|By PR Newswire||
|February 20, 2014 02:31 AM EST||
AMSTERDAM, Feb. 20, 2014 /PRNewswire/ -- Constellium N.V. (NYSE and NYSE Euronext: CSTM) today announced the launch of new aluminium high-strength Crash Management Systems (CMS) technology designed for the front and the rear of a vehicle for enhanced structural protection in the event of a collision. Constellium's innovative technology enables the production of aluminium CMS that are 15 percent lighter and 10 percent stronger than the current aluminium CMS on the market.
"As a leading supplier of automotive Crash Management Systems with both engineering and manufacturing capabilities in Europe, China, and the United States, Constellium is continuously developing innovative technologies and products to further increase the use of aluminium extrusions in the automotive market," said Paul Warton, President of Constellium's Automotive Structures and Industry business unit. "We believe that Constellium's technology combined with advanced design and manufacturing capabilities will result in higher performance and cost efficiency, thus opening new possibilities to expand the use of full-aluminium CMS in the mass-market car segment."
Automotive sector analysts expect the use of aluminium CMS to increase in the next five years, particularly in European premium cars. By 2018, aluminium CMS are projected to capture about 30 percent of total European automotive market share. In the United States, aluminium CMS are expected to account for nearly 20 percent market share by 2018. Combined aluminium CMS production for China, Europe and North America is expected to reach more than 28 million units by 2018.
Constellium's new-generation CMS combine the properties of the 6xxx aluminium alloy family – formability, corrosion resistance, energy absorption, recyclability – with high-strength mechanical performance.
"Thanks to our world-class capabilities in diverse geographies, expertise in both extrusion and rolling techniques, and determination to continuously develop our leadership, we believe Constellium is uniquely placed to serve the growing market for aluminium in the automotive industry, both in structural parts and Body-in-White," commented Pierre Vareille, Chief Executive Officer of Constellium.
Constellium's CMS technology was developed through cutting-edge research at Constellium's R&D Center in Voreppe, France, testing at its industrial sites, and in close collaboration with its automotive customers.
Constellium (NYSE and NYSE Euronext: 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 €3.6 billion of revenue in 2012.
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 those set forth under the heading "Risk Factors" in our most recent Form F-1 Registration Statement 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.
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