DOCSLIB.ORG

2013 Annual Report

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
2013 Annual Report Annual Report 2013 TABLE OF CONTENTS Page DIRECTORS’ REPORT 2013—Constellium N.V. ......................................................................................................... 2 1. Description of the Company ................................................................................................................................. 2 2. Strategy and Performance .................................................................................................................................... 4 3. Sustainability ...................................................................................................................................................... 12 4. Governance (Including Corporate Governance Statement) ............................................................................... 13 5. Board Statements ................................................................................................................................................ 28 CONSOLIDATED FINANCIAL STATEMENTS YEAR ENDED DECEMBER 31, 2013 .......................................... F-1 Consolidated Income Statement ................................................................................................................................ F-2 Consolidated Statement of Comprehensive Income / (Loss) ...................................................................................... F-3 Consolidated Statement of Financial Position .......................................................................................................... F-4 Consolidated Statement of Changes in Equity ........................................................................................................... F-6 Consolidated Statement of Cash Flows ..................................................................................................................... F-7 Notes to the Consolidated Financial Statements ....................................................................................................... F-9 FINANCIAL STATEMENTS 2013 CONSTELLIUM N.V. ....................................................................................... F-67 Statement of Comprehensive income / (loss) ........................................................................................................... F-68 Statement of Financial position (Before proposed appropriation of results) .......................................................... F-69 Statement of Changes in equity ................................................................................................................................ F-70 Statement of Cash flows ........................................................................................................................................... F-71 Notes to the Company Financial Statements ........................................................................................................... F-72 Other information .................................................................................................................................................... F-88 Provisions in the Articles of Association governing the appropriation of profit ..................................................... F-88 Proposal for profit appropriation ............................................................................................................................ F-88 Profit-sharing certificates and similar rights .......................................................................................................... F-88 Subsequent events .................................................................................................................................................... F-88 INDEPENDENT AUDITOR'S REPORT ................................................................................................................. F-90 i DIRECTORS’ REPORT 2013—Constellium N.V. This Directors’ report has been prepared in compliance with the requirements of the Dutch Civil Code, the Dutch Corporate Governance Code, the Financial Supervision Act, the Dutch Royal Decree dated 20 March 2009, and the Royal Decree implementing article 10 of the Takeover Directive. 1. DESCRIPTION OF THE COMPANY 1.1 History of the Company Constellium Holdco B.V. (formerly known as Omega Holdco B.V.) was incorporated as a Dutch private limited liability company on May 14, 2010. Constellium Holdco B.V. was formed to serve as the holding company for various entities comprising the Alcan Engineered Aluminum Products business unit. On May 21, 2013, Constellium Holdco B.V. was converted into a Dutch public limited liability company and renamed Constellium N.V. Constellium N.V. (“the Company” or “Constellium”) has its seat in Amsterdam, the Netherlands, with a registered address at 1119 NW Schiphol-Rijk, Tupolevlaan 41-61. 