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Constellium

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Constellium SE
Company typePublic (Societas Europaea)
NYSE: CSTM
IndustryAluminium production
Founded2011
Headquarters
Paris
,
France
Key people
Jean-Marc Germain (CEO) Jack Guo, CFO[1]
RevenueIncrease €7.2 billion (2023)
Increase €+129.0 million (2023)
Total assetsIncrease €4.661 billion (2023)
Total equityIncrease €+864.0 million (2023)
Number of employees
≈12,000 (2023)
Websitehttp://www.constellium.com/

Constellium SE is a Paris-based global manufacturer of aluminium rolled products, extruded products, and structural parts based on a large variety of advanced alloys. Constellium's C-TEC research center has been credited for advancing technology in the field of advanced aluminium alloy.[2] Constellium primarily serves the aerospace, automotive, and packaging sectors. Large clients include Mercedes-Benz,[3] Audi,[4] BMW,[5] Fiat Chrysler Automotive,[6] Ford,[7] Airbus,[8] Boeing,[9] and Bombardier.[10]

History

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Constellium was created when Rio Tinto sold off Alcan Engineered Products to Apollo Management (51%) and FSI (10%) in 2011.[11][12] Prior to that, Alcan Engineered Products was the result of various mergers and acquisitions between Pechiney, Alcan and Alusuisse. Constellium is listed on the New York Stock Exchange.[13] In February 2018, Constellium delisted its shares from Euronext Paris.[14]

In December 2020, workers at a Constellium-owned plant in Muscle Shoals, Alabama went on strike following a failure to agree to new labor contracts.

Operations

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Constellium counts close to 12,500 employees worldwide and operates more than 28 manufacturing sites in North America, Europe and Asia. The company is headquartered in Paris with corporate offices in Baltimore and Zurich.[15]

Research centers

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Founded in 1967, Constellium's C-TEC Technology Center is a research and development center designed to promote innovation in aluminum.[2] Located in Voreppe, France, C-TEC maintains a staff of over 200 R&D technicians and engineers.[16] During the last 50 years, C-TEC has added more than 600 patent families and trademarks, including breakthrough innovations in aluminium alloy for aerospace, automotive, and packaging, including, high performance aluminium-lithium alloy for air-and spacecraft,[17] high-strength aluminium alloys for structural components in the automotive industry,[18] aluminium solutions for aerosols that can lighten products by 30 percent[19] and high-tech aluminium profiles for hybrid motors.

Launched in 2013, the Advanced Light Metals Processing Research Center, a collaboration between Constellium, Brunel University and Jaguar Land Rover, was opened as an innovation center dedicated to the automotive industry. In 2016, the partnership between Constellium and Brunel was extended with the opening of the Constellium University Technology Center (UTC), a research center for the design, development and prototyping of aluminium alloys and automotive structural components.[20] In 2016, Constellium opened an additional research hub dedicated to lightweight automotive aluminium in Plymouth, Michigan.

Sustainability in aluminium industry

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Constellium participates in numerous associations and initiatives aimed at improving sustainability in the aluminium industry. In 2012, the Group founded a Sustainability Council to choose sustainability targets, track performance and ensure accurate disclosure of data in alignment with the Global Reporting Initiative, Carbon Disclosure Project, and United Nations Global Compact.[21] The company is also a founding member of the Aluminium Stewardship Initiative (ASI), a global, multi-stakeholder, non-profit organization for the aluminium industry.[22] ASI sets standards across the entire aluminium value chain, including in areas such as mining, greenhouse gas emissions, waste management, material stewardship, biodiversity, human rights, and responsible strategic sourcing.[23]

With plants in Muscle Shoals, Alabama, and Neuf-Brisach, France, the company has the capacity to recycle the equivalent of 23 billion cans a year.[24] The company also works with the European Aluminium Association, the US Aluminum Association, and the Can Manufacturers Institute to increase beverage can recycling.[25] In particular, the company supports the European aluminium industry's target to reach an 80 percent beverage can recycling rate by 2020.[24]

