Novelis Restarts Oswego Plant After 2 Fires, Easing Ford F-150 Aluminum Crunch
Updated
Updated · CNBC · Jun 10
Novelis Restarts Oswego Plant After 2 Fires, Easing Ford F-150 Aluminum Crunch
3 articles · Updated · CNBC · Jun 10
Summary
Months after two fires shut the site, Novelis restarted production at its Oswego, New York facility, a key aluminum source for Ford's F-150 pickup line.
Ford was hit hardest because its F-series trucks largely use aluminum bodies; the disruption helped force a 2025 profit-forecast cut and a warning of charges up to $2 billion.
Novelis said it is working with customers to ramp supply after relying on plants in South Korea and Europe to cover the outage.
Hindalco, Novelis' parent, said in May the Oswego disruption cost it about $437 million in the fourth quarter, underscoring the wider financial toll of the shutdown.