Business
Constellium SE (NYSE: CSTM) was recognized with the “Best Performer Award” by Airbus at its annual Supply Chain and Quality Improvement Program (SQIP) ceremony in Toulouse, France on January 28, 2020.
The company was rewarded for its long-term partnership and sustained performance to supply its innovative and high performing aerospace aluminium products and solutions from its U.S. and France-based aerospace facilities. SQIP was created by Airbus to promote and ensure a stable, top-quality production system and supply chain across the aerospace industry.
“We are honored to receive this award as it reflects our strong relationship with Airbus over the years and our strategic focus on industrial performance to better service our customer’s operations,” said Ingrid Joerg, President of Aerospace and Transportation at Constellium. “We look forward to continuing to support Airbus on new initiatives and to further grow our partnership in the years to come.”
“Constellium has worked for seven years on projects to improve delivery and quality performance for products sent to Airbus and its suppliers successfully,” said Mihaela Turtoi, Supplier Operational Manager at Airbus. “The implementation of these projects has shown great performance while recognizing Constellium as Best Improver in 2019 and Best Performer in 2020.”
Constellium and Airbus have had a longstanding partnership for decades, including in 2010 the introduction of the Airware™ technology on the A350 XWB. These last years, the two companies have deepened their collaboration to improve supply chain and recycling solutions and to reduce inventory throughout the value chain.
Constellium supports all leading aircraft programs at Airbus with advanced aerospace alloys from its facilities in Issoire and Montreuil Juigné in France, and Ravenswood, West Virginia, USA. The three plants form an integrated industrial platform with unique capabilities.
Forward Looking Statement
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 the Redemption. 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, Constellium’s increased levels of indebtedness which could limit Constellium’s operating flexibility and opportunities, economic downturn, the loss of key customers, suppliers or other business relationships; disruption to business operations; the inability to meet customer quality requirements, delayed readiness for the North American Auto Body Sheet market, the capacity and effectiveness of our hedging policy activities, failure to retain key employees and other risk factors set forth under the heading “Risk Factors” in our Annual Report on Form 20-F and in our registration statement on Form F-4 filed with the U.S. Securities and Exchange Commission on June 3, 2019, 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 update or revise any forward-looking statement as a result of new information, future events or otherwise, except as required by law.