References

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  1. ^ "Governance". 16 February 2023. Archived from the original on 12 August 2016. Retrieved 11 July 2016.
  2. ^ a b "Constellium Celebrates 50 Years of Innovation at C-TEC - Light Metal Age Magazine". Light Metal Age Magazine. 24 July 2017. Retrieved 26 October 2018.
  3. ^ "Constellium to supply aluminium Auto Body Sheet for new Mercedes-Benz CLS – Automotive Purchasing". automotivepurchasing.com. Archived from the original on 26 October 2018. Retrieved 26 October 2018.
  4. ^ "ModernMetals.com | Constellium provides aluminum solutions for the new Audi A7". www.modernmetals.com. Archived from the original on 26 October 2018. Retrieved 26 October 2018.
  5. ^ "Constellium supplying BMW for 5 Series - Automotive Manufacturing Solutions". Automotive Manufacturing Solutions. 2 May 2017. Retrieved 26 October 2018.
  6. ^ "Constellium named preferred aluminum supplier for Alfa Romeo Stelvio". Retrieved 26 October 2018.
  7. ^ "Constellium Provides Aluminum Structural Parts for All-New Ford F-150 - World Industrial Reporter". World Industrial Reporter. 14 January 2015. Retrieved 26 October 2018.
  8. ^ "Constellium signs multiyear contract with Airbus". Aerospace Manufacturing and Design. Retrieved 26 October 2018.
  9. ^ Commerce, WV Department of. "Constellium awarded multiyear agreement with Boeing". www.wvcommerce.org. Retrieved 26 October 2018.[permanent dead link‍]
  10. ^ Reuters Editorial. "BRIEF-Constellium consolidates partnership with Bombardier through..." U.S. Retrieved 26 October 2018. {{cite news}}: |author= has generic name (help)
  11. ^ Editorial, Reuters (28 October 2023). "Apollo, French state to buy Rio's Alcan EP". Archived from the original on 6 March 2016. {{cite web}}: |first= has generic name (help)
  12. ^ "News, Sports, Jobs - News and Sentinel". www.parkersburgnews.com. Archived from the original on 6 October 2011. Retrieved 27 May 2011.
  13. ^ "Constellium prices IPO at $15, below the range". 23 May 2013.
  14. ^ "Constellium se retire d'Euronext". FIGARO. 31 January 2018. Retrieved 26 October 2018.
  15. ^ "Constellium at a glance". Constellium. 6 September 2017. Archived from the original on 27 October 2020. Retrieved 26 October 2018.
  16. ^ "State of the Art R&D". Constellium. 28 November 2017. Retrieved 26 October 2018.
  17. ^ Paris, Constellium. "Constellium to Present New Aerospace Innovations at Paris Air Show". GlobeNewswire News Room. Retrieved 26 October 2018.
  18. ^ "Constellium Provides Lightweight Aluminium Solutions for BMW 5 Series -". 10 May 2017. Archived from the original on 26 October 2018. Retrieved 26 October 2018.
  19. ^ "Constellium launches Aeral, a new aluminium solution designed for the aerosol market". Constellium. 20 October 2015. Retrieved 26 October 2018.
  20. ^ "New metals processing centre unveiled at Brunel | Brunel University London". www.brunel.ac.uk. Retrieved 26 October 2018.
  21. ^ "Sustainability: the core of our business". Constellium. 10 October 2017. Archived from the original on 26 October 2018. Retrieved 26 October 2018.
  22. ^ "Constellium - Aluminium Stewardship Initiative". aluminium-stewardship.org. Retrieved 26 October 2018.
  23. ^ "ASI Standards - Aluminium Stewardship Initiative". Aluminium Stewardship Initiative. Retrieved 26 October 2018.
  24. ^ a b "Constellium 2017 Business and Sustainability Performance Report" (PDF).
  25. ^ "Sustainability and Recycling". Constellium. 10 October 2017. Archived from the original on 26 October 2018. Retrieved 26 October 2018.
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