AMSTERDAM, Sept. 22, 2016
AMSTERDAM, Sept. 22, 2016 /PRNewswire/ -- Constellium N.V. (NYSE and Euronext: CSTM) announced today that it will supply aluminium Crash Management Systems and Automotive Body Sheets for the new PEUGEOT 3008, which will be presented to the public at the 2016 Paris Motor Show.
The PEUGEOT 3008 is poised to take the compact SUV market by storm with its inspired design, optimized efficiency and a host of high-tech equipment features. Constellium will supply the aluminium front Crash Management System for the vehicle, including a lower beam for enhanced pedestrian safety. Constellium will also provide aluminium coils and sheets for the inner and outer hood panels and for the fenders.
Aluminium is the ideal material for Crash Management Systems, providing superior energy absorption in order to protect vehicle occupants in the event of a collision. This crash behavior also minimizes damage to the vehicle, which helps reduce repair costs. The bumper beam and crash boxes are extruded components, allowing Constellium to design a product that is not only lightweight, but engineered to customer specifications in terms of size, shape, package space and strength. "Constellium is proud to contribute to the new PEUGEOT 3008," said Lionel Chapis, Managing Director for Automotive Structures at Constellium. "An expert in aluminium alloy development, as well as the design, simulation, testing and manufacturing of structural components, Constellium is well positioned to serve automakers in their quest to make vehicles lighter while offering exceptional performance characteristics."
For the hood outer panel and fenders, Constellium provides material with high surface quality with specific hemming and roping properties allowing designs with sharp lines. For the hood inner, the good formability and mechanical resistance of our solution enable efficient processing of complex shapes. "PSA Group has been a long-standing customer of Constellium. Our commitment to innovation enables us to develop new alloys and solutions from the new model design phase to the start of production," said Dieter Höll, Sales and Marketing Director, Constellium's Packaging and Automotive Rolled Products Business unit.
Aluminium is increasingly adopted by automakers as a material of choice to aid in lightweighting vehicles to improve fuel economy and lower emissions. Saving weight also affords automakers the opportunity to integrate additional consumer-focused features in the vehicle.
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 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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