Reuters logo
BRIEF-Novelis enters joint venture with Kobe Steel in South Korea
May 10, 2017 / 2:08 AM / 5 months ago

BRIEF-Novelis enters joint venture with Kobe Steel in South Korea

May 9 (Reuters) - Novelis Inc

* Novelis enters joint venture with Kobe Steel In South Korea

* Novelis says JV, to be named Ulsan Aluminum will be formed by selling Kobe Steel 50 percent of interest in its Ulsan, South Korea facility for $315 million

* Novelis and Kobe Steel will jointly own and operate Ulsan facility, with each remaining responsible for its metal supply and commercial relationships

* Novelis says joint venture transaction is expected to close in september 2017 Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below