# Gränges terminates plans for aluminum JV with Mitsubishi Aluminum in US

Gränges, a Swedish aluminum profile maker, announced it had terminated plans to form a joint venture with Japan's Mitsubishi Aluminum in the United States to produce aluminum materials for brazed automotive heat exchangers, citing insufficient risk-reward attractiveness.

- Type: Closure
- Announced: 2024-01-15
- Where: United States
- Status: cancelled
- Products: aluminum 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

- [haythink.com](https://www.haythink.com/swedish-grangers-terminates-plans-to-establish-aluminum-joint-venture-with-mitsubishi-aluminum-in-the-u-s/), 2024-01-15: "Grange has decided to discontinue its plan to form a joint venture in North America because, given the current circumstances, the project is not attractive enough for Grange from a risk-reward perspective."

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