Shandong Nanshan Aluminum and Figeac Aero to form aerospace JV

Shandong Nanshan Aluminum Co., Ltd. signed a key terms agreement with Figeac Aero on March 10, 2018, to form a joint venture named Nanshan Figeac Aero Aerospace Parts Co., Ltd. The JV, with a registered capital of $20 million (50/50 split), will produce aerospace machined parts such as beams, rails, and stringers.

“The joint venture is conducive to the company's extension of the industrial chain and the use of aluminum alloy material technology advantages to provide customers with more value-added services.”epaper.cs.com.cn

• 1 source
• epaper.cs.com.cn山东南山铝业股份有限公司对外投资前期公告Mar 14, 2018

Summarized from public sources; check the original articles before acting on it.