AMSTERDAM, the Netherlands, June
19, 2017 (GLOBE NEWSWIRE) -- Constellium N.V. (NYSE:CSTM) (Euronext
Paris:CSTM) today released its 2016 Annual Business and
Sustainability Performance Report, evaluating its performance
against its 2020 targets.
"At Constellium, we're committed to integrating
sustainability into the very heart of our business, where our
efforts create value for our customers, our shareholders, our
employees and the communities we proudly serve," said Arnaud
Jouron, Chairman of Constellium's Sustainability Council and
President of Constellium's Packaging and Automotive Rolled Products
business unit.
Most sustainability objectives are on track,
namely:
- Increase beverage recycling
rate: We have endorsed industry-led objectives and Europe
is on track to reach the 80% recycling rate target set for 2020.
However, the US beverage can recycling rate decreased in 2016, but
we will continue to work with the industry and other stakeholders
to address this complex issue. At Constellium, we have
significantly increased our used beverage cans recycling capacity
in Muscle Shoals, Alabama, US with the installation of a new
furnace.
- Increase customer
satisfaction: Our 2016 customer survey showed continued
satisfaction from our customers, and we continue to innovate to
offer lighter, safer and infinitely recyclable solutions to our
customers.
- Engage our people:
Our 2016 survey showed a 2% improvement versus our last survey in
2014, with a stable participation rate.
- Strengthen our
communities: More than half of our plants organized a
community program in 2016, with our US sites being particularly
active.
- Build a standard for
aluminum: We have actively participated in finalizing the
Aluminum Stewardship Initiative (ASI) certification program, which
will be available in early 2018.
- Ensure sustainable
purchasing: Throughout 2016, we continued to evaluate the
sustainability performance of key suppliers as planned.
The following sustainability objectives need some
improvement, and we are implementing corrective actions to address
them with the objective of getting back on track by the end of
2017:
- Further improve our safety
record: We saw a degradation in our 2016 recordable case
rate1. However, our
safety results remain among the best in the industry, and we were
able to contain the number of serious injuries within our maximum
limit.
- Reduce production waste
sent to landfill: As we focused on better measuring
production wastes, we identified unreported waste streams. This,
combined with some non-recurrent landfilled waste, led to an
increase in the total waste produced in 2016 as compared to
2015.
- Improve energy
efficiency: While we improved slightly year over year by
0.3%, we remain under our target due largely to the temporary
effects of ramp-ups and operational changes.
To learn more about Constellium's sustainability
progress and to download our 2016 business and sustainability
report, please visit http://www.constellium.com/sustainability
About
Constellium
Constellium (NYSE:CSTM) (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.
________________________________
1Recordable
Case Rate measures the number of fatalities, serious injuries,
lost-time injuries, restricted work injuries or medical treatments
per one million hours worked.
Christel des Royeries - Europe
Phone: +33 1 73 01 46 73
christel.des-royeries@constellium.com
Delphine Dahan-Kocher - US
Phone: +1 212 858 9963
delphine.dahan-kocher@constellium.com
Catherine Athenes - Sustainability
Phone: +33 (0) 1 73 01 46 85
catherine.athenes@constellium.com
Ryan Wentling - Investor Relations
Phone: +1 (212) 675-5450
investor-relations@constellium.com