AMSTERDAM, May 11, 2017 /PRNewswire/ -- Constellium
N.V. (NYSE and Euronext Paris: CSTM) announced today the grand
opening of its new plant in White,
Georgia, dedicated to the production of advanced aluminium
automotive structural components and crash management systems. The
135,000 sq. ft. facility is strategically located to supply
automakers in the Southeast U.S. and may be expanded to 220,000 sq.
ft. to meet customers' supply needs in the future. Constellium
expects to have 150 employees in White,
Georgia, by 2019.
"I am very pleased to be in Georgia today to celebrate the opening of this
new plant, its state-of-the art manufacturing capability and
world-class team that is committed to work in partnership with our
automotive customers," said Paul
Warton, President of Constellium's Automotive Structures
& Industry business unit. "Being closer to our customers'
assembly plants will allow us to better serve automakers in their
mission to make vehicles lighter and safer and to respond to the
industry's growing demand for aluminium structural parts."
"On behalf of Constellium, I would like to extend our gratitude
to the State of Georgia,
Bartow County, our local partners
and employees for their strong support in establishing the
White, Georgia, plant," commented
Eric Krepps, Vice President and
General Manager of Constellium Automotive Structures North America.
"We are honored to be part of your community."
Aluminium is a material of choice in the automotive industry to
reduce vehicle weight, improve fuel economy and lower emissions,
and increase safety. Our advanced solutions help automakers
achieve these goals across the globe.
About Constellium
Constellium (NYSE and Euronext
Paris: 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 €4.7 billion of revenue in 2016.
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," "expects," "may," "should," "approximately,"
"anticipates," "estimates," "intends," "plans," "targets," likely,"
"will," "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; Constellium's increased levels of indebtedness,
which could limit Constellium's operating flexibility and
opportunities; the potential failure to retain key employees, the
loss of customers, suppliers and other business relationships
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.
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