Constellium Boosts Sustainability with New Recycling Center
Constellium Enhances Recycling Capacity with New Center
PARIS – Constellium SE (NYSE: CSTM) is proud to announce the opening of its latest advanced recycling center at the Neuf-Brisach facility. This significant move reflects Constellium's commitment to sustainability in the aluminium sector.
A Major Investment for Future Growth
The company has invested €130 million into this project, which is partially funded by the France Relance investment program aimed at enhancing economic resilience. This facility boosts Constellium’s capacity to recycle automotive components and packaging materials by an impressive 75%, equating to an additional 130,000 metric tons of recycled material.
Addressing Growing Demand
With the automotive and packaging industries increasingly seeking sustainable materials, this new capacity not only meets current demands but also significantly increases the recycled content rate of Constellium's products. This is a crucial component as the world shifts toward more eco-friendly solutions.
Commitment to Reducing Environmental Impact
Constellium’s global recycling capacity is now approximately 735,000 metric tons. This advancement is projected to contribute to a reduction of around 400,000 metric tons in greenhouse gas emissions, aligning with the company's ambitious targets to cut greenhouse gas emissions intensity by 30% by 2030 compared to 2021. Additionally, Constellium aspires to increase its use of recycled materials to at least 50% by 2030.
CEO’s Vision on Sustainability
Jean-Marc Germain, CEO of Constellium, expressed pride in the opening of this state-of-the-art recycling center. He emphasized how this expansion allows for a better response to customer needs and substantial progress toward the company’s sustainability goals. He noted, “The aluminium industry is vital for today's circular economy, and our investment positions Constellium to meet society's demand for sustainable recyclable products.”
Environmental Initiatives and Innovations
In line with its sustainable ethos, Constellium undertook comprehensive biodiversity studies during the construction of this facility to mitigate any potential environmental impacts. The adoption of cutting-edge technologies has allowed the company to enhance energy efficiency, reduce water consumption, and cut down on air emissions, demonstrating a firm commitment to the ecological welfare.
About the Neuf-Brisach Facility
Established in 1967 and employing about 1,600 people, the Neuf-Brisach plant is one of Constellium's largest sites. With a production capacity of 450,000 metric tons annually, it primarily caters to the packaging and automotive sectors within Europe’s industrial heartland.
About Constellium
Constellium (NYSE: CSTM) stands as a global leader in developing innovative aluminium products tailored for various markets and applications, including aerospace, automotive, and packaging. In 2023, the company reported revenues of €7.2 billion, reinforcing its standing in the industry.
Frequently Asked Questions
What is the significance of the new recycling center?
The new recycling center enhances Constellium's recycling capacity by 75%, contributing to sustainable practices in the automotive and packaging industries.
How much did Constellium invest in the recycling center?
Constellium has invested €130 million, supported partially by grants from the France Relance investment program.
What are Constellium's sustainability targets?
The company aims to reduce greenhouse gas emissions intensity by 30% by 2030 and increase the recycled input to at least 50%.
Who is the CEO of Constellium?
Jean-Marc Germain is the CEO of Constellium, responsible for driving the company’s sustainability initiatives.
When was the Neuf-Brisach facility established?
The Neuf-Brisach facility was established in 1967 and has since evolved to meet contemporary recycling and production needs.
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