1.2 General information on the Company and its affiliated companies We are a global leader in the design and manufacture of a broad range of innovative specialty rolled and extruded aluminum products, serving primarily the aerospace, packaging and automotive end-markets. We have a strategic footprint of manufacturing facilities located in the United States, Europe and China. Our business model is to add value by converting aluminum into semi-fabricated products. We believe we are the supplier of choice to numerous blue-chip customers for many value-added products with performance- critical applications. Our product portfolio commands higher margins as compared to less differentiated, more commoditized fabricated aluminum products, such as common alloy coils, paintstock, foilstock and soft alloys for construction and distribution. As of December 31, 2013, we operate 23 production facilities, 10 administrative and commercial sites and one R&D center, and have approximately 8,600 employees. We believe our portfolio of flexible and integrated facilities is among the most technologically advanced in the industry. It is our view that our established presence in the United States and Europe and our growing presence in China strategically position us to service our global customer base. For example, based on information available to us as an industry participant, we believe we are one of only two suppliers of aluminum products to the aerospace market with facilities in both the United States and Europe. We believe this gives us a key competitive advantage in servicing the needs of our aerospace customers, including Airbus S.A.S. and The Boeing Company. We believe our well-invested facilities combined with more than 50 years of manufacturing experience, quality and innovation and pre-eminent R&D capabilities have put us in a leadership position in our core markets. We seek to sell to end-markets that have attractive characteristics for aluminum, including (i) higher margin products, (ii) stability through economic cycles, and (iii) favorable growth fundamentals supported by customer order backlogs in aerospace and substitution trends in automotive and European can sheet. We are the leading global supplier of aluminum aerospace plates, the leading European supplier of can body stock and a leading global supplier of automotive structures. Our unique platform has enabled us to develop a stable and diversified customer base and to enjoy long-standing relationships with our largest customers. Our relationships with our top 20 customers average over 25 years. Our customer base -2- includes market leading firms in aerospace, automotive, and packaging, like Airbus, Boeing, Rexam PLC, Ball Corporation, Crown Holdings, Inc. and several premium automotive original equipment manufacturers (“OEMs”), including BMW AG, Mercedes-Benz and Volkswagen AG. We believe that we are a “mission critical” supplier to many of our customers due to our technological and R&D capabilities as well as the long and complex qualification process required for many of our products. Our core products require close collaboration and, in many instances, joint development with our customers. 1.3 Business (overview of operating segments) Our business is organized into three operating segments: (i) Aerospace & Transportation, (ii) Packaging & Automotive Rolled Products, and (iii) Automotive Structures & Industry. Aerospace &Transportation includes the production of rolled and extruded aluminum products for the aerospace market, as well as rolled products for transport and industry end-uses. We produce aluminum plate, sheet and fabricated products in our European and North American facilities. Substantially all of these aluminum products are manufactured to specific customer requirements using direct-chill ingot cast technologies that allow us to use and offer a variety of alloys and products. Our Aerospace & Transportation operating segment has market leadership positions in technologically advanced aluminum and specialty materials products with wide applications across the global aerospace, defense, transportation, and industrial sectors. We offer a wide range of products including plate, sheet, extrusions and precision casting products which allows us to offer tailored solutions to our customers. We seek to differentiate our products and act as a key partner to our customers through our broad product range, advanced R&D capabilities, extensive recycling capabilities and portfolio of plants with an extensive range of capabilities across Europe and North America. In order to reinforce the competitiveness of our metal solutions, we design our processes and alloys with a view to
Load more

Recommended publications
  • Constellium Business and Sustainability Report 2020
    BUSINESS AND SUSTAINABILITY PERFORMANCE REPORT 2020 REVEALING OUR RESILIENCE Revealing Sustainability Per formance our Resilience Report Report 04 CEO Interview 40 Sustainability Highlights 70 Financial Statements 07 A Global Sector Leader 42 Assessing Material 74 Sustainability Performance 08 Creating Value Throughout Sustainability Risks 82 GRI the Lifecycle of Aluminium 44 Staying One Step Ahead of Market 88 Memberships 10 CFO Interview Regulatory Changes 89 Report of the Independent Third Party 11 Business Units 45 Adjusting Our Targets and Defning 12 Pursuing a Comprehensive Strategy Future Perspectives 13 Our Values 46 Our Sustainability Targets for 2021 16 Governance 47 Analyzing Environmental Impacts 22 Focusing on Environment, Health, with Life Cycle Assessments and Safety (EHS) 48 Developing Products 24 Manufacturing Excellence with Envrionmental Benefts 50 Championing Recycling 52 Prioritizing Customer Satisfaction Business 54 Attracting, Engaging, and Retaining Report the Best People 56 Gender Diversity 28 PacKaging 58 Supporting Our Local Communities 30 Automotive 59 Respecting Human Rights 34 Aerospace 61 Limiting Landflled Waste 36 Transportation, Industry, and Defense 62 Curtailing Energy Use and Greenhouse Gas Emissions 65 Minimizing Air Emissions and Managing Water 66 Insisting Upon Sustainable Procurement 68 Actively Supporting the Aluminium Stewardship Initiative Constellium’s non-financial performance statement (“déclaration de performance extra-financière”), in- cluded in this report (as specified on page 74), was verified by an independent third party, Pricewaterhouse- Coopers Audit. PricewaterhouseCoopers Audit verifed compliance of our statement with the provisions of the French Commercial Code (article R. 225-105), along with the fairness of the information provided in our state- ment, such as Key performance indicators and measures taken to address risks (article R.
