Constellium signs long-term agreement with Lotte Infracell and invests to increase capacity at its Singen facility to supply foilstock for battery applications in Europe
Constellium SE (NYSE: CSTM) has signed a long-term agreement with Lotte Infracell to supply foilstock for battery applications in Europe. This partnership underscores Constellium's commitment to the growing electric vehicle (EV) market. With Lotte Infracell's financial support, Constellium plans to invest €30 million in new finishing lines at its Singen facility in Germany, enhancing production capacity and creating 20 new jobs.
The investment aims to strengthen Constellium Singen's position in the aluminium automotive specialties market. Aluminium's properties, including lighter weight, conductivity, and chemical stability, make it advantageous for large-scale production of EV batteries. This collaboration ensures a reliable supply of high-quality foilstock for Lotte's battery applications, supporting the rapid growth of the EV market in Europe.
Constellium SE (NYSE: CSTM) ha firmato un accordo a lungo termine con Lotte Infracell per fornire materiali in fogli per applicazioni in batterie in Europa. Questa partnership sottolinea l'impegno di Constellium nel crescente mercato dei veicoli elettrici (EV). Con il supporto finanziario di Lotte Infracell, Constellium prevede di investire 30 milioni di euro in nuove linee di finitura presso il suo stabilimento di Singen in Germania, aumentando la capacità produttiva e creando 20 nuovi posti di lavoro.
Questa investimento mira a rafforzare la posizione di Constellium Singen nel mercato delle specialità automobilistiche in alluminio. Le proprietà dell'alluminio, compreso il peso ridotto, la conduttività e la stabilità chimica, lo rendono vantaggioso per la produzione su larga scala di batterie per veicoli elettrici. Questa collaborazione garantisce una fornitura affidabile di materiali in fogli di alta qualità per le applicazioni di Lotte, supportando la rapida crescita del mercato EV in Europa.
Constellium SE (NYSE: CSTM) ha firmado un acuerdo a largo plazo con Lotte Infracell para suministrar material de lámina para aplicaciones de baterías en Europa. Esta asociación subraya el compromiso de Constellium con el creciente mercado de vehículos eléctricos (EV). Con el apoyo financiero de Lotte Infracell, Constellium planea invertir 30 millones de euros en nuevas líneas de acabado en su planta de Singen, Alemania, aumentando la capacidad de producción y creando 20 nuevos empleos.
La inversión tiene como objetivo fortalecer la posición de Constellium Singen en el mercado de especialidades en aluminio para automóviles. Las propiedades del aluminio, que incluyen un peso más ligero, conductividad y estabilidad química, lo hacen ventajoso para la producción a gran escala de baterías de vehículos eléctricos. Esta colaboración asegura un suministro confiable de material de lámina de alta calidad para las aplicaciones de Lotte, apoyando el rápido crecimiento del mercado de EV en Europa.
Constellium SE (NYSE: CSTM)는 유럽에서 배터리 응용을 위한 포일 재료를 공급하기 위해 Lotte Infracell과 장기 계약을 체결했습니다. 이 파트너십은 전기차(EV) 시장의 성장에 대한 Constellium의 의지를 강조합니다. Lotte Infracell의 재정 지원으로 Constellium은 독일 Singen 시설에 3000만 유로를 투자할 계획이며, 이를 통해 생산 능력을 강화하고 20개의 새로운 일자리를 창출할 예정입니다.
이번 투자는 Constellium Singen의 자동차용 알루미늄 특수 시장에서의 위치를 강화하는 데 목적을 두고 있습니다. 알루미늄의 특성, 즉 가벼운 중량, 전도성 및 화학적 안정성은 전기차 배터리의 대량 생산에 유리합니다. 이번 협업은 Lotte의 배터리 응용을 위한 고품질 포일 재료의 신뢰할 수 있는 공급을 보장하여 유럽 EV 시장의 급속한 성장에 기여할 것입니다.
Constellium SE (NYSE: CSTM) a signé un accord à long terme avec Lotte Infracell pour fournir des matériaux en feuille pour des applications de batteries en Europe. Ce partenariat souligne l'engagement de Constellium envers le marché croissant des véhicules électriques (EV). Avec le soutien financier de Lotte Infracell, Constellium prévoit d'investir 30 millions d'euros dans de nouvelles lignes de finition dans son usine de Singen, en Allemagne, afin d'augmenter sa capacité de production et de créer 20 nouveaux emplois.
Cette investissement vise à renforcer la position de Constellium Singen sur le marché des spécialités en aluminium pour l'automobile. Les propriétés de l'aluminium, notamment son poids léger, sa conductivité et sa stabilité chimique, en font un atout pour la production à grande échelle de batteries de véhicules électriques. Cette collaboration garantit un approvisionnement fiable en matériaux en feuilles de haute qualité pour les applications de Lotte, soutenant ainsi la croissance rapide du marché des EV en Europe.
