New York, 24 July, 2013 - Constellium N. V. (NYSE and NYSE Euronext:CSTM), a global leader in the manufacturing of value-added aluminium products has achieved a significant milestone in further enhancing the capacity and performance of one of its main rolling mills, which enhancements were undertaken in order to meet growing customer demand and to further optimize production processes.
Two major projects, representing a total investment of 23 million, have been successfully implemented at Constellium's rolling and recycling Neuf-Brisach facility in France. The plant is a major supplier and recycler of rolled aluminium products to the beverage, food packaging and automotive markets.
The first project modernized a casting complex dedicated to rolling slab production, delivering safety and quality improvements and increasing casting capacity
The second project involved the complete replacement of a pusher furnace, dedicated to the homogenization and preheating of slabs before rolling. The replacement is expected to lower energy consumption while increasing throughput and optimizing quality.
"We will continue to invest in the modernization and development of the assets that we expect will support Constellium's sustainable growth for the benefit of our customers in the years to come," commented Laurent Musy, President of Constellium's Packaging and Automotive Rolled Products business unit.
Two new similar projects, also involving the modernization of an additional casting complex and the replacement of another pusher furnace have been launched for start up in 2014.
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 certain 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. The occurrence of the events described in the release, including our continued investment in the modernization and development of our assets and the launch of new projects, depend on many events, some or all of which are not predictable or within our control. Actual results may differ materially from the forward-looking statements contained in this press release. All forward-looking statements in this press release and subsequent written and oral forward-looking statements attributable to us, or persons acting on our behalf, are expressly qualified in their entirety by the cautionary statements. For a description of the risks that generally affect our business and results of operations, please review the risks presented under the heading "Risk Factors" in our Form F-1 filed with the U.S. Securities and Exchange Commission.
In light of these risks and uncertainties, the matters referred to in the forward-looking statements contained in this press release may not in fact occur. 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.
About Constellium
Constellium (NYSE and NYSE Euronext: CSTM) is a global sector leader that develops innovative, value added aluminum products for a broad scope of markets and applications, including aerospace, automotive and packaging. With around 8,900 employees Constellium generated 3.61 billion of revenue in 2012.
Constellium
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