Constellium to build second Body-in-White finishing line in the U.S. to meet increased automotive demand
Amsterdam, April 23, 2015 – Constellium N.V. (NYSE and NYSE Euronext: CSTM) announced today that it has decided to build a second Body-in-White (BiW) finishing line in North America to further support the growing demand for aluminium from the U.S. automotive industry. The investment is expected to reach $160 million and is part of the previously announced $750 million strategic investment plan to increase Constellium’s BiW production capacity by 2022.
The location of the 100,000 metric tons BiW finishing line which is due to start production in early 2018 has not yet been decided and will be announced in due course, pending final business considerations.
“In light of current volume commitments from customers, we have decided to add further capacity and launch the construction of a second BiW finishing line. This move reflects the success of our continued discussions with car manufacturers,” stated Pierre Vareille, Chief Executive Officer of Constellium. “Constellium expects to benefit from strong market growth as the integration of aluminium body sheet continues to quickly expand across the U.S. automotive industry. We have an ambitious strategy in this market and are fully on track with our expansion roadmap,” he added.
Building on its longstanding partnerships with the automotive industry, its R&D capabilities and its industrial renowned expertise, Constellium is well positioned to support automotive light-weighting both in Europe and in North America. As aluminium continues to displace steel in automotive production due to its safety, environmental and efficiency benefits, Constellium is armed to meet this increased demand with a broad range of innovative products.
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