International Joint Venture Breaks Ground on Bowling Green Plant

International Joint Venture Breaks Ground on Bowling Green Plant

Bowling Green, KY, July 2, 2014 (GLOBE NEWSWIRE) -- Governor Beshear joined
local, company and elected officials today to celebrate the groundbreaking of
the Constellium-UACJ Body in White Plant in Bowling Green just two months
after their initial site selection decision. The companies signed the
international joint venture in May and announced their $150 million investment
in an automotive aluminum sheet production facility in the Kentucky Transpark.

"What an exciting day for Bowling Green and all of Kentucky," said Gov.
Beshear. "This huge investment will further solidify our role as a key player
in the auto industry. I want to thank Constellium N.V. and UACJ Corporation
for locating here, and I look forward to seeing the impact of this operation."

"We are really thrilled to mark the official start of the Bowling Green
plant's construction today", said Constellium's CEO Pierre Vareille. "This
project is highly strategic and it is the first milestone of an ambitious
strategy to become a major player in the fast growing US aluminum body sheet

Constellium, a European aluminum company and UACJ, a Japanese aluminum company
will supply an initial target capacity of 100,000 metric tons (approximately
220 million pounds) of cold-rolled aluminum coils, which will be treated and
processed in Bowling Green.

"Today, we are very pleased to take the next step forward to the initiation of
the Joint Venture with Constellium. We are committed to deliver advanced
products to our customers from mid-2016 onwards, utilizing the technologies
each party has separately developed in EU and Japan," commented Shigenori
Yamauchi, Chairman of the Board & CEO, UACJ.

The company will continue their fast track with construction beginning on the
facility in July, start of production in the first half of 2016 with full
capacity reached by 2018. The Joint Venture will create 80 new jobs and the
plant is being designed for future expansion beyond the initial target.

"The multinational project team has worked hard over the last year to go that
far and it is great to see the alignment of both shareholders," stated Pat
Franc, President & CEO of Tri-Arrows Aluminum, a fully controlled subsidiary
of UACJ.

"We were honored to be chosen as the site for this project," stated Chamber
Board Chairman John Mark Fones. "This is the largest investment in our region
in more than a decade. But what is even more exciting is the companies'
dedication and eagerness to begin production. Their aggressive timeline for
construction means more jobs for our region's residents in a short amount of
time. This is a company that is looking to succeed, but more importantly they
are looking to grow. We couldn't be happier to have them here in South Central

The plant will produce finished aluminum body sheets for the North American
automotive industry responding to the growing demand for aluminum in
automotive manufacturing.

Consul-General of Japan Motohiko Kato, based in Nashville, was in attendance
to celebrate the Joint Venture and the growth of the manufacturing sector in
the region.

"Both regional and global competition is intense," stated Consul-General Kato.
"But there is no doubt that Kentucky lies at the heart of one of the world's
most important manufacturing regions."

"Our corporate citizens are such an important part of the growth and
development of our community," stated Mayor Bruce Wilkerson. "When we have a
company that comes in ready to hit the ground running, we know that their
dedication and investment will allow them to succeed here. The impact this
joint venture will have on Bowling Green will be great and I believe there is
no limit to the success they will find here. We appreciate their confidence in
our community and look forward to working with them in the future."

"It is truly an honor to be a part of this project that represents such a
strong partnership among companies from around the world. The decision of this
joint venture to bring their operations to Bowling Green attests to the
attraction of our strategic location and skilled workforce. We have no doubt
that they will be a perfect fit for the collaborative spirit and automotive
hub here in Warren County. We congratulate them on this landmark in the
process and look forward to their success here in South Central Kentucky,"
stated Judge Executive Michael Buchanon.

Both the City of Bowling Green and Warren County were instrumental in helping
to bring this project to South Central Kentucky, in addition to many other
organizations throughout the Commonwealth. A thank you luncheon was held in
May with more than 50 individuals in attendance to celebrate the collaborative

The finalization of the joint venture remains subject to regulatory approvals
which are currently expected in the second half of 2014.

The initial announcement of the joint venture is among five total
announcements for the Bowling Green Area Chamber of Commerce in 2014 for a
total capital investment of more than $187 million and the creation of over
330 jobs.


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 Communications,, 270.901.4611

Bowling Green Area Chamber of Commerce logo
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