Constellium
Encyclopedia
Constellium is a global aluminium producer based in Paris, France. It was created when Rio Tinto
sold off Alcan Engineered Products in 2011. Alcan Engineered Products was the result of various mergers and acquisitions between French, Canadian, Swiss, British and Australian companies. Constellium is now owned by Apollo (51%), Rio Tinto
(39%) and FSI (10%).
Constellium manufactures aluminium
rolled products and extrusion
s various alloys. It has customers in many different industries, including aerospace, transport, defense, packaging, building, industry, and solar/wind energy sectors. Its aluminum is also used in automobiles. Aluminum is also used in a number of household applications, such as beverage cans, foil and electrical wiring.
Constellium supplies several defence contractors and its products are used in vessels deployed by the French navy.
Constellium also supplies the aluminum structural components behind the Falcon 9 launcher NASA has chosen to resupply the international space station.
It has a board of eight directors. Five of them are nominated by Apollo, two by Rio Tinto, one nominated from FSI. The board also includes Constelium’s CEO (also an Appolo nomination).
Constellium reported US $4.4 billion in revenues in 2010 (then known as Alcan Engineered Products).
in 1950, growing to become one of the world’s leading aluminum manufacturers. In 2000, Pechiney announced that it had agreed to join in a merger with Canada's Alcan and Switzerland's Alagroup to form a new globally operating aluminum producer, which, with sales worth nearly $30 billion, became one of the biggest players in the industry, ahead of American company Alcoa.
However, the merger bumped up against European Commission
demands that Alcan sell its interests in a German aluminum producer, Alunorf. Alcan refused to sell, and Pechiney was forced to withdraw from the merger. Alcan and Algroup merged that year, becoming Alcan Inc.
Inc.
Rio Tinto acquired the Canadian aluminium producer Alcan Inc. in 2007, after a US$38 billion deal that made Rio Tinto one of the world's leading aluminum producer. In 2008, Alcan Inc was amalgamated with Rio Tinto Canada Holding and renamed Rio Tinto Alcan Inc. Rio Tinto Alcan is based in Montreal
and retains Alcan's CEO, Dick Evans.
In 2011, Rio Tinto sold off Alcan Engineered Products. Alcan Enginered Products was renamed Constellium after the deal.
A300 airplane. 77% of the weight of the plane was aluminium, which is fully recyclable and does not lose its properties when recycled.
Constellium has five main sites that supply its global aerospace, transportation and industry (GATI), specialty sheet, extrusions, and automotive structures divisions.
In Germany, Constellium’s Singen
site has cold mills, an integrated hot/cold rolling line and one of the largest extrusion presses in the world.
In France, Constellium has two sites: Neuf-Brisach
and Issoire
. Neuf-Brisach houses a rolling mill, an automotive finishing line and a recycling center. Issoire has one of the world’s two leading aerospace plate mills and large-volume recycling.
The Sierre
site in Switzerland has a dedicated precision plate shop for general engineering products. In the USA (Ravenswood
), Constellium has an aerospace plate shop with stretcher and wide-coil capabilities.
banker, Leon Black
, Apollo specialises in leveraged buyout transactions and purchases of distressed securities involving corporate restructuring, special situations and industry consolidations. Apollo has assets under management of more than $54 billion. Henry Silverman
is Chief Operating Officer.
Rio Tinto is a leading international mining group with Headquarters in the UK. Its business is discovering, mining, and processing mineral resources. Major products include aluminium, copper
, diamonds, energy (coal
and uranium
), gold
, industrial minerals (borax
, titanium-dioxide
, salt, talc) and ironore.
FSI is a French Investment Fund owned by the Caisse des Dépôts (51%) and the French government (49%).
Rio Tinto Group
The Rio Tinto Group is a diversified, British-Australian, multinational mining and resources group with headquarters in London and Melbourne. The company was founded in 1873, when a multinational consortium of investors purchased a mine complex on the Rio Tinto river, in Huelva, Spain from the...
sold off Alcan Engineered Products in 2011. Alcan Engineered Products was the result of various mergers and acquisitions between French, Canadian, Swiss, British and Australian companies. Constellium is now owned by Apollo (51%), Rio Tinto
Rio Tinto Group
The Rio Tinto Group is a diversified, British-Australian, multinational mining and resources group with headquarters in London and Melbourne. The company was founded in 1873, when a multinational consortium of investors purchased a mine complex on the Rio Tinto river, in Huelva, Spain from the...
(39%) and FSI (10%).
Constellium manufactures aluminium
Aluminium
Aluminium or aluminum is a silvery white member of the boron group of chemical elements. It has the symbol Al, and its atomic number is 13. It is not soluble in water under normal circumstances....
rolled products and extrusion
Extrusion
Extrusion is a process used to create objects of a fixed cross-sectional profile. A material is pushed or drawn through a die of the desired cross-section...
s various alloys. It has customers in many different industries, including aerospace, transport, defense, packaging, building, industry, and solar/wind energy sectors. Its aluminum is also used in automobiles. Aluminum is also used in a number of household applications, such as beverage cans, foil and electrical wiring.
