Toyota Tsusho and Sumitomo form joint venture to supply steel blanks to Mazda Toyota Manufacturing

Toyota Tsusho America Inc., Southern Mobility Products, and SteelSummit Holdings (a Sumitomo Corp. of Americas subsidiary) have formed a joint venture called Madison Metal Processing (MMP) to operate a new $40 million, 110,000-square-foot factory near Huntsville, Alabama, to supply steel blanks to Mazda Toyota Manufacturing.

“Toyota Tsusho America Inc., Southern Mobility Products, and SteelSummit Holdings, a subsidiary of Sumitomo Corp. of Americas, announced that they are teaming in a joint venture called Madison Metal Processing (MMP) that will operate a new, USD 40 million, 110,000-square-foot factory near Huntsville,”marklines.com

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• marklines.com[Gen-AI Analysis] Toyota Tsusho, Sumitomo partner to supply steel blanks to Mazda Toyota Manufacturing - MarkLines Automotive Information & Gen-AI PlatformSep 1, 2021

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