Constellium consolidates its long-term partnership with Bombardier through multi-year contract
(Thomson Reuters ONE) -
AMSTERDAM, The Netherlands, Oct. 10, 2017 (GLOBE NEWSWIRE) -- Constellium N.V.
(NYSE:CSTM) (Euronext Paris:CSTM) announced that it has signed a multi-year
agreement with Bombardier to supply flat rolled products in a rich mix of
alloys, shapes and applications for a number of their aircraft programs such as
C Series, CRJ Series, Q Series, Global and Challenger. In this new contract,
Constellium will become one of the leading suppliers of flat rolled products to
Bombardier globally, strengthening its position as a strategic supplier.
Constellium and Bombardier are long-time partners, with a strong history of
collaborative research. Bombardier's C Series aircraft aluminium-lithium
fuselage sheets and extrusions are all currently supplied through Constellium's
Airware(®) platform.
"I am proud to see Bombardier and Constellium continuing to build on their
partnership. This new contract allows us to further anchor our position as a key
supplier of innovative aluminium solutions for Bombardier's aircraft programs
and as an industry leader more generally," said Ingrid Joerg, President of
Constellium's Aerospace and Transportation business unit. "It demonstrates our
expertise and skills in providing tailored products and spurs our ambition to
pursue growth in the aerospace industry."
Bombardier will be served by Constellium's facilities in Ravenswood, USA and
Issoire, France.
About Constellium
Constellium (NYSE:CSTM) (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 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 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;
disruptions to business operations; 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 update or revise
any forward-looking statement as a result of new information, future events or
otherwise, except as required by law.
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
Ryan Wentling - Investor Relations
Phone: +1 (212) 675-5450 / investor-relations(at)constellium.com
CLAI (Media) Corporate
Emilie Humann
Phone: +33 (0)7 77 26 24 60 emilie.humann(at)clai2.com
Hill+Knowlton Strategies (Media)
Peter Poulos
Phone: +1 (212) 885-0588
peter.poulos(at)hkstrategies.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: 10.10.2017 - 08:00 Uhr
Sprache: Deutsch
News-ID 562993
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contact information:
Town:
Paris
Kategorie:
Business News
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