Novelis has announced to restart production of household foilat its manufacturing facility in Terre Haute, Indiana.
For the restart of production of household foil, the company is investing more than USD7m to hire 37 new employees and several pieces of idled equipment.
With this expansion, the plant will produce aluminium for household foil applications later this year after recently securing several multi-year agreements with key customers. Examples of these applications include products such as aluminium foil sheets and rolls used in commercial and residential kitchens. Novelis is actively seeking qualified candidates for available positions that include operators, mechanics, electricians, engineers and other operational roles.
Production of household foil stopped in 2014
Novelis stopped producing household foil in 2014 due to unfavourable market dynamics. Since then, the US Aluminum Association 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 for household foil produced in the US has increased and Novelis has decided to reenter the market, create jobs and invest in its operations.
The Indiana Economic Development Corp. offered Novelis up to USD475,000 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.