PARIS, Sept. 17, 2024 (GLOBE NEWSWIRE) — Constellium SE (NYSE: CSTM) celebrates today the opening of its new advanced recycling center at its facility in Neuf-Brisach, France.
This €130 million investment, supported by a grant from the France Relance investment program, will contribute to Constellium’s continued growth in the automotive and packaging industries, while promoting a circular, sustainable economy.
The new recycling center will increase the Neuf-Brisach plant’s capacity to recycle automotive and packaging products by up to 75%, adding 130,000 metric tons. With this new capacity, the facility also expects to increase the recycled content rate of its products, responding to the growing demand for sustainable materials in the automotive and packaging sectors.
The investment brings Constellium’s global recycling capacity to approximately 735,000 metric tons and contributes to a reduction of approximately 400,000 metric tons of greenhouse gas emissions, supporting the company’s sustainability targets of reducing greenhouse gas emissions intensity by 30% in 2030 vs. 2021 and increasing recycled input to at least 50% by 2030.
“I am very proud to celebrate the opening of this new state-of-the-art recycling center today,” said Jean-Marc Germain, CEO of Constellium. “This significant increase in our recycling capacity allows us to better respond to our customers’ demand for sustainable products, and to make significant strides towards our sustainability goals. The aluminium industry is a key player for the circular economy of tomorrow and with this investment, Constellium is well-positioned to contribute and benefit from society’s demand for sustainable and recyclable products.”
In line with Constellium’s commitment to reduce its environmental footprint, comprehensive biodiversity studies were conducted during the construction process to minimize the impact on the local ecosystem. Advanced solutions have been implemented to optimize industrial processes while limiting environmental impact. These technologies maximize energy efficiency, minimize water consumption, and significantly reduce air emissions.
The Neuf-Brisach facility, established in 1967, is one of Constellium’s largest plants with approximately 1,600 employees and a production capacity of 450,000 metric tons annually. Located in Europe’s industrial heartland, the facility primarily serves the packaging and automotive markets.
About Constellium
Constellium (NYSE: 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 €7.2 billion of revenue in 2023.
www.constellium.com
Forward-looking statements
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, while others are more specific to our business and operations. These risks and uncertainties include, but are not limited to: market competition; economic downturn; disruption to business operations; the Russian war on Ukraine; the inability to meet customer demand and quality requirements; the loss of key customers, suppliers or other business relationships; supply disruptions; excessive inflation; the capacity and effectiveness of our hedging policy activities; the loss of key employees; levels of indebtedness which could limit our operating flexibility and opportunities; 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.
| Media Contacts | ||
| Investor Relations | Communications | |
| Jason Hershiser | Delphine Dahan-Kocher | |
| Phone: +1 443 988-0600 | Phone: +1 443 420 7860 | |
| investor-relations@constellium.com | delphine.dahan-kocher@constellium.com | |
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