Accuride Announces Investment in Aluminum Wheels Production Equipment
EVANSVILLE, Ind.--Accuride Corporation today announced that it is investing approximately $25 million in its aluminum wheel business. The investment includes two new, state-of-the-art hydraulic presses plus other tactical improvements to facilities and equipment.
“This investment represents both a long term commitment to our valued aluminum wheel customers and a significant milestone in the implementation of our strategic plan,” said Rick Klein, Vice President and General Manager of Accuride Aluminum Wheels. “Accuride’s strategic plan focuses on providing our customers enhanced value through efficient, reliable capacity, outstanding quality and industry leading delivery performance.”
It has been tentatively decided to locate the new press cells in Erie, Pennsylvania. The new press cells will be installed in late 2007 and are expected to be operational by the first quarter of 2008. Additional changes to facilities and equipment are expected to be implemented during the second and third quarters of 2007.
Accuride Corporation is one of the largest and most diversified manufacturers and suppliers of commercial vehicle components in North America. Accuride’s products include commercial vehicle wheels, wheel-end components and assemblies, truck body and chassis parts, seating assemblies and other commercial vehicle components.
Accuride’s products are marketed under its brand names, which include Accuride, Gunite, Imperial, Bostrom, Fabco and Brillion. For more information, visit Accuride’s website at http://www.accuridecorp.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 for Accuride Corporation: All comments relating to any future period are forward-looking statements, subject to uncertainties and risk that could cause actual results to vary materially from what is suggested here. These statements are subject to risks and uncertainties, including without limitation, the risks detailed from time-to-time in Accuride’s filings and reports with the Securities and Exchange Commission.