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Constellium to open a new manufacturing facility in San Luis Potosí, Mexico, to supply automotive structural components
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Constellium to open a new manufacturing facility in San Luis Potosí, Mexico, to supply automotive structural components

06 July 2016

Amsterdam, July 6, 2016 – Constellium N.V. (NYSE and Euronext: CSTM) announced today that it intends to open a new manufacturing facility in Mexico to produce aluminium automotive structural components. This plant, located in San Luis Potosí, will allow Constellium to respond to increasing demand for lightweight, high-strength aluminium Crash Management Systems and automotive structures for the expanding auto industry in Mexico. The automotive industry expects that nearly five million vehicles will be produced annually in Mexico by 2019, making it one of the largest markets for automobile production.

Constellium plans to invest approximately $10 million in the 5,000 sq m facility, which may be expanded to 13,000 sq m in the future to adapt to customers’ supply needs. The company expects to initially employ approximately 100 people in San Luis Potosí, which is centrally located to support current and new customers across Mexico. The facility is expected to start production in 2018.

The San Luis Potosí plant will complement Constellium’s growing footprint in North America for the fast expanding market of automotive structures. Last year, Constellium announced it would build a new manufacturing facility for automotive structures in Bartow County, GA, which is expected to start production in 2017. Constellium doubled manufacturing capacity at its facility in Van Buren, MI, in 2015 and has enhanced advanced prototyping and development capabilities to better serve automotive customers in North America.

“The San Luis Potosí plant is an important step in our development in North America and will allow Constellium to expand its business into one of the most significant automotive markets in the world,” said Eric Krepps, Constellium’s General Manager of Automotive Structures for North America. “By bringing our advanced manufacturing processes to Mexico to be near our customers’ assembly plants, we have a new opportunity to support automakers in their mission to make vehicles lighter, thereby improving fuel economy and lowering emissions.”

“I would like to thank the Governor of the State of San Luis Potosí, Juan Manuel Carreras López, as well as the government of San Luis Potosí, for the warm welcome they have extended to us,” added Krepps. “We look forward to becoming part of your community.”

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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 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.