Constellium Facilities Impacted by Severe Flooding in Chippis and Sierre
03 Juli 2024 - 10:00PM
Constellium SE (NYSE: CSTM) announced today that its facilities in
Sierre and Chippis in Switzerland were impacted by exceptional
flooding from the Rhone River. All operations are currently
suspended. We are relieved to report that all employees are safe.
As cleaning operations have just started with
the support of local authorities, at this point Constellium cannot
assess the extent of the damage or determine when production will
restart. We are committed to restart production in both facilities
as soon as we can safely and efficiently do so.
In the meantime, we are working with our
customers and suppliers to identify mitigation plans during this
unprecedented time, optimizing all capacity available within
Constellium’s industrial platform.
Constellium will share further updates as more
information becomes available.
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
Forward-looking statements
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 our business, results of operations and financial
condition, and our expectations or beliefs concerning future events
and conditions. 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, while others are more
specific to our business and operations. These risks and
uncertainties include, but are not limited to: market competition;
economic downturn; disruption to business operations; the Russian
war on Ukraine and other geopolitical tensions; the inability to
meet customer demand and quality requirements; the loss of key
customers, suppliers or other business relationships; supply
disruptions; excessive inflation; the capacity and effectiveness of
our hedging policy activities; the loss of key employees; levels of
indebtedness which could limit our operating flexibility and
opportunities; and other risk factors set forth under the heading
“Risk Factors” in our Annual Report on Form 20-F, 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.
Media Contacts |
Investor RelationsJason Hershiser—Investor
RelationsPhone: +1 (443)
988-0600investor-relations@constellium.com |
CommunicationsDelphine Dahan-Kocher—External
CommunicationsPhone: +1 443 420
7860delphine.dahan-kocher@constellium.com |
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