# Gränges halts plans for joint venture with Mitsubishi Aluminum in North America

Gränges AB has decided to halt plans for a joint venture with Mitsubishi Aluminum Co., Ltd in North America for manufacturing advanced aluminium materials for brazed automotive heat exchangers, citing insufficient risk-reward attractiveness.

- Type: Closure
- Announced: 2018-08-17
- Where: North America, United States
- Status: cancelled
- Products: advanced aluminium materials for brazed automotive heat exchangers
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Gränges](https://endata.com/companies/3224.md)
- [Mitsubishi Aluminum](https://endata.com/companies/8628.md) (partner)

## Sources

- [granges.com](https://www.granges.com/newsroom/press-releases/2018/granges-halts-plans-for-a-joint-venture-in-north-america3/), 2018-08-17: "Gränges has decided to halt the plans for a joint venture in North America, as the project isn't sufficiently attractive for Gränges from a risk-reward perspective given the current circumstances."

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