Constellium Se - CSTM STOCK NEWS

Constellium SE (NYSE: CSTM) has been awarded the Supplier of the Year Award by Stellantis for its strong commitment to Corporate Social Responsibility (CSR). The award recognizes Constellium's best-in-class performance in supplying Stellantis and its strict CSR requirements applied to its business and supply chain. As a long-time partner of Stellantis' brands, Constellium provides aluminium automotive body sheet products and extrusion-based structural solutions for numerous vehicle platforms in Europe and the U.S.

Constellium's sustainability efforts have been recognized by several independent organizations, including EcoVadis, Carbon Disclosure Project (CDP), MSCI ESG Ratings, and ISS-Oekom. The company recently achieved ASI Performance Standard Certification for all its global operations. The award was presented during an annual event in Turin, Italy, attended by over 200 Stellantis global suppliers and partners.

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.

Constellium SE (NYSE: CSTM) has inaugurated a new advanced recycling center at its Neuf-Brisach facility in France. This €130 million investment, supported by the France Relance program, aims to boost the plant's recycling capacity for automotive and packaging products by up to 75%, adding 130,000 metric tons. The expansion will increase Constellium's global recycling capacity to approximately 735,000 metric tons and reduce greenhouse gas emissions by about 400,000 metric tons.

This initiative aligns with Constellium's sustainability goals of reducing greenhouse gas emissions intensity by 30% by 2030 and increasing recycled input to at least 50% by 2030. The new center employs advanced technologies to optimize processes while minimizing environmental impact, focusing on energy efficiency, water conservation, and air emission reduction.

Constellium SE (NYSE: CSTM) has achieved Aluminium Stewardship Initiative (ASI) Performance Standard Certification for all its operations worldwide and its Paris corporate office. This certification, based on ASI's latest Performance Standard Version 3.0, covers 11 principles addressing responsible production, sourcing, and stewardship in the aluminium value chain. European and North American operations are certified on all 11 principles, while Chinese operations are certified on the first four principles as material converters.

CEO Jean-Marc Germain emphasized that this achievement reflects Constellium's commitment to responsible business practices and sustainable aluminium solutions. The certification aligns with the company's recycling capacity and sustainability commitments, addressing customer and societal expectations. Constellium aims to reduce greenhouse gas emissions intensity by 30% by 2030 (vs. 2021) and increase recycled input to at least 50% by 2030.

Constellium (NYSE: CSTM) has announced the successful completion of its ALIVE project, focused on developing lightweight aluminium battery enclosures for electric vehicles. The £15m collaborative research project, led by Constellium's University Technology Center at Brunel University London, achieved weight savings of 12% to 35% compared to existing designs while meeting performance targets.

The project involved six industrial partners and two university technology partners, utilizing Constellium's high-strength alloys and various joining and forming technologies. Full-scale prototypes were built and tested, demonstrating superior performance in crash tests, vibration, and fire resistance. The team also developed cost models and conducted a life cycle assessment, validating the benefits of aluminium solutions over steel designs.

Constellium SE (NYSE: CSTM) has announced the appointment of Bradley L. Soultz as Special Advisor to the Board of Directors, effective September 2024. The Board plans to nominate Soultz as a Non-Executive Director at the 2025 Annual General Meeting. Soultz brings extensive leadership experience, currently serving as CEO of WillScot Mobile Mini (Nasdaq: WSC) since 2020. His background includes roles as President and CEO of WillScot and Williams Scotsman, as well as nine years at Novelis, where he was Chief Commercial and Strategy Officer. Soultz, a U.S. national with experience in both Europe and North America, holds a Bachelor of Science in Agricultural Engineering from Purdue University.

Constellium SE (NYSE: CSTM) has priced a private offering of €300 million euro-denominated and $350 million U.S. dollar-denominated senior unsecured notes due 2032. The Euro Notes will bear interest at 5.375% per annum, while the USD Notes will bear interest at 6.375% per annum. The Notes Offering is expected to close on August 8, 2024. Constellium plans to use the net proceeds, along with cash on hand, to redeem all outstanding 5.875% Senior Notes due 2026 and 4.250% Senior Notes due 2026. The redemption date is set for August 26, 2024, at 100.000% of the aggregate principal amount plus accrued interest.

Constellium SE (NYSE: CSTM) has announced a proposed private offering of approximately €300 million of euro denominated senior unsecured notes and $350 million of U.S. dollar denominated senior unsecured notes, both due 2032. The company plans to use the net proceeds, along with cash on hand, to redeem all of its outstanding 5.875% Senior Notes due 2026 and 4.250% Senior Notes due 2026. The new notes will be offered to qualified institutional buyers in the U.S. under Rule 144A and outside the U.S. under Regulation S. This offering is subject to market conditions and there is no guarantee of completion. The notes are not intended for retail investors in the EEA or UK.

Constellium's (NYSE: CSTM) Muscle Shoals facility in Alabama has been awarded a $23 million grant from the U.S. Department of Defense (DoD) to rebuild its Direct Chill aluminium casting center. The funding, provided under the Defense Production Act, will be used to install state-of-the-art casting equipment, potentially adding up to 300 million pounds of annual casting capacity.

This investment aims to increase recycled input, reduce primary metal use, and provide an additional domestic source of aluminium rolling ingot for the U.S. industrial base. The expansion is expected to help meet growing demand for flat rolled aluminium products across multiple industries, including defense, aerospace, automotive, and packaging.