The day after a third fire at the Novelis aluminum plant in Oswego County, New York, Ford Motor (F) assured investors that the fire has not impacted its profit and free cash flow outlook for full year 2025.
“As of this morning, the cold mill and heat treatment operations at the Novelis Oswego plant are back up and running,” Ford (F) and Novelis said in joint statement filed with the U.S. Securities and Exchange Commission.
To mitigate any impact from the fire, Novelis will “continue to leverage alternate sources, including its global network of plants and industry peers,” the statement continues.
Accordingly, Ford (F) reaffirmed its FY25 adjusted EBITDA guidance of $6B to $6.5B and adjusted FCF of $2B to $3B.
After the September fire at the Novelis plant, Ford (F) warned that the disruption to aluminum supplied to the automaker would cost the company as much as $1 billion.
The New York Novelis plant supplies almost two-thirds of the aluminum used in the manufacture of Ford’s F-150 lineup and up to 40% of the aluminum used in the auto industry.