Constellium N.V. (NYSE and NYSE Euronext: CSTM) announced today that it is investing €22.5 million in its site located in Decin, Czech Republic. The investment, expected to be completed by April 2016, will include a new casthouse, a new indirect extrusion press line for production of hard alloy bars and profiles, a new drawing line, and a complete refurbishment of an existing extrusion line to meet increased demand for drawn bars.
The investment follows a €15 million investment announced in May 2014 that included a new casthouse and extrusion line to increase production of hard alloy extrusions by almost 10,000 tons per year. Both investments further Constellium’s strategy of boosting production capacity of high-volume specialty alloy products and extrusions to supply primarily the European automotive market. The plant in Decin mainly serves European automotive Tier One Manufacturers in Germany, Czech Republic, France, Italy, and Switzerland.
“Constellium’s continued investment in the plant in Decin will further expand our production capacity and flexibility for aluminium hard alloy bars and profiles to meet increasing demand from our automotive customers across Europe,” said Paul Warton, President of Constellium’s Automotive Structures and Industry business unit. “The investment we announced today is expected to increase Decin total shipments by 20 percent, from 60,000 metric tons in 2014 to 72,500 metric tons by 2018.” Constellium’s Decin plant employs 680 full-time employees, produces semi-finished aluminium products and is the largest integrated hard and soft alloy plant in Europe. The site currently has an integrated foundry, 11 presses for direct and indirect extrusion production as well as equipment for additional downstream operations.
About Constellium
Constellium 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 €3.5 billion of revenue in 2013.
constellium.com
The investment follows a €15 million investment announced in May 2014 that included a new casthouse and extrusion line to increase production of hard alloy extrusions by almost 10,000 tons per year. Both investments further Constellium’s strategy of boosting production capacity of high-volume specialty alloy products and extrusions to supply primarily the European automotive market. The plant in Decin mainly serves European automotive Tier One Manufacturers in Germany, Czech Republic, France, Italy, and Switzerland.
“Constellium’s continued investment in the plant in Decin will further expand our production capacity and flexibility for aluminium hard alloy bars and profiles to meet increasing demand from our automotive customers across Europe,” said Paul Warton, President of Constellium’s Automotive Structures and Industry business unit. “The investment we announced today is expected to increase Decin total shipments by 20 percent, from 60,000 metric tons in 2014 to 72,500 metric tons by 2018.” Constellium’s Decin plant employs 680 full-time employees, produces semi-finished aluminium products and is the largest integrated hard and soft alloy plant in Europe. The site currently has an integrated foundry, 11 presses for direct and indirect extrusion production as well as equipment for additional downstream operations.
About Constellium
Constellium 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 €3.5 billion of revenue in 2013.
constellium.com
Les médias du groupe Finyear
Lisez gratuitement :
Le quotidien Finyear :
- Finyear Quotidien
La newsletter quotidienne :
- Finyear Newsletter
Recevez chaque matin par mail la newsletter Finyear, une sélection quotidienne des meilleures infos et expertises de la finance d’entreprise et de la finance d'affaires.
Les 4 lettres mensuelles digitales :
- Le Directeur Financier
- Le Trésorier
- Le Credit Manager
- Le Capital Investisseur
Le magazine bimestriel digital :
- Finyear Magazine
Un seul formulaire d'abonnement pour recevoir un avis de publication pour une ou plusieurs lettres
Le quotidien Finyear :
- Finyear Quotidien
La newsletter quotidienne :
- Finyear Newsletter
Recevez chaque matin par mail la newsletter Finyear, une sélection quotidienne des meilleures infos et expertises de la finance d’entreprise et de la finance d'affaires.
Les 4 lettres mensuelles digitales :
- Le Directeur Financier
- Le Trésorier
- Le Credit Manager
- Le Capital Investisseur
Le magazine bimestriel digital :
- Finyear Magazine
Un seul formulaire d'abonnement pour recevoir un avis de publication pour une ou plusieurs lettres
Autres articles
-
Coinbase et Visa, un partenariat pour des transferts en temps réel
-
Brilliantcrypto, la nouvelle aventure play-to-earn basée sur la blockchain Polygon, arrive sur Epic Game Store
-
Nomination | Truffle Capital promeut Alexis Le Portz en qualité de Partner
-
IPEM Paris 2024 : 5500 participants au Palais des congrès
-
Pomelo annonce une Série A à 35 millions de dollars menée par Vy Capital