Steel Markets
August 10, 2021
Automotive Blanking Joint Venture Starting Up in Alabama
Written by Tim Triplett
Three companies with more than a century of experience in the U.S. steel and auto industries are teaming in a joint venture called Madison Metal Processing that will operate a new, $40 million factory near Huntsville, Ala. The companies collaborating in the venture are Toyota Tsusho America Inc., Southern Mobility Products and SteelSummit Holdings, a subsidiary of Sumitomo Corp. of Americas.
Beginning later this year, Madison Metal Processing (MPP) will supply steel blanks for up to 300,000 vehicles produced at the Mazda Toyota Manufacturing auto assembly plant in Huntsville. MMP will also provide steel products to other automotive suppliers.
