Trimet sells remaining shares in automotive business
Trimet Aluminium SE has sold its shares in Bohai Trimet Automotive Holding GmbH to the majority shareholder Bohai Automotive Systems Co, Ltd.
Until now, Trimet held a 25 % stake in the specialist for die-cast components. In 2018, the family-owned company had transferred its automotive division into a joint venture with Bohai Automotive Systems in order to open up international prospects for the division, because globally active car manufacturers increasingly rely on system suppliers that also have a global presence. Bohai Automotive Systems is a globally active automotive supplier based in China.
Automotive locations in Germany are internationally competitive
“The cooperation with Bohai Automotive Systems has developed well in recent years, and the automotive locations in Germany are competitive in the international market. It is therefore consistent that Bohai Automotive Systems is now taking over this area completely,” says Philipp Schlüter, chairman of the executive board of Trimet Aluminium SE.
Bohai Trimet Automotive Holding supplies well-known manufacturers and suppliers to the automotive industry with customized lightweight components made of aluminium. At the Harzgerode and Sömmerda sites in Germany, a total of around 800 employees produce sophisticated die-cast parts for vehicle construction.
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