Mitsubishi Materials plans $360M aluminum production JV in the US

Mitsubishi Materials is exploring a partnership with Sweden's Granges to invest up to 40 billion yen ($360 million) in rolled aluminum production for heat exchangers in the US. The two companies are in final negotiations to establish a joint venture by 2018, with production targeted by 2021.

“Mitsubishi Materials is exploring a partnership in aluminum production for cars in the U.S., the company announced Friday, as automakers demand lighter materials to make vehicles that meet stricter emission standards.”worldal.com

• 1 source
• worldal.comMitsubishi Materials to roll out automotive aluminum in the US - Japan - Worldal.comSep 18, 2017

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