Constellium supplies several defence contractors and its products are used in vessels deployed by the French navy.
Constellium also supplies the aluminum structural components behind the Falcon 9 launcher NASA has chosen to resupply the international space station.
It has a board of eight directors. Five of them are nominated by Apollo, two by Rio Tinto, one nominated from FSI. The board also includes Constelium’s CEO (also an Appolo nomination).
Constellium reported US $4.4 billion in revenues in 2010 (then known as Alcan Engineered Products).
1855-1950
Henri Merle et Compagnie was founded in 1855, in France. It originally produced caustic soda from coal, salt, pyrites and limestone, but also began producing aluminum metal in 1860. The Northern Aluminum Company, Ltd, was founded in Canada in 1902, as a Canadian subsidiary of the Pittsburgh Reduction Company, later called Alcoa. In 1925 it was renamed Aluminum Company of Canada in 1925, and separated from Alcoa in 1928, becoming Aluminum of Canada Ltd, or Alcan.1950-2003
Henri Merle et Compagnie was renamed PechineyPechiney
Pechiney SA was a major aluminium conglomerate based in France. The company was acquired in 2003 by the Alcan Corporation, headquartered in Canada...
in 1950, growing to become one of the world’s leading aluminum manufacturers. In 2000, Pechiney announced that it had agreed to join in a merger with Canada's Alcan and Switzerland's Alagroup to form a new globally operating aluminum producer, which, with sales worth nearly $30 billion, became one of the biggest players in the industry, ahead of American company Alcoa.
However, the merger bumped up against European Commission
European Commission
The European Commission is the executive body of the European Union. The body is responsible for proposing legislation, implementing decisions, upholding the Union's treaties and the general day-to-day running of the Union....
demands that Alcan sell its interests in a German aluminum producer, Alunorf. Alcan refused to sell, and Pechiney was forced to withdraw from the merger. Alcan and Algroup merged that year, becoming Alcan Inc.
2003-2007
Pechiney became the wholly owned subsidiary of Alcan in 2003, after it was purchased in a deal worth $4.52 billion. Alcan spun off the majority of pre-Pechiney rolling activities to create an independent company—NovelisNovelis
Novelis Inc. is a global aluminum company. Headquartered in Atlanta, Georgia, Novelis produces 17 percent of the world’s flat-rolled aluminum products and is the global leader in recycling used beverage cans....
Inc.
2007-2011
The original Rio Tinto company was established in Spain in 1873, and became the world’s largest copper producer by the end of the 1880’s. Today, the Rio Tinto Group is a British-Australian, multinational mining and resources group.Rio Tinto acquired the Canadian aluminium producer Alcan Inc. in 2007, after a US$38 billion deal that made Rio Tinto one of the world's leading aluminum producer. In 2008, Alcan Inc was amalgamated with Rio Tinto Canada Holding and renamed Rio Tinto Alcan Inc. Rio Tinto Alcan is based in Montreal
Montreal
Montreal is a city in Canada. It is the largest city in the province of Quebec, the second-largest city in Canada and the seventh largest in North America...
and retains Alcan's CEO, Dick Evans.
In 2011, Rio Tinto sold off Alcan Engineered Products. Alcan Enginered Products was renamed Constellium after the deal.
Global Aerospace, Transportation and Industry
Constellium’s global aerospace, transportation and industry business unit has 3,400 employees working at 8 sites in Europe and America. The company deliver aircraft parts and components for the commercial aircraft, military and space sectors.Specialty Sheet
Designs and produces aluminum products including packaging, automotive, industrial coil and sheet. The sheet unit employs 1,900 people.Extrusions
Constellium supplies of diverse customized extrusions, including hard alloys and large profiles. The company has ten sites in Europe.Automotive Structures
Constellium provides structures for European and North American car manufacturers, and also emerging markets in the global automotive sector, from five sites in Germany, the U.S. and China.Alcan International Network
The company created its Alcan International Network, which links manufacturers with its clients, mainly in specialty chemicals, minerals and raw materials. The network employs 260 people at 24 agencies in 22 countries.Constellium and recycling
Recycling has become very important in the aluminium industry, and 75% of all aluminium produced since 1888 is still in use today. As part of its recycling programme, Constellium is a partner in the EU PAMELA project, where it helped recycle the aluminium parts of a 35-year-old twin-aisle AirbusAirbus
Airbus SAS is an aircraft manufacturing subsidiary of EADS, a European aerospace company. Based in Blagnac, France, surburb of Toulouse, and with significant activity across Europe, the company produces around half of the world's jet airliners....
A300 airplane. 77% of the weight of the plane was aluminium, which is fully recyclable and does not lose its properties when recycled.
