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    Building & Construction

    Constellium sells China auto JV

    Written by Stephanie Ritenbaugh


    Aluminum products manufacturer Constellium and its partner sold their stake in their automotive structures joint venture in Changchun, China, to a Chinese automotive holding company.

    The Constellium Engley (Changchun) Automotive Structures facility produces aluminum crash management systems and other structural components for the Chinese automotive market. The Changchun facility offers stamping, machining, laser cutting, riveting, robotic welding and heat treatment services. It employs about 200 people.

    Financial terms were not disclosed.

    The divestiture supports the company’s corporate strategy “and our efforts to optimize our footprint and enhance overall competitiveness,” said Stephane Corre, president of Constellium’s Automotive Structures and Industry business unit, in a statement. “This decision allows us to focus our resources where we can best serve our automotive structures customers and create long-term value.”

    That strategy, which the company dubbed Vision 2028, targets growth in aerospace, transportation/industry/defense, and packaging.

    Stephanie Ritenbaugh

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