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.
“South Carolina’s manufacturing renaissance continues to build up steam with announcements like this one from Accuride. This announcement also shows that our automotive-related sector continues to create new jobs,” said Secretary of Commerce Bobby Hitt.“It is exciting to see that Accuride, one of our industry neighbors, is growing and prospering,” said Kershaw County Council Chairman Gene Wise. “This is the solid result of the supportive pro-business climate we enjoy in Kershaw County.” “We are excited about today's announcement by Accuride Corporation to expand their operations in Kershaw County. More and more corporations are discovering the benefits of investing in South Carolina. We welcome these new jobs and greatly appreciate being a part of the corporate strategy and development plans of Accuride,” said Central SC Alliance Chairman Jim Apple. The company has already begun hiring for the new positions. Anyone interested in job opportunities with the company should contact SCWorks at (803) 432-5153. 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 ®, Gunite ®, Imperial TM and Brillion TM. 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 www.AccurideCorp.com.