# 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.

- Type: Investment
- Announced: 2017-09-15
- Where: United States
- Value: $360.0M
- Starts operating: 2021
- Status: announced
- Products: rolled aluminum for heat exchangers
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Mitsubishi Materials](https://endata.com/companies/8627.md)
- [Gränges](https://endata.com/companies/3224.md) (partner)

## Sources

- [worldal.com](http://www.worldal.com/news/japan/2017-09-18/150570716453888.shtml), 2017-09-18: "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."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.