Constellium awarded multi-year contract by Rexam to convert Spanish can production lines from steel to aluminium
Amsterdam, October 1, 2014 - Constellium N.V. (NYSE and NYSE Euronext: CSTM) announced today that it was awarded an additional contract to supply can stock to Rexam PLC (REX.L.), a leading beverage can maker. Under this agreement, Constellium will support Rexam’s strategic decision to convert all the can production lines of their two Spanish plants - La Selva and Valdemorillo - from steel to aluminium. This contract strengthens a long-standing relationship between Constellium and Rexam.
“We are delighted to support Rexam in its substitution process from steel to aluminium. Packaging, in particular can stock, is a bedrock of Constellium’s portfolio.” commented Laurent Musy, President of Constellium’s Packaging and Automotive Rolled Products business unit. “By partnering with Rexam to convert its can lines in Spain, Europe’s second largest can market, Constellium will contribute to growing the share of aluminium use in beverage cans in Europe, currently at 79%,” he added.
Constellium expects can makers across Europe to continue converting their production lines from steel to aluminium due to its many advantages for packaging applications. Aluminium provides an excellent barrier to oxygen, light, and moisture while featuring a shiny appearance. Because of its lightweight and resilient properties, and the fact that it can be endlessly recycled without loss of property, aluminium contributes to the reduction of freight loads and fuel costs.
Constellium is Europe’s largest supplier of aluminium can body stock and plays a leading role in recycling, a key business and environmental commitment. Constellium endorses the recycling rate target of 75 percent by 2015 set by the aluminium industry for beverage cans in Europe and participates in initiatives like “Every Can Counts” that encourages can recycling at work and on-the-go. As part of its active sustainable development strategy, Constellium is also a founding member of the Aluminium Stewardship Initiative that is a unique aluminium value chain program that will define and deliver the first standard for responsible aluminium.
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