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AMG Aluminum announces sale of ownership interest in Chinese joint venture
Edited by : AL CIRCLE
1 min read
AMG Advanced Metallurgical Group N.V. announces that AMG Aluminum has entered into a definitive agreement to sell its 45% equity interest in Nanjing Yunhai KB Alloys Co., Ltd to Nanjing Yunhai Special Metals Co., Ltd. The transaction is expected to close during the second quarter of 2013.
This is the next step in AMG Aluminum's strategy to streamline its organization and seamlessly 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, which is located in Jiaxing, China.
"The sale of YKB will enable AMG Aluminum to directly serve the growing Asia Pacific region with high quality products and world class technical capabilities that customers associate with AMG Aluminum", said Julien Crisnaire, President of AMG Aluminum.
This is the next step in AMG Aluminum's strategy to streamline its organization and seamlessly 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, which is located in Jiaxing, China.
"The sale of YKB will enable AMG Aluminum to directly serve the growing Asia Pacific region with high quality products and world class technical capabilities that customers associate with AMG Aluminum", said Julien Crisnaire, President of AMG Aluminum.
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