# Etem Bulgaria and Gestamp form JV for aluminium automotive profiles

Etem Bulgaria, a Viohalco subsidiary, signed an investment agreement with Gestamp to form joint ventures for extruding and processing aluminium profiles for the automotive industry. Around EUR 30 million will be invested in a new extrusion line and machinery in Bulgaria.

- Type: Partnership
- Announced: 2019-01-10
- Where: Bulgaria, Bulgaria
- Value: $34.5M (30.0M EUR)
- Status: announced
- Products: extruded aluminium profiles, aluminium profiles for automotive
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Viohalco](https://endata.com/companies/36663.md)
- [Etem Bulgaria](https://endata.com/companies/36664.md)
- [Gestamp](https://endata.com/companies/16876.md) (partner)

## Sources

- [alcircle.com](http://www.alcircle.com/news/viohalcos-bulgarian-unit-partners-with-gestamp-for-further-aluminium-business-development-41961), 2019-01-12: "Around 30 million euro will be invested in the programme."

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