Accuride Corporation (NYSE: ACW), a leading supplier of components to the commercial vehicle industry, today announced that it has completed its initial expansion of aluminum wheel production capacity in Mexico during the Expotransporte ANPACT 2011 show at Expo Guadalajara in Jalisco, Mexico. The company's expansion, first announced in November 2010, involved the transfer of an existing machining line from its Erie, Pa., plant to its Accuride de Mexico facility in Monterrey, Nuevo Leon to support expanding customer requirements for aluminum wheels in the region.
"Accuride's successful launch of new aluminum capacity at our Monterrey facility demonstrates our commitment to produce products our customers need, where they need them," said Rick Dauch, President and Chief Executive Officer, Accuride. "This expansion makes our Monterrey facility Accuride's first plant capable of producing both steel and aluminum wheels. In addition to serving Mexico's growing aluminum wheel market, the new capacity in Monterrey positions us closer to our customers' expanding footprint in Mexico and the Southeastern United States."
Accuride de Mexico's aluminum wheel capacity expansion began in early 2011 and was completed in June with the successful transfer of an existing machining line from the Accuride Wheels Erie, Pa. facility. The new line, which is now operating at full capacity, establishes Accuride de Mexico as the country's only single-source supplier of both steel and aluminum wheels for the local medium- and heavy-duty commercial vehicle market. The 226,000 square-foot facility is located on approximately 22 acres on the north side of Monterrey. It was built in 1999 and employs approximately 400 people.
For more information about Accuride's products and technologies, visit the company's booth (#J0463) at the Expotransporte ANPACT 2011 show at Expo Guadalajara in Jalisco, Mexico from Nov. 16 to 18. During the show, Accuride will showcase its range of wheel and brake products for the Mexican market, including Accu-Lite® Aluminum Wheels with XP finish, Gunite Optimum Lightweight Drum (GOLD®), Gunite Value Drum, Gunite Next Generation Tru-Set® Bearing Spacer System, and its Gunite Automatic Slack Adjuster.
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™ and Brillion™. Accuride's common stock trades on the New York Stock Exchange under the ticker symbol ACW.
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