In January 2015, Constellium announced theacquisitionofWise Metals Intermediate Holdings LLC (Wise), a private aluminium sheet producer located in Alabama, USA. The acquisition of Wise, which has the widest hot strip mill in North America, provided Constellium with immediate access to 450 kilo metric tons (kt) of hot mill capacity. "We are currently investing to keep up with the demand for increasing automotive capacity," says Catherine Athenes. "We plan to invest up to $750 million by 2022 to increase Wise's current hot mill capacity to more than 700 kt and build 200 kt of dedicated Body-in-White (BiW) finishing capacity to serve the rapidly growing automotive market."
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