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Fairmont Today
By the People, for the People
European Aluminum Foil Maker Buys Shuttered Novelis Plant
Assan Alüminyum subsidiary Kibar Americas acquires Fairmont, West Virginia facility closed in 2025.
Apr. 1, 2026 at 5:20pm
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Assan Alüminyum, one of Europe's largest aluminum foil manufacturers, has purchased the former Novelis plant in Fairmont, West Virginia through its subsidiary Kibar Americas. The facility, which closed in March 2025 resulting in around 200 job losses, will now be evaluated by Kibar for potential redevelopment and future production of high-quality aluminum foil products.
Why it matters
The acquisition marks a strategic expansion for Assan Alüminyum into the U.S. market, allowing the company to become a local producer and global player in the aluminum industry. It also represents an opportunity to revitalize the shuttered Fairmont plant and potentially bring back manufacturing jobs to the area.
The details
Kibar Americas, the U.S. subsidiary of Turkey's Kibar Holding, will immediately begin evaluating options for the future use of the Fairmont facility. The plant will be assessed to determine how it can best support Kibar's current and future business objectives, with a focus on sustainable production, digitalization, and environmental responsibility. Kibar plans to collaborate with utility partners to ensure the facility's energy supply aligns with potential redevelopment plans.
- The Novelis plant in Fairmont closed in March 2025, resulting in around 200 job losses.
- Assan Alüminyum, through its Kibar Americas subsidiary, has now purchased the shuttered facility.
The players
Assan Alüminyum
One of the largest manufacturers of aluminum foil in Europe.
Kibar Americas
The U.S. subsidiary of Turkey's Kibar Holding, which has acquired the former Novelis plant in Fairmont, West Virginia.
Haluk Kayabaşı
CEO of Kibar Holding.
Atilla Cetinel
COO of Kibar Americas.
Novelis
The aluminum company that previously operated the Fairmont, West Virginia plant, which closed in March 2025.
What they’re saying
“It is important to the Kibar Group, as well as to our customers and other stakeholders that we continue to build on our strong industrial foundation by expanding our international presence.”
— Haluk Kayabaşı, CEO of Kibar Holding
“The West Virginia plant will produce high-quality aluminum foil for applications including automotive fin stock, HVAC fin stock, food-grade foil containers, and industrial foil. We will begin a detailed evaluation of all options for the future use of the facility. This acquisition will significantly enhance our ability to serve customers locally and expand into key end-use markets.”
— Atilla Cetinel, COO of Kibar Americas
What’s next
Kibar Americas will immediately begin evaluating options for the future use of the Fairmont facility, including collaborating with utility partners to ensure the plant's energy supply aligns with potential redevelopment plans.
The takeaway
The acquisition of the shuttered Novelis plant in Fairmont, West Virginia by European aluminum foil manufacturer Assan Alüminyum through its Kibar Americas subsidiary represents a strategic move to expand the company's global footprint and production capabilities. It also offers an opportunity to revitalize the local economy and potentially bring back manufacturing jobs to the area.
