CHICAGO Constellium NV has completed two projects totaling 23 million ($30.5 million) at its rolling and recycling complex in Neuf-Brisach, France.
Constellium said it has modernized a casting complex to boost its slab rolling quality and capacity, and replaced a pusher furnace, which preheats slabs before rolling, to reduce energy consumption and boost throughput.
The Paris-based aluminum company said it plans to upgrade another casting complex and replace another pusher furnace in 2014. "We will continue to invest in the modernization and development of the assets that we expect will support Constelliums sustainable growth," Laurent Musy, president of the companys packaging and automotive rolled products business unit, said in a statement.
In recent months Constellium more often has announced sales of or attempts to divest operations in France rather than plans to invest in them. The company said recently it was considering the sale of its hard-alloy billet plant in Sabart as it looks to focus on "core" rolling and extrusions operations (amm.com, July 19); it is seeking a buyer for its precision castings operations in Ussel (amm.com, June 5); and in May it sold two aluminum extrusion plantsone in Ham and another in Saint-Florentinto private equity firm OpenGate Capital LLC (amm.com, June 3).