Constellium SE (NYSE: CSTM) hat eine Langzeitvereinbarung mit Lotte Infracell unterzeichnet, um Folienmaterial für Batterien in Europa zu liefern. Diese Partnerschaft hebt das Engagement von Constellium im wachsenden Markt für Elektrofahrzeuge (EV) hervor. Mit der finanziellen Unterstützung von Lotte Infracell plant Constellium, 30 Millionen Euro in neue Fertigungslinien in seinem Werk in Singen, Deutschland, zu investieren, um die Produktionskapazität zu erhöhen und 20 neue Arbeitsplätze zu schaffen.
Die Investition zielt darauf ab, die Position von Constellium Singen im Markt für aluminiumhaltige Spezialprodukte in der Automobilindustrie zu stärken. Die Eigenschaften von Aluminium, einschließlich geringem Gewicht, Leitfähigkeit und chemischer Stabilität, machen es vorteilhaft für die großtechnische Produktion von EV-Batterien. Diese Zusammenarbeit gewährleistet eine zuverlässige Versorgung mit hochwertigem Folienmaterial für Lottes Batterieanwendungen und unterstützt das schnelle Wachstum des EV-Marktes in Europa.
- Signed long-term agreement with Lotte Infracell for foilstock supply
- €30 million investment in new finishing lines at Singen facility
- Creation of 20 new jobs at Singen site
- Strengthening position in aluminium automotive specialties market
- Expansion into growing electric vehicle battery market
- None.
The partnership between Constellium and Lotte Infracell is a significant strategic move, particularly in light of the growing electric vehicle (EV) market in Europe. Constellium's commitment to invest €30 million in its Singen facility not only boosts its production capacity but also aligns with the increasing demand for high-quality battery components. This investment is a clear indication of Constellium's proactive approach to capturing a larger market share in the aluminium automotive specialties sector.
From a financial perspective, this move is likely to enhance Constellium's revenue streams in the medium to long term. The creation of 20 new jobs is a modest but positive sign for local economic growth and can help in optimizing production efficiency. Additionally, the financial backing from Lotte Infracell suggests stability and reduces the risk associated with this investment. Investors should view this partnership as a strategic alignment with market demand, potentially leading to stock appreciation.
This partnership underscores the technological advancements in the EV market and the critical role aluminium plays in battery production. Aluminium is ideal for battery applications due to its lightweight properties, conductivity and chemical stability. Constellium's expertise in developing high-quality aluminium solutions positions it well to meet these industry needs. The investment in the Singen facility's finishing lines will likely lead to improved production techniques and higher quality outputs, leveraging advanced technology to meet stringent automotive standards.
For tech-focused investors, this move demonstrates Constellium's commitment to staying at the forefront of material science innovation in the automotive sector. The collaboration with Lotte Infracell could also lead to further technological synergies, driving future advancements in EV battery technologies.
The partnership with Lotte Infracell signifies Constellium's strategic focus on the burgeoning European EV market. Europe is witnessing robust growth in EV adoption, driven by regulatory policies and consumer demand for sustainable transportation solutions. By securing a long-term supply agreement, Constellium not only ensures a steady demand for its aluminium foilstock but also strengthens its market position amidst growing competition.
This collaboration is well-timed given the EV market's trajectory in Europe. Investors should note that such strategic alignments with key players in the supply chain can significantly enhance Constellium’s competitive edge. The market's response to this partnership is likely to be positive, especially if Constellium can demonstrate consistent quality and reliability in its product offerings.
PARIS, July 23, 2024 (GLOBE NEWSWIRE) -- Constellium SE (NYSE: CSTM) announced today that it has signed a long-term agreement with Lotte Infracell, a subsidary of Lotte Aluminium, a leading provider of aluminium solutions, to supply foilstock for Lotte's battery foil applications in Europe. This partnership highlights Constellium's commitment to the growing electric vehicle (EV) market and its strategic focus on cutting-edge automotive aluminium solutions.
Under this agreement, Constellium will supply high-quality foilstock from its Singen site in Germany. With Lotte Infracell’s financial support, Constellium is planning to invest around
“We are thrilled to collaborate with Lotte Infracell and supply their European operations with our high-quality foilstock,” said Jean-Marc Germain, CEO of Constellium. “This partnership is a testament to Constellium's expertise in developing cutting-edge aluminium solutions for the growing electric vehicle market. Our investment in the Singen site underscores our commitment to innovation and our dedication to meeting the evolving needs of our customers.”
“We are excited to partner with Constellium, a renowned leader in aluminium automotive specialty solutions,” said Mr. Yon Su Choi, CEO of Lotte Aluminium and Lotte Infracell. “This collaboration will ensure a reliable supply of high-quality foilstock for our battery applications, supporting the rapid growth of the electric vehicle market in Europe.”
Aluminium's lighter weight, conductivity, chemical stability, and lower cost provide a balanced combination of properties that are particularly advantageous for the large-scale production of batteries for electric vehicles. Constellium’s innovative aluminium products are well-suited to meet the demands of this dynamic market, providing superior performance and contributing to the overall sustainability of electric vehicles.
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
www.constellium.com
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