# Etem Group and Gestamp Group form joint venture for aluminum extrusion

Etem Group and Gestamp Group entered into an agreement in 2019 to create a joint venture focused on extrusion and processing of aluminum profiles for the automotive industry. The joint venture, Gestamp Etem Automotive Bulgaria AD, has an investment proposal in Bulgaria.

- Type: Partnership
- Announced: 2021-02-26
- Where: Bulgaria
- Status: announced
- Products: aluminum profiles
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Gestamp](https://endata.com/companies/16876.md) (partner)
- [Etem Group](https://endata.com/companies/53502.md) (partner)

## Sources

- [etemgestamp.com](https://etemgestamp.com/company/), 2021-02-26: "Since 2019, Etem Group and Gestamp Group have entered into an agreement concerning the creation of a joint venture focused on the extrusion and processing of aluminum profiles in the automotive industry."

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