Constellium worldwide
Constellium operates 24 production facilities throughout Europe and the US, with commercial operations in 60 countries. It employs 9,500 people. More than 70% of Constellium’s revenues come from Europe.Constellium has five main sites that supply its global aerospace, transportation and industry (GATI), specialty sheet, extrusions, and automotive structures divisions.
In Germany, Constellium’s Singen
Singen
Singen is an industrial city in the very south of Baden-Württemberg in southern Germany and just north of the German-Swiss border.-Location:...
site has cold mills, an integrated hot/cold rolling line and one of the largest extrusion presses in the world.
In France, Constellium has two sites: Neuf-Brisach
Neuf-Brisach
Neuf-Brisach is a commune in the Haut-Rhin department in Alsace in north-eastern France.The town's name means New Breisach, referring to the German town Breisach, located on the other side of the Rhine....
and Issoire
Issoire
Issoire is a commune in the Puy-de-Dôme department in Auvergne in central France.-Geography:Issoire is located on the Couze River, near its junction with the Allier, SSE of Clermont-Ferrand on the Paris-Lyon-Méditerranée railway to Nîmes...
. Neuf-Brisach houses a rolling mill, an automotive finishing line and a recycling center. Issoire has one of the world’s two leading aerospace plate mills and large-volume recycling.
The Sierre
Sierre
Sierre is the capital of the district of Sierre in the canton of Valais in Switzerland. It has a population of 14,355.It is situated on the French–German language border of the canton of Wallis...
site in Switzerland has a dedicated precision plate shop for general engineering products. In the USA (Ravenswood
Ravenswood
-Film and literature:* Ravenswood , a 2006 Australian thriller, starring Stephen Moyer, Travis Fimmel and Teresa Palmer* Ravenswood, the name of a Swedish forest in Beowulf, the setting of a battle between Geats and Swedes...
), Constellium has an aerospace plate shop with stretcher and wide-coil capabilities.
Management
Founded in 1990 by former Drexel Burnham LambertDrexel Burnham Lambert
Drexel Burnham Lambert was a major Wall Street investment banking firm, which first rose to prominence and then was forced into bankruptcy in February 1990 by its involvement in illegal activities in the junk bond market, driven by Drexel employee Michael Milken. At its height, it was the...
banker, Leon Black
Leon Black
Leon David Black is an American businessman and money manager, with a focus on leveraged buyouts and private equity. He is a son of Eli M. Black , a prominent businessman who controlled the United Brands Company and committed suicide when caught paying bribes to the President of Honduras...
, Apollo specialises in leveraged buyout transactions and purchases of distressed securities involving corporate restructuring, special situations and industry consolidations. Apollo has assets under management of more than $54 billion. Henry Silverman
Henry Silverman
Henry R. Silverman is an American entrepreneur and private equity investor. Silverman is best known for his role in building Cendant Corporation into a multibillion dollar business services company that provided car rentals, travel reservation services as well as real estate brokerage services and...
is Chief Operating Officer.
Rio Tinto is a leading international mining group with Headquarters in the UK. Its business is discovering, mining, and processing mineral resources. Major products include aluminium, copper
Copper
Copper is a chemical element with the symbol Cu and atomic number 29. It is a ductile metal with very high thermal and electrical conductivity. Pure copper is soft and malleable; an exposed surface has a reddish-orange tarnish...
, diamonds, energy (coal
Coal
Coal is a combustible black or brownish-black sedimentary rock usually occurring in rock strata in layers or veins called coal beds or coal seams. The harder forms, such as anthracite coal, can be regarded as metamorphic rock because of later exposure to elevated temperature and pressure...
and uranium
Uranium
Uranium is a silvery-white metallic chemical element in the actinide series of the periodic table, with atomic number 92. It is assigned the chemical symbol U. A uranium atom has 92 protons and 92 electrons, of which 6 are valence electrons...
), gold
Gold
Gold is a chemical element with the symbol Au and an atomic number of 79. Gold is a dense, soft, shiny, malleable and ductile metal. Pure gold has a bright yellow color and luster traditionally considered attractive, which it maintains without oxidizing in air or water. Chemically, gold is a...
, industrial minerals (borax
Borax
Borax, also known as sodium borate, sodium tetraborate, or disodium tetraborate, is an important boron compound, a mineral, and a salt of boric acid. It is usually a white powder consisting of soft colorless crystals that dissolve easily in water.Borax has a wide variety of uses...
, titanium-dioxide
Titanium dioxide
Titanium dioxide, also known as titanium oxide or titania, is the naturally occurring oxide of titanium, chemical formula . When used as a pigment, it is called titanium white, Pigment White 6, or CI 77891. Generally it comes in two different forms, rutile and anatase. It has a wide range of...
, salt, talc) and ironore.
FSI is a French Investment Fund owned by the Caisse des Dépôts (51%) and the French government (49%).