Novelis forms joint venture with Kobe Steel for Ulsan facility

Novelis Inc. entered into a joint venture agreement with Kobe Steel, Ltd., selling 50% ownership in its Ulsan, South Korea facility for $315 million. The joint venture, Ulsan Aluminum, Ltd., will jointly own and operate the facility.

“By entering into this joint venture, we are able to leverage our deep experience with other successful joint ventures to more efficiently serve our customers and increase our strategic flexibility.”investors.novelis.com

• 8 sources
• investors.novelis.comNovelis Enters Joint Venture with Kobe Steel in South Korea :: Novelis Inc.May 9, 2017
• kobelco.co.jpKobe Steel and Novelis Korea to establish joint venture | KOBE STEEL, LTD.May 10, 2017
• prnewswire.comNovelis Enters Joint Venture with Kobe Steel in South KoreaNovelis Inc.May 10, 2017
• business-standard.comNovelis sells 50% stakes of Ulsan facility to Japan's Kobe Steel at $315 mn | Company News - Business StandardBS ReporterMay 10, 2017
• thehindu.comBirla’s Novelis sells 50% in S.Korea unit to Kobe Steel - The Hindu

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