AMG Advanced Metallurgical Group N.V. (AMVMF.PK) Monday said AMG Aluminum has entered into a definitive agreement to sell its 45 percent equity interest in Nanjing Yunhai KB Alloys Co., Ltd or YKB to Nanjing Yunhai Special Metals Co., Ltd. The transaction is expected to close during the second quarter.
According to the company, this is the next step in AMG Aluminum's strategy to streamline its organization and support its global customers, particularly in the Asia Pacific region. AMG Aluminum will continue to serve this region through its wholly owned subsidiary, AMG Aluminum China, located in Jiaxing, China.
AMG Aluminum is a provider of aluminum master alloys and grain refiners for the aluminum industry. It has over 350 employees and five ISO 9001 manufacturing plants in Brazil, China, the U.K. and the U.S.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.