    [Show full text]
  • Download the Report
    Headquarters Business Tupolevlaan 41-61 and sustainability 1119 NW, Schiphol-Rijk performance The Netherlands Infinite report 2014 Corporate offices 830 Third Avenue, 9th floor New York, NY 10022 United States possibilities Washington Plaza 40–44 Rue Washington 75008 Paris France Max Hoegger-Strasse 6 8048 Zurich Switzerland www.constellium.com performance report 2014 sustainability and Business – Ideas. Materialized. Constellium Business and sustainability Business and sustainability 2 performance report 2014 performance report 2014 3 Heading 1 Inside this report: Business in focus Key figures 2 We explain our organization and our Infinite possibilities 3 strategy, as well as the progress that Value we create 4 our business units have made during Highlights of the year 6 the year. Company organization 8 Chief Executive Officer insights 10 Our strategy 12 Innovation 15 Market overview 16 Aerospace and Transportation 18 Packaging and Automotive Rolled Products 20 Automotive Structures and Industry 22 Board of Directors 24 Executive Committee 26 Governance 28 Engaging with stakeholders 30 Sustainability in focus Sustainability highlights 32 We outline why and how sustainability Altogether more sustainable 34 matters at Constellium, and showcase Our materiality assessment 36 some of the key achievements of 2014. Stakeholder perspectives 39 Making our products more sustainable 42 Supporting our people 50 Making our operations more efficient 58 About this report Doing business responsibly 64 Reporting period Financial year 2014 (January 1, 2014 to December 31, 2014) Managing sustainability 68 Reporting cycle Annual Date of publication June 2015 Report scope The data or financials relate to Constellium worldwide falling within Consolidated income statement 70 the scope of consolidation at December 31, 2014.
    [Show full text]
  • Sustainability Report
    2013 SUSTAINABILITY PERFORMANCE Altogether more sustainable D14051-Rapport_Annuel_2013-Sustainability-FLIP.indd 1 09/06/2014 14:57 Contents 1. INTRODUCTION 1. Altogether more sustainable | 2. Our approach to sustainability | 3. Targets and performance | 4. Interview with Pierre Vareille and Laurent Musy 8. PRODUCTS 9. A portfolio of sustainable products | 10. Recycling | 14. Innovation | 17. Customer satisfaction 18. PEOPLE 19. Safety | 22. Skill development | 23. Motivation and engagement | 24. Ethical behavior | 25. Community engagement 26. OPERATIONS 27. Energy | 30. Waste | 31. Water and emissions to air 32. GOVERNANCE 33. A culture of transparency 36. GRI INDEX Global Reporting Initiative Disclosure Index KEY PICTOGRAM Through its Sustainability Roadmap, Constellium indentifi ed 12 main targets. You can fi nd them through this report thanks to this symbol. SUSTAINABILITY PERFORMANCE 2013 D14051-Rapport_Annuel_2013-Sustainability-FLIP.indd 2 09/06/2014 14:57 Altogether more sustainable WE ARE COMMITTED TO DEVELOPING, PRODUCING AND SELLING SUSTAINABLE PRODUCTS THAT MEET OUR CUSTOMERS’ NEEDS NOW AND IN THE FUTURE. WE WILL 1. Maximize recycling rates of our products, including after end of use life 2. Continuously innovate and offer lighter, safer and infi nitely recyclable solutions WE ARE COMMITTED TO ENSURING OUR PEOPLE ARE SAFE, SKILLED, MOTIVATED AND ENGAGED. WE WILL 1. Protect the safety and health of our employees, contractors and visitors as a top priority 2. Strive to enhance employee engagement and development WE ARE COMMITTED TO MINIMIZING THE ENVIRONMENTAL IMPACT OF ALL OUR OPERATIONS IN TERMS OF ENERGY, WASTE AND WATER. WE WILL 1. Further develop recycling 2. Optimize the use of natural resources, especially energy 3.
    [Show full text]
  • Explanatory Notes
    Explanatory Notes Explanatory Notes to the Agenda of the 2016 Annual General Meeting (“AGM”) of Constellium N.V. (the “Company”) to be held at the offices of Stibbe, Strawinskylaan 2001, 1077 ZZ Amsterdam, the Nether- lands on Wednesday, June 15, 2016 at 15:00 CET (9:00 AM EDT). AGENDA ITEM 1 Opening remarks Opening remarks by the Chairman of the AGM. AGENDA ITEM 2 Discussion of the Annual Report 2015 Mr. Pierre Vareille, Chief Executive Officer of the Company, will present the view of the Board on the key developments for the Company in 2015. The General Meeting is invited to discuss the Annual Report 2015. AGENDA ITEM 3 Discussion of the Corporate Governance of the Company In accordance with the principles of the Dutch Corporate Governance Code, the contents of the Corporate Governance section of the Annual Report 2015 may be discussed at the AGM. AGENDA ITEM 4 Remuneration (i) Discussion of 2015 remuneration The Dutch Civil Code requires that the statements in the explanatory notes to the annual accounts made (pursuant to Articles 2:383c through e) regarding the remuneration of the members of the Board and employees of the Company shall be included as a separate item on the agenda for the General Meeting and be discussed before the proposal to adopt the Annual Accounts 2015. For purposes of such discussion, reference is made to the relevant sections of the Annual Report 2015. (ii) Share increase under the 2013 Equity Incentive Plan On 16 May 2013 the General Meeting approved the Company's 2013 Equity Incentive Plan, and in 2014 the General Meeting made a further authorization under this plan, to increase the number of authorized shares under the plan to 7,292,291.
