News Summary
A significant fire at the Novelis aluminum plant near Oswego has raised fears of earnings losses for Ford, potentially reaching $1 billion. The fire, which started late on September 16, caused major damage to a key part of the facility. Although all employees evacuated safely, the plant’s hot mill will remain non-operational until early 2026, posing supply chain challenges for Ford’s F-150 production. Ford is actively looking for alternative aluminum sources as it prepares for its upcoming quarterly earnings report.
Oswego, NY – A significant fire at the Novelis aluminum plant located near Oswego has raised concerns over potential earnings losses for Ford Motor Co., estimated to reach up to $1 billion. The fire occurred around 10 p.m. on September 16, causing considerable damage to a vital area of the facility. Firefighters from over 20 departments battled the blaze, which was contained to the roof of the plant’s hot mill, where aluminum ingots are transformed into sheets of rolled aluminum. The firefighting efforts took four hours to completely extinguish the flames.
Fortunately, all workers safely evacuated the plant, which is known to be one of the largest employers in Oswego County. Novelis later confirmed that the hot mill will remain non-operational until the first quarter of 2026 due to the extensive structural damage incurred.
Although the plant’s 1,150 employees have returned to work while repairs are initiated, the incident poses significant supply chain issues for Ford. The Scriba plant, owned by Novelis, primarily supplies aluminum for the body panels of Ford’s best-selling F-150 trucks. This disruption in the aluminum supply chain may impact Ford’s production capabilities and is projected to result in a substantial financial hit.
Ford has acknowledged the potential for production delays and is actively seeking alternatives to mitigate the disruptions. The automaker has indicated that Novelis is just one of several aluminum suppliers in its network, but the loss of supply from the Scriba plant remains a critical concern.
In response to the incident, Novelis is exploring options to source materials from its global facilities to lessen the impact on the supply chain and its customers while the Scriba plant is non-functional. The fire’s cause is still under investigation, and further details are expected as the inquiry progresses.
The Novelis facility had transitioned from producing aluminum beverage cans to serving the automotive sector in 2014, specifically catering to the needs of manufacturers like Ford. The use of aluminum in truck body panels is a crucial component of Ford’s strategy to reduce vehicle weight, achieving a reduction of approximately 700 pounds per truck, which enhances fuel efficiency and overall performance.
Ford is set to announce its quarterly earnings report on October 23, and analysts are closely monitoring the situation to assess the impact this fire may have on the automaker’s financial performance.
Deeper Dive: News & Info About This Topic
HERE Resources
Novelis Aluminum Plant Fire Disrupts Automotive Production
Fire at Novelis Aluminum Plant Disrupts Auto Supply Chain
Tariff Exclusions Considered to Boost Housing Market
Auto Tariffs Eased: A Positive Shift for Car Enthusiasts
Additional Resources
- Syracuse.com: Fire at Novelis Aluminum Plant
- Wikipedia: Aluminum
- Syracuse.com: Mattress Retailer Closing
- Google Search: Mattress retailer closures
- Syracuse.com: First Woman Managing Partner
- Google Scholar: Management partnerships
- Syracuse.com: Mitch Nelson Earns Recognition
- Encyclopedia Britannica: Business
- Syracuse.com: Deka Eysaman Leadership News
- Google News: Community growth foundations
Author: STAFF HERE NEW YORK WRITER
The NEW YORK STAFF WRITER represents the experienced team at HERENewYork.com, your go-to source for actionable local news and information in New York, the five boroughs, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as New York Fashion Week, Macy's Thanksgiving Day Parade, and Tribeca Film Festival. Our coverage extends to key organizations like the Greater New York Chamber of Commerce and United Way of New York, plus leading businesses in finance and media that power the local economy such as JPMorgan Chase, Goldman Sachs, and Bloomberg. As part of the broader HERE network, including HEREBuffalo.com, we provide comprehensive, credible insights into New York's dynamic landscape.
