Hayes Lemmerz International to Expand Presence in Mexico
30 November 1999
Hayes Lemmerz International to Expand Presence in MexicoNORTHVILLE, Mich. Nov. 30 -- Hayes Lemmerz International, Inc. , one of the world's leading suppliers of wheels, brakes, suspension, structural and other lightweight components to the automotive and commercial highway markets, and its partner UNIK, S.A. de C.V., a subsidiary of DESC, S.A. de C.V. , today announced that they will expand capacity at their cast aluminum wheel plant in Chihuahua, Mexico. The $23 million expansion will be completed in 2001 and will result in an increase in annual production from 300,000 to 1.2 million cast aluminum wheels. "This additional capacity will provide Hayes Lemmerz with an opportunity to meet expected demand for world class aluminum wheels, as we continue to grow our market position in North America," said Ronald Kolakowski, president of Hayes' North American Automotive Wheel Group. "Adding capacity in Mexico will further strengthen our efforts to serve our global customers. This expansion will bring the most advanced casting technology to produce world-class quality products," said Emilio Mendoza, Chief Executive Officer of UNIK, S.A. de C.V. Hayes Lemmerz International, Inc. is one of the world's leading global suppliers of automotive and commercial highway wheels, brakes, suspension, structural and other light weight components. The Company has annual sales of approximately $2.3 billion with 40 plants, 8 joint venture facilities and 15,000 employees worldwide. More information about Hayes Lemmerz International is available at http://www.hayes-lemmerz.com , and a complete list of current and archived press releases is available at http://www.hayes-lemmerz.com/press_kit . CONTACTS: Marika P. Diamond Peter Collins Hayes Lemmerz International, Inc. Rubenstein Associates, Inc. 734-737-5162 212-843-8050