15 MARCH 2016Constellium Press Release
Constellium to record an impairment charge against carrying value of Wise Metals' asset
Edited by : AL CIRCLE
1 min read
Constellium N.V. yesterday announced that the company intends to record an impairment charge of approximately €400 million in the fourth quarter of 2015 against the carrying value of the Wise Metals asset. This charge, which has no impact on cash flows, reflects management’s view of the future expected performance at Muscle Shoals in light of the challenges for the can/packaging business as previously disclosed.
The execution of the Company’s Body-in-White (BiW) strategy is progressing as planned, and the Company has today separately announced an expansion of its joint venture with UACJ Corporation to provide automotive BiW sheet in the U.S.
Constellium does not intend to make any further comments until its Q4 & FY 2015 Earnings call scheduled for March 15, 2016.
The execution of the Company’s Body-in-White (BiW) strategy is progressing as planned, and the Company has today separately announced an expansion of its joint venture with UACJ Corporation to provide automotive BiW sheet in the U.S.
Constellium does not intend to make any further comments until its Q4 & FY 2015 Earnings call scheduled for March 15, 2016.
Unlock full access – sign up for FREE.
Key benefits
Find exclusive data-driven insights and in-depth analysis
Get our daily newsletter delivered straight to your inbox
Access real-time and historical price trends from global indices
Post and respond to latest business leads
Stay ahead with alerts on learning tools
...and so much more!SIGN UP / LOGIN
Previous article
US urged to probe dramatic increase in imports of Chinese aluminium
Next articleDutch company Prolyte opens new aluminium structures factory in Romania
Grow with
AL Circle
