International Joint Venture Selects Bowling Green As Site For Facility

International Joint Venture Selects Bowling Green As Site For Facility

Bowling Green, KY, May 9, 2014 (GLOBE NEWSWIRE) -- Constellium N.V., a
European aluminum company and UACJ Corporation, a Japanese aluminum company,
today announced their intention to establish an aluminum production facility
in Bowling Green, expecting $150 million in capital investment and 80 new
jobs. This is the largest capital investment for the South Central Kentucky
region in more than a decade, following a record setting year in 2013.

"This is a huge investment in Kentucky--one that further solidifies our role
as a key player in the auto industry," said Gov. Beshear. "It's also exciting
to see companies from two different continents jointly choose Kentucky as the
place to manufacture an innovative product. I want to thank both Constellium
and UACJ for putting more Kentuckians back to work, and I look forward to
seeing this partnership's impact on vehicles around the world."

"Bowling Green is the right place for this plant, particularly because its
central location will allow us to serve automotive OEMs across the US with our
advanced and innovative range of products," commented Laurent Musy, President
of Constellium's Packaging and Automotive Rolled Products business unit. "The
availability of a highly skilled local labor force and the entrepreneurial
spirit of the area were the decisive factors in choosing the city of Bowling
Green and the state of Kentucky, which has been very supportive during the
decision process".

The announcement follows a signed Joint Venture Agreement between the two
companies to supply aluminum Body-in-White sheet to the North American
automotive industry. The finalization of the joint venture remains subject to
regulatory approvals which are currently expected in the second half of 2014.

"This project is very significant for UACJ in terms of our Body-in-White
market strategy. We look forward to supplying automotive OEMs throughout the
US with advanced products utilizing the technologies each party has separately
developed in EU and Japan. We welcome this Joint Venture with Constellium to
tackle the strategic automotive market in the U.S." said Mitsuru Okada, CEO of
UACJ. "Both companies have been working hard together in the spirit of equal
partnership, allowing us to finalize the agreement in a timely and efficient

The Joint Venture will have an initial target capacity of 100,000 metric tons
(approximately 220 million pounds) supplied by cold rolled coils from both
partners' rolling mills. The facility, which will be located in the Kentucky
Transpark, will be designed to allow for additional expansion beyond this
target. Construction for the project is slated to begin summer of 2014.

"This is a great opportunity for UACJ and Tri-Arrows to participate in this
dynamic growth segment for aluminum along with our partners at Constellium",
said Patrick Franc, President and CEO of Tri-Arrows Aluminum Inc. "We are also
very pleased with the choice of Bowling Green, which is in close proximity to
the Logan rolling mill."

Tri-Arrows Aluminum, which is headquartered in Louisville, Kentucky is a
subsidiary of UACJ. Tri-Arrows manufactures its base aluminum coils at its
joint venture operating mill at Logan Aluminum, Inc. located in Russellville,
Kentucky. Logan is one of South Central Kentucky's largest employers with more
than 1,000 full time employees.

"It is our privilege to welcome this joint venture to Bowling Green," stated
Chamber Board Chairman, John Mark Fones. "We recently celebrated a record
setting year in economic development in 2013 and what a way to kick off 2014;
with the largest project we have seen in more than a decade. We would like to
sincerely thank each organization and individual who took part in making this
project a success. Our congratulations to both companies on their joint
venture, we look forward to their success in South Central Kentucky."

The success of the project is a result of collaborative efforts of local and
state elected officials, as well as numerous organizations across the region.

"The leadership and collaboration in Bowling Green, Warren County and the
state of Kentucky continues to propel our community forward and it is an honor
to be part of such impressive economic growth. Warren County has seen 10
announcements in the last 18 months totaling more than $285 million in capital
investment and over 450 new jobs. We are truly fortunate to welcome this
international joint venture to the Kentucky Transpark as the largest project
we have seen in more than a decade. They will be an asset to the corporate
community here and will have a significant impact. We applaud them for their
venture and congratulate them on their decision," said Judge Executive Michael

The project is not only the largest capital investment in South Central
Kentucky in more than decade, but it is also the largest total capital
investment the Commonwealth has seen thus far in 2014. The total capital
investment of this project surpasses the largest announcement for the region
in 2013, which ranked as the largest capital investment by a new firm and the
third largest overall capital investment in the Commonwealth for the 2013

"This is an incredible win for Bowling Green," stated Mayor Bruce Wilkerson.
"Not only is the joint venture investing in the Kentucky Transpark, they are
investing in our community as well. The attraction of international companies
such as Constellium N.V. and UACJ Corporation puts our region on the map as
the place to be for companies looking to locate their business. We truly
appreciate the confidence the joint venture has in our area and we welcome
them to Bowling Green."

This is the first economic development announcement in 2014 for the Bowling
Green Area Chamber of Commerce following a record setting year in 2013 with
more than $260 million in capital investment and the creation of over 400 new


About Constellium

Constellium is a global sector leader that develops innovative, value added
aluminium products for a broad scope of markets and applications, including
aerospace, automotive and packaging. Constellium generated €3.5 billion of
revenue in 2013.

About UACJ

UACJ was established in October 2013 when Furukawa-Sky Aluminum and Sumitomo
Light Metal Industries integrated their business operations. Both companies
featured a distinguished history as aluminium producers in Japan. Together,
their annual capacity for rolled sheet products exceeded 1 million tons,
making them the largest such manufacturer in Japan and the third largest in
the world.

About Tri-Arrows Aluminum Inc. (TAA)

Tri-Arrows Aluminum, Inc. was established in August 2011 when a Consortium of
then- Sumitomo Light Metals Industries and Furukawa Sky Aluminum, in addition
to Sumitomo Corporation and Itochu Group purchased the former ARCO Aluminum,
Inc. TAA has long been an innovative leader in the supply and marketing of
rolled aluminium can sheet to the North American container industry with
annual production exceeding 325 thousand tons.

About the Bowling Green Area Chamber of Commerce

Incorporated in 1935, the Bowling Green Area Chamber of Commerce is a 5-Star
Accredited Chamber by the U.S. Chamber of Commerce and was named the 2009
Chamber of the Year by the American Chamber of Commerce Executives. As the
fourth largest chamber in Kentucky, the Chamber serves as a premier business
advocate for its more than 1,100 partners and is the driving force for
economic development in South Central Kentucky. Its primary goals are to
promote growth and success in the business community, reaching its small
business partners and those in large industries alike. With leadership
programs, governmental relations projects, educational initiatives and
involvement opportunities, the Chamber aims to support the community and its
neighbors in order to enhance the business climate and continue to grow the

CONTACT: Kim Phelps, Director of Communication, 270-781-3200,

Bowling Green Area Chamber of Commerce logo
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