Constellium inaugurates a breakthrough casthouse in Issoire to be rate-ready with AIRWARE(R)
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For best results when printing this announcement, please click on the link below: http://pdf.reuters.com/htmlnews/8knews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20130326:nHUGd0kx A 52 M EUR investment to meet a growing aerospace demand for high performing solutions Issoire, 26 March, 2013 - Earlier today, Constellium held a major ceremony to present to its customers and partners its ground-breaking casthouse in Issoire (Puy-de-Dôme, France) dedicated to low density alloys. The event signals the industrialization of its highly innovative AIRWARE(R) technology, which demonstrates a unique combination of strength, lightness, resistance to fatigue and recyclability. "These properties enable AIRWARE(R) solutions to be at the fore when it comes to choosing aerospace materials. We believe AIRWARE(R) is a true game changer that contributes to delivering a more efficient, cost effective and greener industry", said Christophe Villemin, President of Constellium's Global Aerospace activities. AIRWARE(R) is already making a difference for airframe makers. It has been selected for the Airbus A350 XWB (internal wing structures, fuselage), the Bombardier C-Series (fuselage) and the SpaceX Falcon 9 Launcher. Eric Zanin, Airbus Senior Vice President and Chief Supply Chain Officer Procurement, said: "AIRWARE(R) has been a major opportunity to further extend our partnership with Constellium. This project illustrates our common efforts to develop innovative platforms and to ensure technological leadership. This casthouse showcases Constellium's ability to support our ambitions". "We want to make a compelling case for selecting AIRWARE(R), at a time when supply chain reliability and on-time delivery are key decision drivers. Our responsibility as partners of the aerospace industry is to make innovation widely available," added Christophe Villemin. "We believe the AIRWARE(R) casthouse gives proof of our commitment to customers through our capacity to deliver innovation. This is an exciting development that we expect will allow us to meet new opportunities, such as those existing in the strategic twin-aisle and single aisle markets". The success of AIRWARE(R) goes far beyond product innovation. Constellium had to reinvent some manufacturing processes to industrialize this technology, adopting a 360° approach to innovation. A total amount of EUR52 million is dedicated to this project, which included a pilot phase that took place in Constellium's R&D center in Voreppe (Isère) three years ago. Constellium believes the AIRWARE(R) casthouse strengthens Constellium's integrated manufacturing system, which brings together aerospace plants from Issoire, Ravenswood (USA) and Sierre (Switzerland). About Constellium Constellium, formerly Alcan Engineered Products, is a global sector leader that develops innovative, value added aluminium products and solutions for a broad scope of markets and applications, including aerospace, automotive, packaging and industry. Constellium is owned by affiliates of Apollo Global Management (51%), Rio Tinto (39%) and the "Fonds Stratégique d'Investissement" FSI (10%). With around 8,900 employees Constellium generated approximately EUR3.61 billion of revenue in 2012. www.constellium.com http://www.constellium.com About AIRWARE(R) AIRWARE(R) is a breakthrough technology designed for all parts of an aircraft structure (fuselage, wings and tail fins). Drawing on an engineered microstructure exploiting nanoscale strengthening, AIRWARE(R) allows plane manufacturers to reduce the weight of aerospace components by up to 25%, taking advantage of lower alloy density, improved material properties and re-design of structural parts - a real benefit for airlines, for which fuel represents 30-40% of their costs. In addition, its superior resistance to corrosion and fatigue enables extended heavy maintenance intervals. It allows aircraft to reduce CO2 emissions and its 100% recyclability makes a major contribution to a sustainable aerospace industry. Constellium Laura Berneri Phone: +33 (0)1 73014673 firstname.lastname@example.org file:///C:/Documents%20and%20Settings/Documents%20and%20Settings/berneril/Documents%20and%20Settings/Users/ademontvalon/AppData/Local/Microsoft/Windows/Temporary%20Internet%20Files/Content.Outlook/MO3PVN1Temail@example.com Hill+Knowlton Strategies Elizabeth Cheek Phone: +1 (212) 885 0682 firstname.lastname@example.org mailto:email@example.com Media relations Constellium Corporate Aina Ramboatiana Phone : +33 (0)1 80 50 53 11 firstname.lastname@example.org Media relations Constellium Aerospace Anne-Elvire Kormann-Esmel Phone : +33 (0)1 44 94 86 74 email@example.com mailto:firstname.lastname@example.org Constellium inaugurates Issoire http://hugin.info/151297/R/1688208/553771.pdf ---------------------------------------------------------------------------------------------------- This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Constellium via Thomson Reuters ONE HUG#1688208