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.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV