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Wescast Announces Chrysler Neon Business

13 July 2000

Wescast Announces Chrysler Neon Business

    BRANTFORD, Ontario - Wescast Industries Inc. has been chosen to supply cast exhaust manifolds for the 2.0L PL engine program for DaimlerChrysler's Neon vehicle.

    Wescast will manufacture the program at one of its iron casting facilities and then ship directly to the Tier 1 machinist who is currently tooled to handle this part.

    "This translates into an additional 280,000 pieces per year for three years, and approximately $4.3 million of additional annualized revenue for Wescast commencing the second quarter of this year," said Company President and CEO, Ray Finnie. "The decision to expand our manufacturing capacity recently has given us much more flexibility to handle more immediate customer requests such as this Neon program."

    Wescast Industries Inc. is the world's largest supplier of cast exhaust manifolds for passenger cars and light trucks. The Company designs, develops, manufactures, and machines high-quality iron and steel exhaust manifolds for automotive OEMs. In addition to auto parts, the Company produces pressure retaining high-alloy cast steel pump components for the petrochemical, pulp and paper and food processing industries. Wescast operates seven production facilities in North America, and has three sales and design offices in North America and Europe. The Company is recognized worldwide for its quality products, innovative design solutions, and highly committed workforce.