The investment in four new annealing ovens will increase efficiency by enabling maximum utilization of existing rolling mills focused on light-gauge aluminium foil. It will also lead to a reduced carbon footprint driven by more energy efficient ovens and the use of renewable electricity through a partnership with the local utility company Entergy.
“Newport specializes in producing technologically advanced aluminium foil products for customers in a span of foil markets. Our dedication to serving our customers is unwavering, and we anticipate a positive reception from our customers with this capacity improvement. We remain committed to investing in quality, capabilities, and in our Newport employees to ensure continued success,” says Patrick Lawlor, President Gränges Americas.
Gränges is the largest producer of aluminium foil in North America. The investment in the annealing ovens builds upon Gränges’ previous investments in expansion into the aluminium foil market in the region and is planned to come on line 2024. In 2018, Gränges announced an investment of USD $26 Million in three new rolling mills and equipment focused on light-gauge aluminium foil markets. All mills in Newport are fully operational today