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AMG Aluminum agrees to sell 45% equity interest In Nanjing Yunhai KB Alloys
Edited by : AL CIRCLE
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AMG Advanced Metallurgical Group N.V. said AMG Aluminum has entered into a definitive agreement to sell its 45 percent equity interest in Nanjing Yunhai KB Alloys Co., Ltd or YKB to Nanjing Yunhai Special Metals Co., Ltd. The transaction is expected to close during the second quarter.
According to the company, this is the next step in AMG Aluminum's strategy to streamline its organization and support its global customers, particularly in the Asia Pacific region. AMG Aluminum will continue to serve this region through its wholly owned subsidiary, AMG Aluminum China, located in Jiaxing, China.
AMG Aluminum is a provider of aluminum master alloys and grain refiners for the aluminum industry. It has over 350 employees and five ISO 9001 manufacturing plants in Brazil, China, the U.K. and the U.S.
According to the company, this is the next step in AMG Aluminum's strategy to streamline its organization and support its global customers, particularly in the Asia Pacific region. AMG Aluminum will continue to serve this region through its wholly owned subsidiary, AMG Aluminum China, located in Jiaxing, China.
AMG Aluminum is a provider of aluminum master alloys and grain refiners for the aluminum industry. It has over 350 employees and five ISO 9001 manufacturing plants in Brazil, China, the U.K. and the U.S.
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