Aluminum processor/recycler Constellium is moving its US headquarters to Baltimore from New York City in a move an official with the Amsterdam-based company says "will serve our growth in the US and globally."
The company, which makes aluminum products for the automotive, aerospace and defense industries, must complete the relocation of about 25 employees to Baltimore by the end of 2018 to qualify for a $150,000 loan from the city.
Ryan Jurkovic, Constellium's chief human resources officer, said Tuesday in a statement "we would not be here without the continuous support received by the city of Baltimore and we thank Baltimore for welcoming us so warmly."
Susan Yum, a spokeswoman for the Baltimore Development Corp., said Constellium selected her city "due to the proposed loan, the accessibility to the airport and the leasing prices for office space."
Constellium operates two-dozen plants in Europe and the US, including an aluminum rolling mill in Ravenswood, West Virginia, and a large aluminum can recycling facility in Muscle Shoals, Alabama.
The company is in the process of ramping up a new recycling furnace at Muscle Shoals as it attempts to boost the output of recycled aluminum cans.
