AMSTERDAM, Oct. 18, 2016 /PRNewswire/ -- Constellium N.V.
(NYSE and Euronext: CSTM) announced today the official opening of a
new state-of-the-art finishing line at its plant in Neuf-Brisach,
France, for a total €180 million
investment. The new line is designed to meet the growing demand for
aluminium automotive body sheet.
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With a production capacity of 100,000 tons, the new 240m
(787-foot) long finishing line features high-speed thermal
treatment, precise temperature control, highly efficient quenching
process as well as greater flexibility on the thickness of
processed alloys. This diverse range of innovative technologies
will enable Constellium to manufacture high-quality aluminium
products for automotive closure inners, outers and Body-in-White.
The new finishing line is in the final stage of the qualification
phase and has already started commercial production.
"On the heels of the launch of our new manufacturing plant with
our joint venture partner UACJ Corporation in Bowling Green in the
US, the opening of the new finishing line in Neuf-Brisach is
another critical step in the execution of our worldwide automotive
growth strategy," said Jean-Marc
Germain, Chief Executive Officer of Constellium. "It shows
our continued commitment to serving the needs of automakers with
our advanced aluminium products and solutions."
"We are thrilled to announce the capacity expansion of our plant
in Neuf-Brisach with the opening of a best-in-class automotive
finishing line," said Arnaud Jouron,
President of Constellium's Packaging and Automotive Rolled Products
business unit. "With top-notch technologies, a long-standing
automotive expertise among our staff on both sides of the ocean,
and an additional line located in the heart of Europe, we are well positioned to capture the
growth for automotive body sheet in Europe and across the globe."
Built in 1967, the Neuf-Brisach plant is an integrated aluminium
rolling, finishing and recycling facility. In Neuf-Brisach,
Constellium designs and produces a wide portfolio of coil and sheet
products for automotive OEMs as well as food and beverage can
customers. Adding to the production capacity of aluminium
automotive body sheet in Neuf-Brisach, the opening of this
additional finishing line is expected to significantly boost
Constellium's automotive body-sheet production capacity in
Europe to meet anticipated
automotive market growth.
In Europe, stricter regulation
of vehicles' CO2 emission have resulted in an increasing
demand for aluminium. With the rising importance of lightweighting,
aluminium automotive body sheet volumes are expected to reach
700,000 tons in 2020, up from 230,000 tons in 2012.
About Constellium
Constellium (NYSE and Euronext: CSTM) is a global sector leader
that develops innovative, value added aluminium products for a
broad scope of markets and applications, including aerospace,
automotive and packaging. Constellium generated €5.2 billion of
revenue in 2015.
www.constellium.com
Forward Looking Statement
Certain statements contained in this press release may
constitute forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. This press
release may contain "forward looking statements" with respect to
our business, results of operations and financial condition, and
our expectations or beliefs concerning future events and
conditions. You can identify forward-looking statements because
they contain words such as, but not limited to, "believes,"
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"would," "could" and similar expressions (or the negative of these
terminologies or expressions). All forward-looking statements
involve risks and uncertainties. Many risks and uncertainties are
inherent in our industry and markets. Others are more specific to
our business and operations. These risks and uncertainties include,
but are not limited to, the ability of Constellium and Wise Metals
to achieve expected synergies and the timing thereof; the risk that
the businesses will not be integrated successfully or such
integration may be more difficult, time-consuming or costly than
expected; Constellium's increased levels of indebtedness as a
result of the acquisition of Wise Metals, which could limit
Constellium's operating flexibility and opportunities; the
potential failure to retain key employees as a result of the
acquisition of Wise Metals or during the integration of the
business, the loss of customers, suppliers and other business
relationships as a result of the acquisition of Wise Metals;
disruptions to business operations resulting from the acquisition
of Wise Metals; slower or lower than expected growth in the North
American market for Body-in-White aluminium rolled products and
other risk factors set forth under the heading "Risk Factors" in
our Annual Report on Form 20-F, and as described from time to time
in subsequent reports filed with the U.S. Securities and Exchange
Commission. The occurrence of the events described and the
achievement of the expected results depend on many events, some or
all of which are not predictable or within our control.
Consequently, actual results may differ materially from the
forward-looking statements contained in this press release. We
undertake no obligation to publicly update or revise any
forward-looking statement as a result of new information, future
events or otherwise, except as required by law.