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Constellium has sold its ownership stake in its automotive structures joint venture in Changchun, China, along with its partner, to a Chinese automotive holding company.
{alcircleadd}The Changchun facility manufactures aluminium crash management systems and other structural components for the Chinese automotive market. It employs around 200 people.
The company said that the transaction is part of its Vision 2028 strategy to optimise its manufacturing footprint and improve competitiveness.
According to Stephane Corre, President of Constellium's Automotive Structures and Industry business unit, “This decision allows us to focus our resources where we can best serve our automotive structures customers and create long-term value.”
The financial terms of the transaction were not disclosed.
Constellium manufactures aluminium products for the aerospace, packaging and automotive industries. The company reported USD 8.4 billion in revenue in 2025.
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Following a stronger-than-expected start to the year, Constellium recently raised its 2026 guidance. The company now expects segment-adjusted EBITDA of USD 900 million to USD 940 million and free operating cash flow of more than USD 275 million.
The company has also attracted mixed views from analysts. UBS initiated coverage with a Buy rating and a USD 38 price target, while JPMorgan downgraded the stock to Neutral from Overweight and raised its price target to USD 34.
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