Nippon Light Metal and ITOCHU Metals to establish joint venture in Georgia for auto aluminum parts

Nippon Light Metal North America and ITOCHU Metals agreed to form a joint venture, Nippon Light Metal Georgia Inc., in Adairsville, Georgia, to develop, manufacture and sell aluminum suspension components for automobiles. The JV will have a capital of $16 million, with NLMNA owning 90% and ITOCHU Metals 10%.

“In establishing a new base in North America, Nippon Light Metals Group will seek to strengthen its global supply structure by drawing on ITOCHU Metals’ business experience and network.”itochu-metals.co.jp

• 2 sources
• itochu-metals.co.jpTopics｜ITOCHU Metals CorporationOct 24, 2019
• nikkeikinholdings.co.jpニュースリリース｜日本軽金属ホールディングス株式会社Oct 24, 2019

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