AMSTERDAM, Jan. 13, 2015 /PRNewswire/ -- Constellium N.V. (NYSE and NYSE Euronext: CSTM) today announced that it provides Ford Motor Co. ( NYSE: F) with aluminium structural parts for the all-new Ford F-150 pickup truck that extensively uses high-strength, military-grade, aluminium alloy as a build material. Constellium, a global leader in the development and manufacturing of aluminium structural parts for the automotive industry, is one of Ford's largest suppliers of these components for the F-150.
The 2015 Ford F-150 delivers the industry's best towing and payload capability among full-size light-duty pickups, enabled by reducing up to 700 pounds of weight through the use of high-strength steel in the frame and aluminium alloy in the body.
To keep pace with increased demand, Constellium has doubled manufacturing capacity at its facility in Van Buren, Michigan, and enhanced advanced prototyping and development capabilities.
"We are delighted to become one of Ford's largest supplier of high-strength aluminium structural parts for the groundbreaking F-150 and see this as an important milestone in the expansion of our global automotive structures business," said Paul Warton, President of Constellium's Automotive Structures and Industry business unit.
"We believe that the automotive industry demand for aluminium will continue to grow as automakers seek to reduce vehicle weight and improve fuel efficiency. With our innovative and value-added solutions and the expansion of our component manufacturing capabilities in the United States, Europe and China, Constellium is strongly positioned to help meet that demand worldwide."
Constellium 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 €3.5 billion of revenue in 2013.
Forward Looking Statements
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, the ability of Constellium and Wise to achieve expected synergies and the timing thereof; the risk that the businesses will not be integrated successfully or such integration may be more difficult, time-consuming or costly than expected; Constellium's increased levels of indebtedness as a result of the transaction, which could limit Constellium's operating flexibility and opportunities; the potential failure to retain key employees as a result of the transaction or during the integration of the business, the loss of customers, suppliers and other business relationships as a result of the transaction; disruptions to business operations resulting from the transaction; slower or lower than expected growth in the North American market for Body-in-White aluminum rolled products and other risk factors set forth under the heading "Risk Factors" in our Annual Report on Form 20-F, 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.