    [Show full text]
  • Business and Sustainability Performance Report 2015 01 Inside This Report
    Headquarters Business Tupolevlaan 41–61 and sustainability 1119 NW, Schiphol-Rijk performance The Netherlands report 2015 Corporate offices Infinite Inside this 830 Third Avenue, 9th floor New York, NY 10022 United States report… Washington Plaza opportunities 40–44 Rue Washington Full contents are listed under this flap. 75008 Paris France Max Hoegger-Strasse 6 8048 Zurich Switzerland www.constellium.com About this report Reporting period Financial year 2015 (January 1, 2015 to December 31, 2015) Reporting cycle Annual Date of publication June 2016 Report scope The data or financials relate to Constellium worldwide falling within the scope of consolidation at December 31, 2015. Report content The content of this report is based on our business data and the results of our dialogue with stakeholders, the Global Reporting Initiative G4 requirements and other sustainability ratings and rankings. Global GRI G4 guidelines – Core Reporting Initiative Assurance The report is in compliance with the GRI G4 guidelines and maintains code of reporting as advised by GRI. It is not externally assured. Contact For further information please contact: [email protected] or [email protected] Constellium – Business and sustainability and Business – Constellium performance report 2015 sustainability and Business – Constellium performance report 2015 Ideas. Materialized. www.constellium.com Business and sustainability performance report 2015 01 Inside this report Overview Chief Executive Officer insights 2 We are Constellium. Highlights of the year 4 Our value chain 6 How we are organized 8 We are a global leader in aluminium solutions Overview whose business is to Strategy and markets in focus materialize today’s Achieving our vision 11 In focus: EHS 13 and tomorrow’s ideas.
    [Show full text]
  • Constellium SE Constellium SE France
    UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________________________________________________ FORM 20-F __________________________________________________________________________ ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-35931 __________________________________________________________________________ Constellium SE (Exact Name of Registrant as Specified in its Charter) __________________________________________________________________________ Constellium SE (Translation of Registrant’s name into English) __________________________________________________________________________ France (Jurisdiction of incorporation or organization) __________________________________________________________________________ Washington Plaza, 300 East Lombard Street 40-44 rue Washington Suite 1710 75008 Paris Baltimore, MD, 21202 France United States (Head Office) (Address of principal executive offices) Rina E. Teran Chief Securities Counsel 300 East Lombard Street, Suite 1710, Baltimore, MD, 21202 United States Tel: (443) 420-7861 E-mail: [email protected] (Name, telephone, e-mail and/or facsimile
    [Show full text]
  • Constellium: a Long and Rich Experience in Aluminium
    Aluminium Light-weighting for transportation Les alliages d’aluminium pour l’automobile et l’aéronautique: performances et prespectives Bruno CHENAL Nancy, 8 Juin 2016 Constellium: a long and rich experience in aluminium More than a century of growth 1855 January 2011 Pechiney Rio Tinto sells 51% of Alcan Engineered 2000 Products to Apollo, Alcan Aluminium Limited 10% to FSI and keeps the merges with Algroup/ remaining 39% stake Alusuisse May 2011 1888 2007 Alcan Engineered Alusuisse Rio Tinto Products is renamed acquires Alcan to Constellium 2003 Alcan Inc. acquires May 2013 Pechiney Constellium commences trading on the New York Stock Exchange and NYSE Euronext 1902 Paris Alcan January 2015 Constellium acquires Wise Metals 2 Constellium is a leader in innovative aluminium-based solutions 2015 key figures Over 10,000 full-time employees €5.2 billion in sales 22 manufacturing sites C-TEC, our world-class Technology Center Headquartered in Amsterdam, The Netherlands. Corporate offices in Paris, France, Zurich, Switzerland and New York, USA 3 Constellium serves blue-chip customers Aerospace Packaging Automotive 4 Agenda Requirements for new materials in transportation Recent and ongoing developments of aluminium in automotive applications Recent and ongoing developments of aluminium in aerospace applications 5 Summary Requirements for new materials in transportation Recent and ongoing developments of aluminium in automotive applications Recent and ongoing developments of aluminium in aerospace applications 6 Global market for flat rolled sheet in BiW Key drivers for growth in aluminium FRP in BiW worldwide 1. Steel to all-aluminium conversion of big volume US OEMs. 2. Incremental conversion steel to aluminium in hang-on parts, then structures at all OEMs.
