Accuride Canada Inc. and Canadian Auto Workers Reach Early Agreement

    EVANSVILLE, Ind. & LONDON, Ontario--Dec. 2, 2002--Accuride Canada Inc. and the Canadian Auto Workers (CAW) Union, Local 27 Unit 17 successfully concluded early labour contract negotiations for the London facility, covering approximately 585 hourly employees.
    The London plant entered into early contract talks in late October and reached a tentative agreement with the CAW on November 28, 2002. The CAW ratified the tentative agreement with an acceptance vote on Saturday, November 30, 2002. The new contract includes incremental general wage increases, improvements to pension and benefits, and provisions that will enhance the London plant's operating effectiveness.
    The London plant's existing contract expires March 13, 2003. The new three-year contract runs concurrent to the existing contract and expires on March 12, 2006. This is the second consecutive early contract agreement negotiated at the London plant.
    "We are pleased with the completion of the early contract. This reflects the positive relations between the Company and the Union, the maturity of our organization, and our shared commitment to keeping our customers and their satisfaction as the foundation of our business," said Alastair Brent, Director of Operations for the London plant.

    Accuride Corporation is North America's largest manufacturer and supplier of wheels for heavy/medium trucks and trailers. The Company offers the broadest product line in the North American heavy/medium wheel industry and is the only North American manufacturer and supplier of both steel and forged aluminum heavy/medium wheels. Accuride Corporation also produces wheels for buses, commercial light trucks and sport utility vehicles, and for passenger cars. Accuride Corporation has steel wheel operations in Henderson, Kentucky; London, Ontario, Canada; and in Monterrey, Mexico. Accuride has aluminum wheel operations in Erie, Pennsylvania, and Cuyahoga Falls, Ohio. Additionally, the Company produces tire molds at its Erie, Pennsylvania, facility. Accuride is also involved in a commercial tire and wheel assembly joint venture in Springfield, Ohio, and Talbotville, Ontario, Canada. For more information, visit Accuride's website at http://www.accuridecorp.com.