Constellium signs multi-year contract with Robert Bosch to double its supply of Anti-lock Braking System (ABS) fabricated profiles
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.
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".
Logo - https://mma.prnewswire.com/media/463991/CONSTELLIUM_LOGO_Logo.jpg
Share this article