UACJ

UACJ Corporation agreed to form a joint venture with CITIC Bohai Aluminum Industries and CITIC Dicastal to manufacture automotive aluminum extruded parts, starting with bumpers and battery casings, in China. UACJ will hold 40%, CITIC Bohai 51%, and CITIC Dicastal 9%.

UACJ Corporation reached a basic agreement to form a business alliance with CITIC Bohai Aluminum and CITIC Dicastal to establish a joint venture in China for manufacturing and selling automotive extruded aluminum parts, starting with bumpers and battery casings.

Constellium entered a binding agreement to acquire UACJ's 49% stake in Constellium-UACJ ABS joint venture in Bowling Green, Kentucky, for $100 million plus assumption of debt. The deal is expected to close by mid-January 2019.

UACJ plans to invest about 16 billion yen to expand its manufacturing site in Sakai, Fukui Prefecture, with a new automotive aluminum sheet plant. Construction starts January 2018, with production start in January 2020. Annual capacity is 100,000 tons, creating 50-60 local jobs.

UACJ Corp. announced a ¥37 billion (~$330 million) investment to expand its UACJ (Thailand) Rayong Works in Thailand, serving the can stock and automotive markets.

UACJ Corp. announced a $175 million investment to expand Logan Aluminum in Russellville, Kentucky, a joint venture with Novelis. The expansion includes melting equipment, a casting line by July 2018, and a cold rolling mill by April 2019, increasing capacity from 320,000 to 400,000 tons per year.

UACJ will invest $160 million (including a previously announced $50 million) to add a casting line and cold-rolling mill at its Tri-Arrows Aluminum facility in Kentucky, with the casting mill coming online in July 2018 and the cold-rolling mill in April 2019.

UACJ will invest $320 million to add a casting line and other equipment at its Rayong Works in Thailand, increasing production to 320,000 tons per annum by June 2019.

Japanese aluminum roller UACJ announced it will spend 55 billion yen ($488 million) to lift overseas production capacity by 40%, with investments in the U.S. and Thailand.

Constellium N.V. and UACJ Corporation celebrated the official opening of their new 225,000 sq ft manufacturing plant in Bowling Green, Kentucky, which will supply 100,000 tonnes of aluminum automotive body sheet annually to the North American automotive industry.