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Toyota Tsusho Corp. and Wise Metals Group enter a Memorandum of Understanding

November 2013 - Toyota Tsusho Corp. and Wise Metals Group LLC announced today that they have entered into a Memorandum of Understanding to study the feasibility of creating a joint-venture for the purpose of producing aluminum sheet for use in the automotive industry. A third party will also participate in providing technological and management support for the study. It is expected that the feasibility study will be completed by March 2014.

The aluminum sheet would be produced at Wise's facility in Muscle Shoals, AL.

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