AMSTERDAM, Jan. 13, 2015 /PRNewswire/ -- Constellium
N.V. (NYSE and NYSE Euronext: CSTM) today announced that it
provides Ford Motor Co. (NYSE: F) with aluminium structural
parts for the all-new Ford F-150 pickup truck that extensively uses
high-strength, military-grade, aluminium alloy as a build material.
Constellium, a global leader in the development and manufacturing
of aluminium structural parts for the automotive industry, is one
of Ford's largest suppliers of these components for the F-150.
The 2015 Ford F-150 delivers the industry's best towing and
payload capability among full-size light-duty pickups, enabled by
reducing up to 700 pounds of weight through the use of
high-strength steel in the frame and aluminium alloy in the
body.
To keep pace with increased demand, Constellium has doubled
manufacturing capacity at its facility in Van Buren, Michigan, and enhanced advanced
prototyping and development capabilities.
"We are delighted to become one of Ford's largest supplier of
high-strength aluminium structural parts for the groundbreaking
F-150 and see this as an important milestone in the expansion of
our global automotive structures business," said Paul Warton, President of Constellium's
Automotive Structures and Industry business unit.
"We believe that the automotive industry demand for aluminium
will continue to grow as automakers seek to reduce vehicle weight
and improve fuel efficiency. With our innovative and value-added
solutions and the expansion of our component manufacturing
capabilities in the United States,
Europe and China, Constellium is strongly positioned to
help meet that demand worldwide."
About Constellium
Constellium 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 €3.5 billion of revenue in 2013.
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 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 to achieve expected synergies and the timing thereof; the risk
that the businesses will not be integrated successfully or such
integration may be more difficult, time-consuming or costly than
expected; Constellium's increased levels of indebtedness as a
result of the transaction, which could limit Constellium's
operating flexibility and opportunities; the potential failure to
retain key employees as a result of the transaction or during the
integration of the business, the loss of customers, suppliers and
other business relationships as a result of the transaction;
disruptions to business operations resulting from the transaction;
slower or lower than expected growth in the North American market
for Body-in-White aluminum 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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SOURCE Constellium