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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.
Volkswagen Group placed an order for aluminum extrusions from ST Extruded Products Group (STEP-G) in Germany, the largest single order in the company's history. The order includes a double-digit million euro investment for modernizing the STEP-G plant in Bonn, Germany, to produce battery frame components for Volkswagen's MEB platform.