Constellium sells stake in Chinese automotive structures JV

• Constellium (NYSE:CSTM) sold its ownership stake in an automotive structures joint venture in Changchun, China.
• The facility produces aluminum crash management systems and structural components for the Chinese market and employs about 200 people.
• The divestiture supports Constellium’s Vision 2028 strategy to optimize its footprint and focus resources on core strengths.

Constellium (NYSE:CSTM) announced the sale of its ownership stake in an automotive structures joint venture in Changchun, China, to a Chinese automotive holding company.

The facility produces aluminum crash management systems and structural components for the Chinese market and employs about 200 people.

Constellium stated the divestiture aligns with its Vision 2028 strategy to optimize its global footprint, enhance competitiveness, and focus resources where it can best serve automotive structures customers and create long-term value.

Terms of the transaction were not disclosed. =

Constellium is a global leader in the development and manufacturing of high-value added aluminum products and solutions for a broad range of markets, including automotive, aerospace, and packaging.

The company continues to execute on its strategic priorities, including portfolio optimization and targeted investments in high-growth areas.