Joint Venture with Bohai Automotive Systems
On December 13, 2017 Trimet Aluminium SE signed a joint venture agreement with Bohai Automotive Systems Co., Ltd (Bohai) for the materials specialist’s Automotive Division. Once this transaction is final, the Chinese automotive specialist will hold the majority of shares in Trimet Automotive Holding GmbH, which along with its subsidiaries at the plants in Harzgerode and Sömmerda manufactures high-quality die-casting components for vehicle construction. The transaction has yet to be approved by the supervisory authorities.
The goal of the joint venture with Bohai is to strengthen the international orientation of the Automotive Division as a system supplier for the globally operating automobile manufacturers, for whom China is a particularly important growth market. With the joint venture Trimet is effectively strengthening its automotive plants in Harzgerode and Sömmerda, making the jobs there future-proof.
Bohai Automotive is an internationally operating automotive supplier based in China. The largest shareholders of Bohai Automotive Systems are Beijing Hainachuan Automotive Parts Co., Ltd. (BHAP) and Beijing Automotive Group Co., Ltd. (BAIC). Bohai has more than 3,700 employees and predominantly manufactures pistons and other components for engines and vehicles.
Trimet Automotive supplies all renowned automobile manufacturers and suppliers with bespoke solutions and light constructional components. At its Harzgerode and Sömmerda plants a total of more than 1,000 employees produce roughly 13 million die-cast components per year, including mechatronic parts for automatic transmissions of the latest generation, structural components, motor blocks, and gearboxes. In addition to casting and mechanical processing, the company’s service range also focuses on research, development, and calculation of new aluminium components. This includes in-house tool design and mold construction.
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