Constellium’s operations in Singen certified by the Aluminium Stewardship Initiative (ASI)
August 29 2019 - 8:00AM
Constellium SE (NYSE: CSTM) today announced that its casting and
rolling operations in Singen, Germany, have received the Aluminium
Stewardship Initiative (ASI) Performance Standard certificate. This
certification, verified by an independent third-party audit, means
that the plant operates according to a strict set of governance,
environmental, and social standards.
“Singen’s certification is an important
milestone in Constellium’s sustainable journey. It demonstrates our
commitment to produce high value-added solutions in a responsible
and sustainable way,” said Catherine Athenes, Vice President Group
Sustainability at Constellium.
“We congratulate Constellium and the Singen team
for this certification, a tribute to their longstanding engagement
in ASI and dedication to implementing sustainable practices in
their business,” said Fiona Solomon, Chief Executive Officer at
ASI. “As a founding member of ASI, Constellium has greatly
contributed to defining responsible production and stewardship
standards for the aluminium industry. We are excited to know
that they plan to continue their ASI certification journey, and
support suppliers and customers in their responsible sourcing
efforts.”
“The certification inspired us to take a
holistic approach towards sustainability in operations at Singen.
We are now working to certify our casting and rolling operations
against the ASI Chain of Custody Standard, and expect to complete
this certification by the end of 2019,” said Robert Gabor, Plant
Manager Packaging & Automotive Rolled Products Singen. While
pursuing certification of its operations, Constellium also helps
its key metal suppliers with their certification processes, in
order to offer its customers ASI certified products.
Constellium’s Singen facility serves the
automotive and packaging markets. With its high-grade cold mills
and integrated hot/cold rolling line, it is one of the company’s
largest sites.
About ASI
The Aluminium Stewardship Initiative (ASI) is a
global, multi-stakeholder, non-profit standards setting and
certification organization. It works towards responsible
production, sourcing, and stewardship of aluminium, following an
entire value chain approach. To this end, ASI launched its
Performance Standard and Chain of Custody Standard in December
2017.
ASI’s 90+ members include leading civil society
organizations; companies with activities in bauxite mining, alumina
refining, aluminium smelting, semi-fabrication, and product and
component manufacturing; consumer and commercial goods companies in
the automotive, construction, and packaging industries; industry
associations, and other supporters.
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 aerospace,
automotive and packaging. Constellium generated €5.7 billion of
revenue in 2018.
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 the Redemption. 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, Constellium’s
increased levels of indebtedness which could limit Constellium’s
operating flexibility and opportunities, 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 in our registration statement on Form F-4
filed with the U.S. Securities and Exchange Commission on June 3,
2019, 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.
Ryan Wentling – Investor Relations |
Catherine Athenes – Sustainability |
Phone: +1 (443) 988-0600 |
Phone: +33 (0)1 73 01 41 91 |
investor-relations@constellium.com |
catherine.athenes@constellium.com |
|
|
Delphine Dahan-Kocher –
Communications |
Noemie Fierens – Communications, Europe |
Phone: +1 (443) 420 7860 |
Phone: +33 (0)1 73 01 41 84 |
delphine.dahan-kocher@constellium.com |
noemie.fierens@constellium.com |
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