Once completed, Accuride’s 2012 investments will double the company’s aluminum wheel production capacity at its Monterrey and Camden plants. This will bring sufficient aluminum capacity online this year to meet the peak industry cycle demand expected in 2013-2014. Planned factory-flow improvements will further increase throughput from the newly-added wheel machining lines, enabling Accuride to achieve enhanced production performance for customers.
These 2012 investments build upon Accuride’s significant actions in 2011 to increase aluminum wheel production, including:
Steel Wheel Improvements
- The June acquisition and re-launch of its aluminum wheel manufacturing facility in Camden, S.C.;
- The November launch of Accuride’s new Mega-Line at its Erie plant, which set a new industry benchmark in process technology; and
- The transfer of an aluminum wheel machining line to Accuride’s Monterrey plant, which made it Mexico’s only supplier of both steel and aluminum wheels for commercial vehicles.
The OEM and aftermarket leader in steel wheels, Accuride’s Wheels business unit has demonstrated strong service and financial performance. For 2012, the company will make targeted investments in machining, equipment, facility upgrades and engineering initiatives to further improve product and process quality. In addition, Accuride’s Lean Manufacturing initiatives are further reducing variation and cycle times.
The second phase of Accuride’s capital investment program, to be announced later this quarter, targets the Gunite wheel-end business unit that produces spoke wheels, hubs, rotors, full cast brake drums and automatic slack adjusters. These investments will address the production issues and capacity constraints that Gunite experienced during 2011. The resulting manufacturing improvements will boost Gunite’s capacity and throughput, and improve product quality.
About Accuride Corporation
With headquarters in Evansville, Ind., USA, Accuride Corporation is a leading supplier of components to the commercial vehicle industry. The company’s products include commercial vehicle wheels, wheel-end components and assemblies, truck body and chassis parts, and other commercial vehicle components. The company’s products are marketed under its brand names, which include Accuride
. Accuride’s common stock trades on the New York Stock Exchange under the ticker symbol ACW. For more information, visit the Company’s website at
Statements contained in this news release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding Accuride’s expectations, hopes, beliefs, and intentions with respect to future results. Such statements are subject to the impact on Accuride’s business and prospects generally of, among other factors, market demand in the commercial vehicle industry, general economic, business and financing conditions, labor relations, governmental action, competitor pricing activity, expense volatility and other risks detailed from time to time in Accuride’s Securities and Exchange Commission filings, including those described in Item 1A of Accuride’s Annual Report on Form 10-K for the fiscal year ended December 31, 2010. Any forward-looking statement reflects only Accuride’s belief at the time the statement is made. Although Accuride believes that the expectations reflected in these forward-looking statements are reasonable, it cannot guarantee its future results, levels of activity, performance or achievements. Except as required by law, Accuride undertakes no obligation to update any forward-looking statements to reflect events or developments after the date of this news release.