AMSTERDAM, The Netherlands, Sept. 13, 2018 (GLOBE NEWSWIRE) — Constellium N.V. (NYSE: CSTM) announced today that it has expanded its operations in Dahenfeld, Germany to increase supply of aluminium automotive structures. Constellium will manufacture a wide range of components for the body structure of a premium sports car from a new production hall.
Constellium’s Dahenfeld plant is dedicated to the production of aluminium structural components for automakers in Europe, including various premium and performance vehicles. The expansion, which increases the production area by 5,000 sq m to nearly 14,000 sq m, enables Constellium to increase production capacity and manufacturing capabilities for its key customers. Constellium currently employs 145 people in Dahenfeld and expects to create approximately 30 new jobs at the plant by the end of 2019.
Enhanced capabilities at the plant include new fully automated robotic assembly cells with integrated measurement for quality assurance. Using state-of-the-art joining techniques such as flow drill screws, self-piercing rivets, and bonding, Constellium Dahenfeld is able to deliver aluminium structural assemblies consisting of up to 20 individual components including extrusions, castings and sheet materials.
The extrusions for these components are supplied by Constellium’s internal network of hard and soft alloy plants. Constellium is uniquely positioned to provide a broad range of expertise and services from alloy development to product design to extrusion manufacturing and component assembly.
“As a full-service supplier of prototyping, testing and production of aluminium structural components, we expect the expansion of our Dahenfeld plant to help Constellium meet the automotive industry’s growing demand for partners who can provide a range of value-added services,” said Lionel Chapis, Managing Director of Constellium’s global Automotive Structures business.
Further, the Dahenfeld plant has installed additional CNC machining, robotic weld cells and other technologies to increase the value-added services it provides to automakers. The expansion supplements mechanical processing machines, surface treatment and heat treatment, as well as a quality lab for process approval and quality tests at all production stages up to the end product.
Constellium (NYSE: CSTM) is a global sector leader that develops innovative, value added aluminium products for a broad scope of markets and applications, including automotive, aerospace and packaging. Constellium generated €5.2 billion of revenue in 2017.
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, economic downturn, the loss of key customers, suppliers or other business relationships; disruption to business operations; the inability to meet customer quality requirements; delayed readiness for the North American Auto Body Sheet market, the capacity and effectiveness of our hedging policy activities, failure to retain key employees, 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 – Communications, NA
Phone: +1 (212) 858 9963
Ryan Wentling – Investor Relations
|Noemie Fierens – Communications, Europe
Phone: +33 (0)1 73 01 41 84
Melanie Franzen – Communications,
Source: Nasdaq Automotive News