Accuride Corporation (NYSE: ACW), a leading supplier of components to the commercial vehicle industry, today announced plans to expand aluminum wheel production capacity at its Kershaw County plant. The company will invest at least $8.73 million to add two machine lines as part of the expansion, which will generate at least 25 new jobs. The Kershaw County Council is expected today to vote in favor of a Fee in Lieu of Taxes (FILOT) agreement for the project; and the company is utilizing South Carolina's readySC worker training program for new hires.
“We are pleased to move forward with plans to expand our Kershaw County operations. Our investment helps to ensure we have the right production capacity in place where and when our customers need it, at a higher standard of quality and dependability,” said Accuride Corporation President and CEO Rick Dauch.
“South Carolina has the business environment and the skilled workforce our facility will require to successfully grow both now and in the future; and we appreciate the support we’ve received from both state and local officials to ensure that this happens,” stated Accuride Camden Director of Operations Don Krampe.
In June 2011, Accuride acquired substantially all of the assets of Forgitron Technologies LLC, including the 80,000-square-foot manufacturing facility located at 30 Hengst Blvd. in Camden. Shortly thereafter, Accuride converted the plant to its standards, and announced plans to expand capacity and produce a range of forged aluminum commercial vehicle wheels at the facility.
“Today’s announcement is another win for one of our state’s rural areas. We celebrate Accuride’s decision to invest $8.73 million and create 25 new jobs in Camden. South Carolina continues to provide the business-friendly-climate where companies of all sizes can grow and prosper,” said Gov. Nikki Haley.
In 2011, South Carolina recruited more than $4.7 billion in investment and more than 13,000 new jobs in the manufacturing sector.