Constellium to invest up to €200 million to add significant Body-in-White production capacity in Europe to meet anticipated automotive market growth
Amsterdam, 15 January, 2014 - Constellium N.V. (NYSE and NYSE Euronext: CSTM) announced today that the company plans to invest up to €200 million over the next three years to further grow its European Body-in-White (BiW) business.
Constellium offers to the automotive industry a portfolio of aluminium flat rolled products, targeted to meet our customers’ stringent requirements in terms of surface quality, strength, crash and formability for BiW applications like hoods, doors, roofs and structural parts of cars.
The past few years have seen a notable increase in the use of aluminium flat rolled products in premium car models in Europe. Constellium believes that this growth will continue in light of stringent European legislation on CO2 emissions and resource efficiency.
“Constellium is strongly committed to developing its industrial platform and serving the automotive industry globally with innovative and value-added aluminium products. We will therefore continue to focus our energy and resources to develop our global BiW capacity,” stated Pierre Vareille, Chief Executive Officer of Constellium.
“Constellium expects to benefit from strong market growth as the integration of aluminium components continues to expand not only in premium vehicles but in the high-volume car segment,” commented Laurent Musy, President of Constellium’s Packaging and Automotive Rolled Products business unit.
Constellium’s investment is expected to run through the end of 2016. In Phase 1, Constellium plans to increase production capacity at Neuf-Brisach (France) and to start BiW production at Singen (Germany) by revamping its continuous annealing line. By 2016, Constellium expects to add up to 40,000 metric tons to its current capacity with the first BiW coils produced in Singen as early as mid-2014. In Phase 2, Constellium plans to add a new continuous annealing and conversion line in Europe with a targeted capacity of 100,000 metric tons, with the aim to start commissioning in the second half of 2016.
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