AMSTERDAM, April 8, 2014 /PRNewswire/ -- Constellium N.V. (NYSE and NYSE Euronext: CSTM) announced today that it will significantly increase the industrial capacity of its Issoire ( France) plant to meet accelerating demand for its AIRWARE ® technology.
Building on the experience of Constellium's first casthouse inaugurated in March 2013, which is already producing AIRWARE ® at industrial scale, the two new state-of-the-art casthouses are expected to start and ramp-up production in 2015 and 2016 respectively.
These two additional casthouses will allow Constellium to nearly triple its production of advanced solutions based on its AIRWARE ® technology, which was selected to be part of major new aerospace programs including Airbus' A350 XWB, Bombardier's CSeries and SpaceX's Falcon 9 Launcher.
"This strategic move demonstrates our ability to not only be the leading innovator in our field but also scale up the production of AIRWARE ®, our patented range of aluminum-lithium alloys," stated Jean-Christophe Figueroa, President of Constellium's Aerospace and Transportation Business Unit. "Our investment, which will allow us to meet greater demand than anticipated under contract, clearly illustrates our long term commitment to strengthen our leading position in the aerospace market. And we intend to continue to expand our industrial platform in the future to accompany customer's needs," Figueroa added.The AIRWARE ® technology is considered a true game changer as it demonstrates a unique combination of strength, lightness, and improved corrosion resistance. Taking advantage of lower alloy density and improved material properties, AIRWARE ® enables the re-design of structural parts and allows aircraft manufacturers to reduce the weight of aerospace components by up to 25 percent. AIRWARE ® also eases the production of complex parts, guarantees higher durability due to its greater resistance to metal fatigue and corrosion, and contributes to the development of a more sustainable aerospace industry due to its infinite recyclability. 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.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV