Constellium wants to invest in increasing its recycling capacity in Europe. The new project will be focused on using recycled material to provide slabs for the company’s automotive and packaging businesses in Europe.
This strategic initiative is expected to add a minimum of 60kt of annual capacity to Constellium’s current recycling footprint, which it claims is ‘already one of the largest in the world’. Constellium expects to complete the scope and location of the project by the end of 2021, depending on engineering and obtaining required permits. Start of production is expected to begin within two years of when construction begins.
Company ceo Jean-Marc Germain says: ‘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.’
And he adds: ‘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.’
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