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January 23, 2014
05:30 EDTCSTMConstellium, UACJ plan to creat JV to produce Body-in-White aluminium sheet
Constellium and UACJ Corporation announced that they are joining forces with a view to supply and market aluminum Body-in-White sheet to the North American automotive industry. To achieve this goal, Constellium and UACJ, through Tri-Arrows Aluminum, UACJ's subsidiary with Sumitomo Corporation and Itochu Group, intend to create a joint venture company in the United States, as an equal partnership, to serve the North American market. The JV is expected to include a continuous heat treatment and conversion line with an initial target capacity of 100,000 metric tons supplied by cold rolled coils from both partners' rolling mills. The planned facility is designed to allow for expansion beyond 100,000 tons. The total joint investment by both parties is expected to amount to approximately $150M. Constellium and UACJ are working toward signing a definitive agreement in the first half of 2014.
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