Novelis announced the investment of over $7 million to hire 37 new employees and restart several pieces of idled equipment at its manufacturing facility in Terre Haute, Indiana.
The expansion of the plant is said to produce aluminium for household foil applications later this year, after recently securing several multi-year agreements with key customers. Novelis is actively seeking qualified candidates for positions, including operators, mechanics, electricians, engineers and other operational leadership roles.
Ryan Smith, Plant Manager commented on the company’s investment,
“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,”Ryan Smith, Plant Manager
Novelis halted the production of household foil in 2014 due to 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 where unfairly priced aluminium foil had been imported to the states. Since the success of these cases, interest in household foil produced in the U.S. has increased, giving Novelis confidence to reenter the market, create jobs and invest in its operations.
The Indiana Economic Development Corporation has offered Novelis up to $475,000 in conditional tax credits based on the company’s job creation plans. These tax credits are performance-based. 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.
Several officials weighed in on the investment. Jim Staton, SVP and chief business development officer for the Indiana Economic Development Corporation, said,
“Novelis contributes to our state’s strong and diversified manufacturing sector, … I applaud Novelis for being innovative and adapting to the current market to grow their operations.”Jim Staton, SVP and chief business development officer for the Indiana Economic Development Corporation
Senator Todd Young added,
“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 Todd Young
Senator Mike Braun commented,
“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,”Senator Mike Braun
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