AMSTERDAM, March 28, 2017 /PRNewswire/ -- Constellium N.V.
(NYSE and Euronext Paris: CSTM) today announced that it has
installed a new recycling furnace at its Muscle Shoals, Ala. facility in an effort to
expand recycling capabilities in North
America. The now fully operational furnace is expected to
increase the total recycling output by 170 million pounds, or about
5.2 billion additional used beverage cans per year. The
Muscle Shoals facility will then
be expected to recycle the equivalent of nearly 20 billion cans per
year – almost one-fifth of the cans sold in the United States.
"This new furnace is a major step for our Muscle Shoals facility, great news for our
customers and an exciting step forward in our commitment to promote
recycling and sustainability," said Mike
Tanchuk, president and CEO of the plant. "This increased
recycling capacity will enable us to better leverage aluminium's
infinite recyclable properties."
Joe Pampinto, Muscle Shoals' plant manager, added: "I am
proud of the team who delivered this state-of-the-art equipment.
The furnace is now fully operating and this added recycling
capacity will increase the molten metal supply required for
Using advanced technologies, the new furnace, which meets the
Best Available Control Technology (BACT) environmental
requirements, is expected to improve the safety, energy efficiency
and environmental footprint of the plant.
Known as Element 13, the recycling facility at the Muscle Shoals plant is one of the largest
recyclers of used beverage containers in the world. This capacity,
which enables the plant to recycle products at their end-of-life
(EOL) as well as scrap from customers, contributes to Constellium's
overall engagement to 'close the loop' in beverage can recycling.
Constellium is part of the Sustainable Committee of the American
Aluminum Association and works closely with the Can Manufacturers
Institute to raise environmental awareness and promote recycling
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
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"would," "could" and similar expressions (or the negative of these
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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 to achieve expected synergies and the timing thereof; the risk
that the businesses will not be integrated successfully or such
integration may be more difficult, time-consuming or costly than
expected; Constellium's increased levels of indebtedness as a
result of the acquisition of Wise Metals, which could limit
Constellium's operating flexibility and opportunities; the
potential failure to retain key employees as a result of the
acquisition of Wise Metals or during the integration of the
business, the loss of customers, suppliers and other business
relationships as a result of the acquisition of Wise Metals;
disruptions to business operations resulting from the acquisition
of Wise Metals; 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.