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.
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.
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.
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Source: Nasdaq Automotive News