearly 40 years, to supply a growing market for beverage cans

, which provides empty cans to the beverage industry. The remaining third of the plant’s capacity will make aluminum sheet for the automotive industry.can-sheet production for years in favor of higher-margin aluminum for pickup-truck beds, trunk lids and other components, as auto makers switched to lighter-weight aluminum from steel to improve fuel economy. The U.S. market for cans was mostly flat between 2010 and 2018, executives said.

Of the new beverages introduced in the U.S. market in recent years, three-quarters are sold in cans, including flavored carbonated water, wine, energy drinks and drinks mixed with liquor, Novelis said. Novelis said the Alabama plant will cost about $2.5 billion and is expected to start operations in 2025. The plant will eventually employ up to 1,000 people. Mr. Fisher said the plant will be built with the expectation that it will be expanded within a few years of opening.

“This is a huge relief for us to see further investment,” said Dan Fisher, Ball’s chief executive, about the Alabama plant. “We’ll need at least one more facility this size, if not two, to keep pace with the growth by 2030.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

With all the uneducated south americans in this country we need more manufacturing jobs. There are only so many landscaping jobs

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Over 20 investment funds hold Dash, and 40 more plan to add it: Report
Source: Cointelegraph - 🏆 562. / 51 Read more »

City planner says 40-year-old major thoroughfare plan needs an updateSan Antonio's guide for all things involving the future development of streets, access, rights-of-way and corridors was completed in 1978.
Source: SAReport - 🏆 252. / 63 Read more »

Inflation Might Have Dipped Last Month in US After 40-Year HighThe government is expected to report Wednesday that consumer prices jumped 8.1% last month compared with a year earlier.
Source: NBCLA - 🏆 319. / 59 Read more »

Teddi Mellencamp, 40, reveals she got a neck lift“your [sic] getting a face lift to remind those of us who need one who can’t afford one how ugly we are,” wrote one critic of Mellencamp going under the knife. who?/who cares? ... and a facelift, judging by the bandages She is so boring. Even this won’t help her
Source: PageSix - 🏆 320. / 59 Read more »

Plan for 40-day closure of A-1 Mountain Road Bridge over Interstate 40 in Flagstaff scheduled for May 2 - June 10
Source: ArizonaDOT - 🏆 264. / 63 Read more »

40% of U.S. Baby Formula Supplies Out of StockThe U.S. baby formula shortage appears to be growing worse and may remain that way for some time.
Source: WebMD - 🏆 709. / 51 Read more »