CHICAGO Auto parts
manufacturer Accuride Corp. has landed new long-term supply
contracts as a result of its recent capacity expansions.
Evansville, Ind.-based Accuride,
which makes aluminum and steel wheels and related components
for the commercial vehicle industry, has invested $150 million
over the past two years to restructure and expand its core
wheel and wheel-end component operations and upgrade the
capabilities of its four business units, president and chief
executive officer Rick Dauch said at a heavy duty aftermarket
exposition in Las Vegas.
Accuride also doubled its
production capacity for forged aluminum wheels, while the
installation of new machining and assembly equipment and
casting upgrades at its Gunite business unit are 90 percent
complete, Dauch said.
The new long-term contracts are
with several key customers that represent more than 70 percent
of Accurides core wheel business, the company said,
adding that it also has secured new aluminum wheel business of
up to $30 million per year.
Gunite has been designated as a
preferred aftermarket source by a key vehicle maker and removed
from new-business hold by all of its original equipment
manufacturer (OEM) customers, allowing fleets to specify Gunite
products when ordering vehicles, Accuride said.
"Thanks to the investments we
have made in our core business, we are quickly regaining
customers faith in our ability to support their needs
while positioning ourselves for the commercial vehicle market
recovery to come," Dauch said.
Accuride has planned more than $30 million in steel wheel
facility upgrades through 2015. The company did not provide