Constellium celebrates the opening of a new facility in Zilina, Slovakia, to supply Automotive Structures to the Eastern Euro...
November 29 2018 - 8:00AM
Constellium celebrates the opening of a new facility in Zilina,
Slovakia, to supply Automotive Structures to the Eastern European
market
Constellium N.V. (NYSE: CSTM) announced today the opening of its
new Automotive Structures facility in Zilina, Slovakia, dedicated
to the production of aluminium Crash Management Systems and Body
Structure components as it continues to expand its automotive
footprint in the Eastern European market.
The 5,200 square meter facility in Zilina
features advanced technologies for forming, machining, welding and
heat-treating aluminium automotive components, along with a
state-of-the-art quality lab to ensure products meet customer
specifications. By early 2019, the Zilina plant is expected to have
90 employees and plans to expand its facility to 15,000 square
meters by mid-2019.
“On behalf of Constellium, I would like to thank
the local Zilina authorities and our partners for welcoming us to
the city as we expand our automotive structures to service the
needs of our customers in Eastern Europe,” said Lionel Chapis,
Managing Director of Constellium’s Automotive Structures. “We are
grateful to our key customers to trust us to accompany them in
their footprint expansions and look forward to continuing to grow
with them.”
Aluminium continues to be a material of choice
in the automotive industry to reduce vehicle weight, improve fuel
economy and lower emissions, and increase safety. Constellium is
dedicated to developing and testing advanced aluminium automotive
components to help automakers achieve their goals across the
globe.
Constellium has been strategically expanding its
automotive structures footprint to respond to its customers’ needs
globally. The company recently announced that it expanded its
operations in Dahenfeld, Germany to increase the supply of
aluminium structural components for automakers in Europe. In North
America, Constellium recently expanded its footprint with two new
plants in San Luis Potosí, Mexico, and in White, Georgia, U.S.
Delphine
Dahan-Kocher – Communications North America |
Noemie
Fierens – Communications Europe |
Phone: +1 (443) 420 7860 |
Phone: +33 1 73 01 46 73 |
delphine.dahan-kocher@constellium.com |
noemie.fierens@constellium.com |
|
|
Ryan Wentling
– Investor Relations |
Stacie Tong
–Automotive Structures and Industry |
Phone: +1 (212) 675 5450 |
Phone: +1 (734) 879 9727 |
Investor-relations@constellium.com |
stacie.tong@constellium.com |
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 statements
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
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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 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.
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