Key facts
- Novelis has restarted production at its Oswego, New York aluminum plant.
- The plant is a critical supplier for Ford's F-150 pickup trucks.
- Previous fires at the facility caused supply chain disruptions for automakers.
- Ford had to cut its 2025 profit forecast due to these supply issues.
- Novelis's parent company, Hindalco Industries, reported significant financial losses from the disruptions.
Novelis has restarted production at its Oswego, New York aluminum plant, a facility crucial for Ford's F-150 pickup trucks, after a series of fires had halted operations for months. The disruptions led to significant supply bottlenecks, prompting Ford to revise its 2025 profit forecast downwards and flag a potential charge of up to $2 billion. Novelis's parent company, India's Hindalco Industries, reported that these disruptions cost it approximately $437 million in the fourth quarter.
While Novelis also supplies aluminum to other automakers like Stellantis and General Motors, Ford's reliance on aluminum bodies for its flagship F-series trucks made the plant's downtime particularly impactful. Novelis had been attempting to mitigate the production shortfall by utilizing its plants in South Korea and Europe. Novelis CEO Steve Fisher emphasized the importance of the Oswego hot mill's restart for both the company's operations and its customers.