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January 23, 2014
05:30 EDTCSTMConstellium, UACJ plan to creat JV to produce Body-in-White aluminium sheet
Constellium and UACJ Corporation announced that they are joining forces with a view to supply and market aluminum Body-in-White sheet to the North American automotive industry. To achieve this goal, Constellium and UACJ, through Tri-Arrows Aluminum, UACJ's subsidiary with Sumitomo Corporation and Itochu Group, intend to create a joint venture company in the United States, as an equal partnership, to serve the North American market. The JV is expected to include a continuous heat treatment and conversion line with an initial target capacity of 100,000 metric tons supplied by cold rolled coils from both partners' rolling mills. The planned facility is designed to allow for expansion beyond 100,000 tons. The total joint investment by both parties is expected to amount to approximately $150M. Constellium and UACJ are working toward signing a definitive agreement in the first half of 2014.
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November 25, 2015
10:03 EDTCSTMHigh option volume stocks
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November 24, 2015
05:37 EDTCSTMConstellium to build greenfield manufacturing facility Bartow County, Georgia
Constellium announced that it will construct a new manufacturing facility in Bartow County, Georgia, in response to growing demand for its automotive structures in North America. This project represents a $20M investment by Constellium and an additional $12M investment by developer Seefried Properties, for a total project value of $32M. Construction of the plant will begin in early 2016 with start of production anticipated in 2017. Constellium expects to create approximately 150 high-tech manufacturing jobs at this location by 2019.
November 16, 2015
16:19 EDTCSTMPoint72 Asset Management reports 5.1% passive stake in Constellium

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