Constellium supplies 10 millionth part to Ford Motor Company and expands its business to include the all-new Ford Expedition
(Thomson Reuters ONE) -
AMSTERDAM, The Netherlands, July 13, 2017 (GLOBE NEWSWIRE) -- Constellium N.V.
(NYSE:CSTM) and (Euronext Paris:CSTM) is proud to announce that it has delivered
its 10 millionth part to Ford Motor Company. A provider of aluminum structural
components for the Ford F-150 and Super Duty trucks, Constellium will also
supply the all-new Ford Expedition starting in Fall 2017.
Constellium provides several aluminum parts for the Ford F-150 and Super Duty,
including the windshield header, a complex component that reduces weight as well
as the number of parts required in comparison with the steel version it
replaced.
"It's an honor to supply the iconic Ford F-150 and Super Duty trucks," said Eric
Krepps, Constellium's Vice President and General Manager of Automotive
Structures for North America. "Our Van Buren, Michigan, plant has an excellent
record of quality and delivery to Ford and I am very proud of their success."
In Fall 2017, Constellium will begin supplying the all-new aluminum-intensive
Ford Expedition from its Van Buren plant as well. The facility was expanded in
2015 to double its production capacity to accommodate the Ford projects. The
2018 model year Expedition saves 300 pounds compared to the previous model
thanks to advanced materials like aluminum.
Aluminum is increasingly adopted by automakers as a material of choice to aid in
lightweighting vehicles to improve fuel economy and lower emissions. In response
to growing demand for its high-strength, lightweight automotive structural
components, Constellium opened a new plant in White, Georgia, this spring and
will open a new plant in San Luis Potosí, Mexico, in 2018.
About Constellium
Constellium (NYSE:CSTM) and (Euronext Paris:CSTM) is a global sector leader that
develops innovative, value added aluminium products for a broad scope of markets
and applications, including aerospace, automotive and packaging. Constellium
generated ?4.7 billion of revenue in 2016.
www.constellium.com
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.
Constellium
Delphine Dahan-Kocher - AMERICA Corporate Communications
Phone: +1 (212) 858-9963 / delphine.dahan-kocher(at)constellium.com
Christel des Royeries - EUROPE Corporate Communications
Phone: +33 1 73 01 46 73 / christel.des-royeries(at)constellium.com
Stacie Tong - AUTOMOTIVE STRUCTURES / Communications
Phone: +1 (248) 207 8842 / stacie.tong(at)constellium.com
Ryan Wentling - Investor Relations
Phone: +1 (212) 675-5450
investor-relations(at)constellium.com
Patricia Radice - MCCI Public Relations
Phone: +1 (248) 321-4651
pradice(at)mccicorp.com
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Constellium Paris via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 13.07.2017 - 08:00 Uhr
Sprache: Deutsch
News-ID 552209
Anzahl Zeichen: 5661
contact information:
Town:
Paris
Kategorie:
Business News
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