Constellium

Constellium to invest in adding 60,000 tonnes per annum aluminium recycling capacity in Europe

On Thursday, February 4, Constellium, a global aluminium rolled and extruded products manufacturer, announced its plans to invest in expanding aluminium recycling capacity by 60,000 tonnes per annum in Europe. This project will focus on using recycled material for manufacturing aluminium slabs dedicated to Constellium’s automotive and packaging businesses in Europe.

“We are excited about the potential to increase our recycling capacity in Europe. We already benefit from the inherently sustainable aspects of aluminium, including its strength, its light weight, and its infinite recyclability. An investment in expanding our recycling capacity is a strong demonstration of our commitment to sustainability. I expect this will be a meaningful contributor to both our financial and ESG objectives over time,” said Jean-Marc Germain, Constellium CEO.

He added, “Furthermore, aluminium is at the epicenter of several sustainability mega-trends across our packaging, automotive, and transportation end markets. As a result, our customers are increasingly demanding products that are sustainably and responsibly produced. We expect this investment will provide opportunities for Constellium to expand its low-carbon product offerings to meet customer needs.”

The sustainable nature of aluminium has been increasing the demand for advanced aluminium solutions produced by Constellium. Constellium expects to finalize the scope and location of the project by the end of 2021, depending upon finalizing engineering and obtaining required permits. Production at the plant is expected to begin within two years of when construction begins. Constellium will provide regular updates on this important strategic initiative.

Source: AlCircle