    [Show full text]
  • Altogether More Sustainable
    ALTOGETHER MORE SUSTAINABLE Sustainability Report 2012 TABLE OF CONTENTS OUR SUSTAINABILITY CHARTER KEY PICTOGRAM INTRODUCTION Through its Sustainability Roadmap, Constellium 03 OUR SUSTAINABILITY CHARTER indentified 12 main targets. 04 EDITORIAL PIERRE VAREILLE, CEO You can find them through this WE ARE COMMITTED TO UNDERTAKING THE HIGHEST STANDARDS OF GOVERNANCE OF OUR ACTIVITIES IN LINE WITH THE CONSTELLIUM’S VALUES. 05 CORPORATE GOVERNANCE Report thanks to this symbol. 06 A GLOBAL NETWORK WE WILL 08 COMBINING EXPERIENCE WITH AMBITION 09 ALUMINIUM, SOLUTIONS FOR TODAY’S NEEDS Subscribe to the highest levels of transparency and accountability 10 LIFE CYCLE ASSESSMENT and commit to develop company and industry sustainability programs 11 OUR SUSTAINABILITY APPROACH, OBJECTIVES AND TARGETS Promote the adoption and implementation of sustainability policies by our suppliers and contractors GOVERNANCE OPERATIONS WE ARE COMMITTED TO ENSURING OUR PEOPLE ARE SAFE, SKILLED, 14 INTERVIEW WITH LAURENT MUSY, CHAIRMAN 32 ENERGY EFFICIENCY MOTIVATED AND ENGAGED. OF CONSTELLIUM’S SUSTAINABILITY COUNCIL 34 ENERGY MANAGEMENT 16 A CULTURE OF TRANSPARENCY 35 WATER WE WILL 17 PARTNERSHIPS IN THE VALUE CHAIN 36 WASTE Protect the safety and health of our employees, contractors and visitors as a top priority Strive to enhance employee engagement and development WE ARE COMMITTED TO MINIMIZING THE ENVIRONMENTAL IMPACT OF ALL OUR OPERATIONS IN TERMS OF ENERGY, WASTE AND WATER. PEOPLE PRODUCTS WE WILL 22 HEALTH AND SAFETY 40 RECYCLING 24 MOTIVATION AND ENGAGEMENT 44 ECO-DESIGN Further develop recycling 26 SKILL DEVELOPMENT 46 INNOVATION Optimize the use of natural resources, especially energy 28 ETHICAL BEHAVIOR 49 CUSTOMER SATISFACTION Prevent and minimize environmental impacts 29 COMMUNITY ENGAGEMENT GRI INDEX WE ARE COMMITTED TO DEVELOPING, PRODUCING AND SELLING SUSTAINABLE PRODUCTS 50 GLOBAL REPORTING INITIATIVE THAT MEET OUR CUSTOMER NEEDS NOW AND IN THE FUTURE.
    [Show full text]
  • Constellium 20-F 2019
    UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________________________________________________ FORM 20-F __________________________________________________________________________ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-35931 __________________________________________________________________________ Constellium SE (Exact Name of Registrant as Specified in its Charter) __________________________________________________________________________ Constellium SE (Translation of Registrant’s name into English) __________________________________________________________________________ France (Jurisdiction of incorporation or organization) __________________________________________________________________________ Washington Plaza, 40-44 rue Washington 75008 Paris, France (Address of principal executive offices) __________________________________________________________________________ Securities registered or to be registered pursuant to Section 12(b) of the Act. Title of each class Trading Symbol Name of each exchange on which registered Ordinary Shares CSTM New York Stock Exchange Securities registered or to be registered pursuant to Section 12(g) of the Act: None Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act: None _____________________________ Indicate the number of outstanding shares of each of the issuer’s classes of capital or common stock as of the period covered by the annual report: 137,867,418 Ordinary Shares, Nominal Value €0.02 per share Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.
