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Stock Market & Financial Investment News

News Breaks
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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June 24, 2015
05:15 EDTCSTMConstellium, Linde announce joint development agreement
Constellium N.V. (CSTM) and Linde Gases, a division of The Linde Group (LNAGF), announced that they have signed a joint development agreement to use Linde's oxy-fuel technology in Constellium's recycling and melting furnaces, with a goal of cutting energy consumption by half while increasing melting rates by 20 percent. This announcement follows a long-term partnership with Linde in the area of energy-efficient re-melting technologies. The joint development agreement will build on the recent successful implementation of Linde's technology in Constellium's finishing and recycling aluminium facility of Neuf-Brisach, France, where two of the four rotary tilting furnaces have been converted to low-temperature oxy-fuel combustion technology. Following this implementation, Constellium was able to achieve greater productivity and to accelerate progress on its sustainability roadmap. The conversion of the remaining furnaces at the France plant is scheduled to be completed by the end of 2016.
June 23, 2015
07:49 EDTCSTMConstellium shares have 'meaningful' upside, says JPMorgan
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