AMSTERDAM, May 17, 2017 /PRNewswire/ -- Constellium
N.V. (NYSE and Euronext Paris: CSTM) announced today the signing of
a multi-year contract with Robert
Bosch to supply Anti-lock Braking System (ABS) profiles for
the automotive industry. This agreement reinforces the partnership
Constellium's Decin plant, based in the Czech Republic, has had with Robert Bosch since 2009. Under this new
contract, Constellium will continue to provide its innovative
customized aluminium alloys for tailored solutions to meet rigorous
quality and delivery requirements. With a ramping up volume of
several million pieces per year in 2016, additional long-term
solutions will be supplied to several Bosch plants worldwide with
an expected overall volume per year targeted to double, subject to
auto market demand and ramp-up of future ABS solutions.
"The contract awarded today further strengthens our longstanding
relationship with Robert Bosch. It
also demonstrates Constellium's expertise in providing tailored
products for the automotive market. Thanks to aluminium's high
strength-to-weight ratio, and our R&D-focused approach, we are
pleased to partner with the industry to develop the next generation
of solutions with our customers," said Paul
Warton, President of Constellium's Automotive Structures and
Industry business unit. "The contract we announced today further
contributes to our plans to increase Decin's total capacity in the
coming years."
In 1978, Robert Bosch was the
first company to introduce ABS – an active braking safety system
for emergency situations — to the market and is today considered
the worldwide market leader. Since aluminium was introduced into
the automotive industry, Constellium has become a leading supplier
of lightweight vehicle solutions including ABS body profiles,
helping auto manufacturers reduce vehicle mass while advancing
safety, comfort and performance1. As a full service
supplier, Constellium collaborates with customers resulting in
industry leading product and process innovations.
Constellium's Decin plant manufactures customized aluminium
extrusions in soft and hard alloys with a variety of finishes for
global markets. The Decin location is the largest integrated hard
alloy facility in Europe and
employs more than 650 full-time employees. The site currently has
an integrated foundry, 12 presses for direct and indirect extrusion
production, as well as equipment for additional downstream
operations.
About Constellium
Constellium (NYSE 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.
1 For further information on Constellium's aluminium
product offerings available for the automotive sheet and extrusions
market in automotive, an interactive module can be downloaded at
http://www.automotive.products.constellium.com/ as well
as on the Apple store and on Google Play under the name
"Constellium automotive products".
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SOURCE Constellium