rrojarom
7 years ago
Amsterdam, July 31, 2017– Constellium N.V. (NYSE and Euronext Paris: CSTM) has introduced a new generation of high-strength 6000-series alloys, Constellium HSA6TM, to help automakers meet growing demand for lighter weight vehicles. Constellium HSA6TM is in production for several 2017 and 2018 model year vehicles, including the MINI Countryman.
Ideal for extrusion-based Crash Management Systems, Body-in-White structural components and battery enclosures, Constellium HSA6TM allows designers to optimize extrusion shapes and reduce wall thickness to achieve weight savings of 15-30% compared to conventional aluminium alloys. With ultimate tensile strength (UTS) higher than 400MPa, Constellium HSA6TMalso provides enhanced recyclability, machinability and corrosion resistance.
Alternately, Constellium HSA6TM can provide 15-30% additional strength to reduce intrusion in the event of a crash, thereby enhancing protection of batteries, cooling systems and other critical vehicle systems. Aluminium is the ideal material for absorbing energy in a collision to protect occupants, pedestrians and vehicle integrity.
“With Constellium HSA6TM, we are able to offer automakers a family of the highest strength 6000-series aluminium alloys available on the market for extruded automotive components,” said Martin Jarrett, Operational Excellence and Technology Director for Constellium’s Automotive Structures and Industry business unit.
According to a new study by Ducker Worldwide, aluminium extrusions are expected to increase 65% for Crash Management Systems and 100% for Body-in-White components between 2015 and 2020, with continued growth through 2028.
Earlier today, Constellium HSA6TM was recognized by the Altair Enlighten Awards for innovation in vehicle lightweighting, receiving the award for Runner Up in the Enabling Technology category.
“It is an honor for Constellium to be celebrated as a leader in technology that helps reduce vehicle weight,” said Paul Warton, President of Constellium’s Automotive Structures and Industry business unit. “As automakers continue to make vehicles lighter and electric vehicles become more prevalent, Constellium is uniquely positioned to offer superior materials, as well as the design, simulation, testing, prototyping and production expertise to bring advanced solutions to market.”
In addition to its existing extrusion plants in Europe, Constellium created a new joint venture, Astrex, in Ontario, Canada, to produce its proprietary alloy for components supplied from Constellium’s Automotive Structures plants in North America.
rrojarom
7 years ago
Amsterdam – July 27, 2017 – Constellium N.V. (NYSE and Euronext Paris: CSTM) today reported results for second quarter ended June 30, 2017.
Shipments of 383 thousand metric tons, down 1% compared to Q2 2016; Automotive shipments up 18% compared to Q2 2016
Revenue of €1.4 billion, up 12% compared to Q2 2016 on higher aluminium prices
Net income of €15 million compared to €9 million in Q2 2016
Adjusted EBITDA of €127 million, up 19% from Q2 2016; H1 2017 Adjusted EBITDA up 11% from H1 2016
Significant improvement in H1 2017 Cash Flows from Operations and Free Cash Flow compared to H1 2016
Completed a $300 million pan U.S. ABL and a new €100 million inventory based revolving credit facility
“Project 2019” initiatives underway and already showing benefits
Intend to move corporate domicile to France and delist from Euronext to simplify corporate structure and reduce costs
Jean-Marc Germain, Constellium’s Chief Executive Officer said, “Constellium delivered record Adjusted EBITDA during the second quarter. I’m pleased to note that each of our business units were meaningful contributors to these results. Automotive Structures and Industry reported another record quarter as its strong momentum continues. As we expected, Aerospace and Transportation delivered significantly improved results. Packaging and Automotive Rolled Products overcame incremental cost from our automotive readiness program in the U.S. and delivered results comparable to last year.”
Mr. Germain continued, “The strong second quarter results leave us well positioned to deliver at the high end of our high single-digit Adjusted EBITDA growth target for 2017. We remain steadfastly focused on executing our strategy and increasing value for our shareholders.”
rrojarom
8 years ago
Amsterdam, May 3, 2017 – Constellium N.V. (NYSE and Euronext Paris: CSTM) (“Constellium” or the “Company”) today announced that the Company’s invitation and other documents for the Company’s Annual General Meeting to be held on June 15, 2017, at 6:00 PM CET (12:00 PM EDT) at the offices of Constellium N.V. - Tupolevlaan 41-61, 1119 NW Schiphol-Rijk, the Netherlands - have now been published on its website (www.constellium.com) and are available free of charge at the offices, attention Corporate Secretary.
