Constellium has sold its ownership stake in its automotive structures joint venture in Changchun, China, together with its partner, to a Chinese automotive holding company.
The Changchun facility produces aluminium crash management systems and other structural components for the Chinese automotive market and employs around 200 people.
Stephane Corre, President of Constellium’s Automotive Structures and Industry Business Unit, said: “This transaction supports Constellium’s Vision 2028 strategy and our efforts to optimise our footprint and enhance overall competitiveness.
“This decision allows us to focus our resources where we can best serve our automotive structures customers and create long-term value.”
The terms of the transaction were not disclosed.
