Constellium opens a new plant in San Luis Potosí, Mexico, to supply aluminium Crash Management Systems and structural compon...
March 01 2018 - 8:00AM
AMSTERDAM, The Netherlands, March 01, 2018 (GLOBE
NEWSWIRE) -- Constellium N.V. (NYSE:CSTM) announced today the grand
opening of its new Automotive Structures plant in San Luis Potosí,
Mexico, to supply aluminium Crash Management Systems and structural
components to automakers in Mexico.
The 5,000 sq m facility in San Luis Potosí
features the latest technology for forming, machining, welding and
heat-treating aluminium automotive components, along with a
state-of-the-art quality lab to ensure products meet customers'
precise specifications. The plant is expected to have
100 employees by 2019 and may be expanded
to 13,000 sq m to adapt to customers' future supply needs. The
automotive industry expects more than five million vehicles will be
assembled annually in Mexico by 2020, making it one of the largest
markets for automobile production.
"It is an exciting day for Constellium as we
expand our footprint in North America to better serve our customers
and become part of the growing automotive industry in Mexico," said
Paul Warton, President of Constellium's Automotive Structures &
Industry business unit. "The San Luis Potosí plant is
well-positioned to serve multiple customers, and to provide
advanced aluminium solutions as the industry trend to electric
vehicles gains momentum."
Last year Constellium opened a new plant in White,
Georgia, to supply automakers in the southeast U.S., in addition to
its existing location in Van Buren, Michigan. A new joint venture
(Constellium-Can Art) plant near Windsor, Ontario, Canada, called
Astrex, produces aluminium extrusions for Constellium's automotive
projects in North America.
Aluminium continues to be a material of choice in
the automotive industry to make vehicles lighter, safer and to
improve the range of electric vehicles. Constellium develops
high-strength alloys adapted to customer performance requirements
and also designs, simulates, prototypes and tests advanced
aluminium automotive components, including Crash Management
Systems, body structure components and battery enclosures.
About
Constellium
Constellium (NYSE:CSTM) is a global sector leader
that develops innovative, value added aluminium products for a
broad scope of markets and applications, including automotive,
aerospace and packaging. Constellium generated €5.2 billion of
revenue in 2017.
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, economic downturn, the loss of key
customers, suppliers or other business relationships; disruption to
business operations; the inability to meet customer quality
requirements; delayed readiness for the North American Auto Body
Sheet market, the capacity and effectiveness of our hedging policy
activities, failure to retain key employees, and other risk factors
set forth under the heading "Risk Factors" in our Annual Report on
Form 20-F, and our registration statement on Form F-3 filed on
October 30, 2017, 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 update or
revise any forward-looking statement as a result of new
information, future events or otherwise, except as required by
law.
Delphine
Dahan-Kocher - Communications
Phone: +1 (212) 858 9963
delphine.dahan-kocher@constellium.com |
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Stacie Tong -
Communications
Phone: +1 (248) 207 8842
stacie.tong@constellium.com |
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Ryan Wentling -
Investor Relations
Phone: +1 (212) 675 5450
Investor-relations@constellium.com |
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Patricia Radice - MCCI Public
Relations
Phone: +1 (248) 321-4651
pradice@mccicorp.com |
This
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The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Constellium Paris via Globenewswire