A European aluminum manufacturer plans to relocate its U.S. corporate offices from New York to Baltimore.
Constellium US Holdings II LLC, whose parent company is headquartered in Amsterdam, already has started moving workers into its new office at 300 East Lombard Street.
At least 25 senior management and executives — a combination of new hires and relocated employees — will be based there by the end of 2018, according to Constellium.
“We are very excited about the opening of our Baltimore office, which will serve our growth in the U.S. and globally, while driving efficiencies,” said Ryan Jurkovic, Constellium’s chief human resources officer, 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.”
The city is supporting the move with a $150,000 conditional loan, in exchange for commitment to keep the jobs in Baltimore through 2025.
Mayor Catherine E. Pugh announced the deal Wednesday during her weekly news conference.
“These are supposed to be great jobs,” she said. “That’s a big plus for Baltimore.”
Constellium designs, manufactures and sells specialty aluminum products used in the aerospace, packaging and automotive industries.
While its headquarters are in Amsterdam, the company also has corporate offices in Paris and Switzerland, in addition to its office in Baltimore.
Constellium also operates 24 manufacturing sites, including a plant in Ravenswood, W.Va., that employs about 1,000 people, according to the company’s website.
Baltimore Sun reporter Luke Broadwater contributed to this article.