# Novelis sells 50% stake in Ulsan plant to Kobe Steel, forms joint venture

Novelis sold a 50 percent stake in its Ulsan, South Korea, plant to Japan's Kobe Steel, creating a new joint venture.

- Type: Acquisition
- Announced: 2018-03-31
- Where: Ulsan, South Korea
- Status: completed
- Products: aluminum sheet
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Novelis](https://endata.com/companies/2475.md)
- [Kobe Steel](https://endata.com/companies/6583.md) (acquirer)

## Sources

- [globalatlanta.com](https://www.globalatlanta.com/novelis-profits-jump-amid-volatile-year-for-aluminum/), 2018-05-08: "It sold a 50 percent stake in its Ulsan, South Korea, plant to Japan’s Kobe Steel, creating a new joint venture."

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