Constellium SE is in the advanced planning stages of an investment to increase its aluminium recycling capacity in Europe.
This recycling investment is to focus on using recycled material to provide slabs for the company’s automotive and packaging businesses in Europe. The project is expected to add a minimum of 60,000 t of annual capacity to Constellium’s current recycling footprint, which is already one of the largest in the world.
Constellium expects to finalize the scope and location of the project by the end of 2021, which will be dependent upon finalizing engineering and obtaining required permits. Start of production is expected to begin within two years of when construction begins.
Investment in recycling capacity will expand Constellium low-carbon product offerings
“We are excited about the potential to increase our recycling capacity in Europe. We already benefit from the inherently sustainable aspects of aluminium, including its strength, its light weight, and its infinite recyclability. An investment in expanding our recycling capacity is a strong demonstration of our commitment to sustainability. I expect this will be a meaningful contributor to both our financial and ESG (editor’s note: Environmental, Social and Governance) objectives over time,” said Constellium CEO Jean-Marc Germain. “Furthermore, aluminium is at the epicentre of several sustainability mega-trends across our packaging, automotive, and transportation end markets. As a result, our customers are increasingly demanding products that are sustainably and responsibly produced. We expect this investment will provide opportunities for Constellium to expand its low-carbon product offerings to meet customer needs.”