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Superior Selects Site for a Second Aluminum Wheel Manufacturing Facility

11 November 1999

Superior Industries Selects Site for a Second Aluminum Wheel Manufacturing Facility in Mexico

    VAN NUYS, Calif.--Nov. 11, 1999--Superior Industries International Inc. Thursday announced that it has selected a site for a new aluminum road wheel production facility near its existing facility in Chihuahua.
    When completed next year, the new facility will cost approximately $50 million and will be the most technologically advanced state-of-the-art manufacturing plant. This will be the company's ninth wheel facility making Superior by far the largest manufacturer of aluminum wheels in the world.
    "Unit shipments of Superior's aluminum road wheels to original equipment manufacturers (OEM) continue at a record pace. Based on the more than $300 million in OEM aluminum wheel contracts recently announced, including new and replacement orders, we need additional capacity to keep up with demand. The company's plans to expand three of its existing facilities, in addition to this new plant in Mexico, will be funded entirely from internal cash," a spokesman said.
    "A key to our success over the years has been Superior's willingness to invest in state-of-the-art facilities and equipment to ensure that we always deliver the highest quality products built to exacting specifications, on time and on budget. Our decision to invest in these new facilities in Mexico underscores our continued commitment to industry leadership," the spokesman added.

    About Superior Industries

    Superior supplies aluminum wheels and other aluminum components to Ford, General Motors, BMW, Volkswagen, Audi, Rover, Toyota, Mazda, Nissan and Isuzu.

    The statements contained in this release that are not historical facts, may be deemed to constitute forward-looking statements. Actual results might differ materially from those projected in such statements due to a number of risks and uncertainties, including, without limitation, demand and competition for the Company's products, and other risks or uncertainties detailed in the Company's filings with the Securities and Exchange Commission.