Download the press release
Constellium Posts Annual General Meeting Materials
Media contacts
Constellium
Ryan Wentling – Investor Relations
Phone: +1 (212) 675-5450
investor-relations@constellium.com
Delphine Dahan-Kocher – Communications
Phone: +1 (212) 858 9963
delphine.dahan-kocher@constellium.com
Hill+Knowlton Strategies (Media)
Peter Poulos
Phone: +1 (212) 885-0588
peter.poulos@hkstrategies.com
CLAI (Media)
Emilie Human
Phone: +33 (0)7 77 26 24 60
emilie.human@clai2.com
rrojarom
8 years ago
Amsterdam, May 2, 2017 – Constellium N.V. (NYSE and Euronext Paris: CSTM) announced today that it supplies aluminium Automotive Body Sheets and Crash Management Systems for the new BMW 5 Series, including its hybrid and touring models. The latest edition of the iconic BMW 5 Series saves 137 pounds (62 kg) compared to the previous model thanks to the use of lightweight materials like aluminium.
Constellium is the primary supplier of aluminium Automotive Body Sheet for the BMW 5 Series, providing the coils used for the inner and outer applications such as doors, roofs, fenders, deck lids and structural parts. In addition, Constellium designed and produces the rear Crash Management System, including an integrated holder for the exhaust system.
For the hood outer panel and fenders, Constellium provides Surfalex® with high surface quality and specific hemming and roping properties, which allow sporty designs that are sharp, sleek and striking.
For the inner hood, the superior formability and mechanical resistance of our materials solution enable efficient processing of complex shapes.
“BMW is a great customer to work with as they are looking for innovative aluminium solutions for automotive body sheets for their new models. We are proud to supply the BMW 5 Series not only for closures but also for structural inner parts and reinforcement applications requiring specific crash and mechanical performance such as the one offered by Securalex®HS” said Dieter Höll, Sales & Marketing Director Automotive & Specialties.
Aluminium is the ideal material for Crash Management Systems because it provides superior energy absorption to help protect vehicle occupants in the event of a collision. It also has a crash behavior that helps reduce damage to the vehicle and therefore minimizes repair costs. The bumper beam and crash boxes are extruded components, allowing Constellium to design a product that is not only lightweight, but also engineered to customer specifications in terms of size, shape, package space and strength.
“Constellium is a longtime supplier to BMW and it is an honor to contribute to the redefined Ultimate Driving Machine,” said Lionel Chapis, Constellium’s Managing Director for Automotive Structures. “The new BMW 5 Series features our most advanced rear crash management system with extrusions made of Constellium’s patented high-strength 6000-series crushable alloys.”
Aluminium continues to be a material of choice for automakers to lightweight vehicles for improved fuel economy and lower emissions. By saving weight throughout the vehicle, automakers are able to integrate additional features that differentiate their vehicles for unique appeal to consumers.
rrojarom
8 years ago
Amsterdam – April 27, 2017 – Constellium N.V. (NYSE and Euronext Paris: CSTM) today reported results for first quarter ended March 31, 2017.
Shipments of 375 thousand metric tons; Automotive shipments up 20% compared to Q1 2016
Revenue of €1.3 billion, up 15% compared to Q1 2016 on higher aluminum prices and increased shipments
Net income of €13 million compared to a net loss of €8 million in Q1 2016
Adjusted EBITDA of €93 million
Refinanced the Wise Senior Secured Notes with Constellium Senior Notes
Launched “Project 2019” – a cash improvement initiative focused on reducing costs, working capital, and capital expenditures
Jean-Marc Germain, Constellium’s Chief Executive Officer said, “I am pleased with our first quarter results. AS&I continued its strong momentum and reported record Adjusted EBITDA, while A&T and P&ARP overcame headwinds to deliver solid results. We remain optimistic on the prospects for 2017 and confident in our ability to deliver high single digit Adjusted EBITDA growth this year.”
Mr. Germain continued, “We are focused on executing our strategy and increasing shareholder value. Concluding our peak capital spending needs in 2016 and addressing our capital structure through the February refinancing represented two important steps on our journey. Launching Project 2019 earlier this month was another critical milestone. We continue to expect Adjusted EBITDA growth in the high single digits annually, leading to over €500 million of Adjusted EBITDA in 2020.”
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