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STEP-G, a subsidiary of Sankyo Tateyama, signed agreements to acquire the casting business of Aluwerk Hettstedt GmbH and related distribution activities of RMG Metallfachhandel GmbH in Germany. The deal is expected to close on July 1, 2019, and will strengthen supply capabilities for automotive, aerospace, and rail segments.
STEP-G, a subsidiary of Sankyo Tateyama, received an order from Volkswagen for components for the battery frame of electric vehicles. The components will be manufactured at the STEP-G plant in Bonn, with total volume around 100,000 tons.