AMSTERDAM, Oct. 18, 2016
AMSTERDAM, Oct. 18, 2016 /PRNewswire/ -- Constellium N.V. (NYSE and Euronext: CSTM) announced today the official opening of a new state-of-the-art finishing line at its plant in Neuf-Brisach, France, for a total €180 million investment. The new line is designed to meet the growing demand for aluminium automotive body sheet.
With a production capacity of 100,000 tons, the new 240m (787-foot) long finishing line features high-speed thermal treatment, precise temperature control, highly efficient quenching process as well as greater flexibility on the thickness of processed alloys. This diverse range of innovative technologies will enable Constellium to manufacture high-quality aluminium products for automotive closure inners, outers and Body-in-White. The new finishing line is in the final stage of the qualification phase and has already started commercial production.
"On the heels of the launch of our new manufacturing plant with our joint venture partner UACJ Corporation in Bowling Green in the US, the opening of the new finishing line in Neuf-Brisach is another critical step in the execution of our worldwide automotive growth strategy," said Jean-Marc Germain, Chief Executive Officer of Constellium. "It shows our continued commitment to serving the needs of automakers with our advanced aluminium products and solutions."
"We are thrilled to announce the capacity expansion of our plant in Neuf-Brisach with the opening of a best-in-class automotive finishing line," said Arnaud Jouron, President of Constellium's Packaging and Automotive Rolled Products business unit. "With top-notch technologies, a long-standing automotive expertise among our staff on both sides of the ocean, and an additional line located in the heart of Europe, we are well positioned to capture the growth for automotive body sheet in Europe and across the globe."
Built in 1967, the Neuf-Brisach plant is an integrated aluminium rolling, finishing and recycling facility. In Neuf-Brisach, Constellium designs and produces a wide portfolio of coil and sheet products for automotive OEMs as well as food and beverage can customers. Adding to the production capacity of aluminium automotive body sheet in Neuf-Brisach, the opening of this additional finishing line is expected to significantly boost Constellium's automotive body-sheet production capacity in Europe to meet anticipated automotive market growth.
In Europe, stricter regulation of vehicles' CO2 emission have resulted in an increasing demand for aluminium. With the rising importance of lightweighting, aluminium automotive body sheet volumes are expected to reach 700,000 tons in 2020, up from 230,000 tons in 2012.
Constellium (NYSE and Euronext: 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 €5.2 billion of revenue in 2015.
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; 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 acquisition of Wise Metals, which could limit Constellium's operating flexibility and opportunities; the potential failure to retain key employees as a result of the acquisition of Wise Metals or during the integration of the business, the loss of customers, suppliers and other business relationships as a result of the acquisition of Wise Metals; disruptions to business operations resulting from the acquisition of Wise Metals; 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.
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