Business
Constellium N.V. (NYSE and Euronext Paris: CSTM) announced today the grand opening of its new plant in White, Georgia, dedicated to the production of advanced aluminium automotive structural components and crash management systems. The 135,000 sq. ft. facility is strategically located to supply automakers in the Southeast U.S. and may be expanded to 220,000 sq. ft. to meet customers’ supply needs in the future. Constellium expects to have 150 employees in White, Georgia, by 2019.
“I am very pleased to be in Georgia today to celebrate the opening of this new plant, its state-of-the art manufacturing capability and world-class team that is committed to work in partnership with our automotive customers,” said Paul Warton, President of Constellium’s Automotive Structures & Industry business unit. “Being closer to our customers’ assembly plants will allow us to better serve automakers in their mission to make vehicles lighter and safer and to respond to the industry’s growing demand for aluminium structural parts.”
“On behalf of Constellium, I would like to extend our gratitude to the State of Georgia, Bartow County, our local partners and employees for their strong support in establishing the White, Georgia, plant,” commented Eric Krepps, Vice President and General Manager of Constellium Automotive Structures North America. “We are honored to be part of your community.”
Aluminium is a material of choice in the automotive industry to reduce vehicle weight, improve fuel economy and lower emissions, and increase safety. Our advanced solutions help automakers achieve these goals across the globe.
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 Metals to achieve expected synergies and the timing thereof; Constellium’s increased levels of indebtedness, which could limit Constellium’s operating flexibility and opportunities; the potential failure to retain key employees, the loss of customers, suppliers and other business relationships 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.