Constellium Announces Partnership with Tesem to "Closing the Loop" on Aluminium Recycling

Rhea-AI Summary

Constellium has announced a partnership with Tesem, a global leader in luxury packaging, to advance sustainable aluminium production through an initiative called 'Closing the Loop'. This collaboration aims to create a closed-loop system for recycling high-purity aluminium, significantly reducing the carbon footprint of aluminium production.

Key aspects of the partnership include:

• Tesem's investment in enhancing assets for efficient cleaning and preparation of aluminium scrap
• Collaboration between R&D teams to meet quality standards and adjust casting parameters
• Supply of aluminium coils with reduced carbon footprint from Constellium to Tesem
• Recycling aluminium emits 95% fewer greenhouse gas emissions than producing primary metal

The initiative demonstrates the potential for strategic collaboration to drive innovation and sustainability in the luxury cosmetic packaging market.

Positive

• Partnership with Tesem to create a closed-loop aluminium recycling system
• Significant reduction in carbon footprint for aluminium production
• 95% reduction in greenhouse gas emissions compared to primary metal production
• Enhanced sustainability in the luxury cosmetic packaging market

Negative

• None.

PARIS, Sept. 26, 2024 (GLOBE NEWSWIRE) -- Constellium is pleased to announce a partnership with Tesem, a global leader in luxury packaging, to advance sustainable aluminium production through an initiative called "Closing the Loop." This collaboration underscores Constellium’s dedication to reducing environmental impact and promoting circular economy practices.

Through this partnership, Constellium will work closely with Tesem to create a closed-loop system that enables the recycling of high-purity aluminium. Tesem has invested in enhancing their assets to ensure the efficient cleaning and preparation of aluminium scrap. Both companies' R&D teams have collaborated to ensure the scrap meets the stringent quality standards required and to adjust casting parameters to integrate higher levels of recycled material.

This innovative approach will allow Constellium to supply Tesem with aluminium coils that have a significantly reduced carbon footprint, as recycling aluminium emits 95% fewer greenhouse gas emissions than producing primary metal.

“We are excited to partner with Tesem on this important initiative," said Patrick Broom, Director Sales & Marketing Specialties of Constellium. "The 'Closing the Loop' project is a prime example of how strategic collaboration can drive innovation and sustainability in the luxury cosmetic packaging market."

"We are proud to work with Constellium to create a sustainable future through this closed-loop recycling system,” said Guillem Serrat, General Manager, Tesem. "This partnership not only supports our environmental goals but also strengthens the quality and sustainability of our products."

Constellium is supplying Tesem with highly specialized aluminium surfaces from its rolling mill in Singen, Germany.

Watch the video that celebrates this important milestone and showcases the collaborative efforts that made "Closing the Loop" a reality.

About Constellium

Constellium (NYSE: CSTM) 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 €7.2 billion of revenue in 2023.
www.constellium.com

Media Contacts
Investor Relations	Communications
Jason Hershiser	Delphine Dahan-Kocher
Phone: +1 443 988-0600	Phone: +1 443 420 7860
investor-relations@constellium.com	delphine.dahan-kocher@constellium.com

FAQ

What is the 'Closing the Loop' initiative announced by Constellium (CSTM)?

The 'Closing the Loop' initiative is a partnership between Constellium and Tesem to create a closed-loop system for recycling high-purity aluminium, aimed at advancing sustainable aluminium production and reducing environmental impact in the luxury packaging industry.

How does the Constellium (CSTM) and Tesem partnership reduce carbon footprint?

The partnership reduces carbon footprint by recycling aluminium, which emits 95% fewer greenhouse gas emissions than producing primary metal. Constellium supplies Tesem with aluminium coils that have a significantly reduced carbon footprint due to this recycling process.

What role does Tesem play in the Constellium (CSTM) 'Closing the Loop' initiative?

Tesem has invested in enhancing their assets to ensure efficient cleaning and preparation of aluminium scrap. They collaborate with Constellium's R&D team to meet quality standards and adjust casting parameters for integrating higher levels of recycled material.

Where is Constellium (CSTM) supplying the specialized aluminium surfaces from for the Tesem partnership?

Constellium is supplying Tesem with highly specialized aluminium surfaces from its rolling mill in Singen, Germany.