    [Show full text]
  • Media Release
    Rio Tinto plc 2 Eastbourne Terrace London W2 6LG T +44 (0) 20 7781 2000 F +44 (0) 20 7781 1800 Media release Rio Tinto announces record first half earnings 4 August 2011 • Record first half underlying earnings 1 of $7.8 billion, 35 per cent above 2010 first half • Record first half net earnings 1 of $7.6 billion, 30 per cent above 2010 first half • Record first half underlying EBITDA 1 of $14.3 billion, 27 per cent above 2010 first half • Record first half cash flow from operations up 31 per cent to $12.9 billion • Capital expenditure of $5.1 billion in 2011 first half, compared with $1.8 billion in 2010 first half, reflecting the ramp up of investment in world class tier one growth assets • Growth programme gathers momentum: o Pilbara iron ore expansion to 283 million tonnes per annum (Mt/a) on track to complete by end of 2013 o Proposed expansion of Pilbara to 333 Mt/a brought forward by six months to first half of 2015: full approval decision expected in early 2012 o Rio Tinto assumes control of Riversdale and completes acquisition on 1 August: first coal from Benga anticipated by the end of 2011 with substantial growth options ahead o Rio Tinto increases investment in Ivanhoe to 46.5 per cent: first commercial production from Oyu Tolgoi copper-gold project in Mongolia expected by 2013 o First shipment of iron ore from Simandou expected by mid-2015 following Settlement Agreement with Government of Guinea • Share buy-back increased by $2 billion to $7 billion, to be completed by the end of the first quarter of 2012, subject to market conditions.
    [Show full text]
  • Constellium at a Glance
    Cutting-edge solutions 2017 About Constellium for our strategic end-markets Constellium is a global sector leader that Supported by our technology and innovation experts, and in develops innovative, value-added aluminium collaboration with our customers, we develop and provide products for a broad scope of markets and advanced aluminium alloys and cutting-edge technological Constellium solutions. Through our three business units, we anticipate applications, focusing in particular on and respond to the fast-evolving market needs. at a glance aerospace, automotive and packaging. AEROSPACE AND TRANSPORTATION provides technologically-advanced aluminium alloys with wide applications across the global aerospace, transportation, industry and defense sectors. The business unit offers a wide range of products including plates, sheets and extrusions which allow Constellium to provide tailored solutions, pre-machining and other added value services to its customers. PACKAGING AND AUTOMOTIVE ROLLED PRODUCTS provides aluminium Constellium milestones sheets and coils for packaging applications (beverage and food cans, closures, foils) as well as automotive solutions, including high-performance products 2011 for Auto-Body Sheet and heat exchangers. In addition, the business unit 2003 Rio Tinto divests 2015 recycles end-of-life products, such as used beverage cans. Alcan Alcan EP Constellium acquires Alcan EP becomes acquires AUTOMOTIVE STRUCTURES AND INDUSTRY produces advanced solutions Pechiney Constellium Wise Metals for the global automotive industry,
    [Show full text]
  • Explanatory Notes
    Explanatory Notes Explanatory Notes to the Agenda of the Annual General Meeting (“AGM”) of Constellium N.V. (the “Company”) to be held at the offices of Stibbe, Beethovenplein 10, 1077 WM Amsterdam, the Netherlands on Thursday June 27, 2019 at 17:00 CET (11:00 AM EDT). AGENDA ITEM 1 Opening Remarks Opening remarks by the Chairman of the AGM. AGENDA ITEM 2 Conversion of the Company into a European Company (Societas Europaea - SE) – voting item It is proposed to convert the Company into a European public limited-liability company (societas Europaea - SE) with its seat and headquarter in the Netherlands (the "Conversion"). The Conversion is the first part of a two-step plan to move the Company's corporate seat from the Netherlands to France. It is envisaged that after the Conversion becomes effective, the Company will migrate to France by way of transfer of its corporate seat/registered office and headquarter (the "Transfer of Corporate Seat"). Together, we refer to the Conversion and the Transfer of Corporate Seat as the "Transaction". The Conversion will be effected in accordance with the provisions of Section 2(4) and Section 37 of Council Regulation (EC) No. 2157/2001 on the Statute for a European company of 8 October 2001 (Verordening (EG) Nr. 2157/2001 betreffende het statuut van de Europese vennootschap) (the "SE Regulation") and Section 10 of the Dutch Implementation Act (Uitvoeringswet verordening Europese vennootschap). We recommend that the General Meeting resolves to convert the Company to a European public limited liability Company to be named Constellium SE, and resolves to certain amendments to the Articles of Association of the Company, all relating to such conversion.
    [Show full text]