Accuride Corp., a supplier of components to the North American commercial vehicle industry, announced that its recent actions to restructure and upgrade core operations have improved operational performance and enabled the company to secure new long-term agreements for steel and aluminum wheels.
In 2011, Accuride launched a two-year, $150 million investment program to restructure and expand its core wheel and wheel-end component operations, and upgrade the capabilities of each of its four business units. These investments include $55 million for additional aluminum wheel capacity, $35+ million to restructure and upgrade its Gunite business, and $21 million in environmental and safety-related facility upgrades.
Today, with its aluminum wheel manufacturing investments complete, Accuride has doubled its production capacity for forged aluminum wheels, while Gunite’s program to install advanced machining and assembly equipment, upgrade casting and consolidate its manufacturing footprint is 90% complete. Accuride also plans more than $30 million in steel wheel facility upgrades during 2013-15 and will announce details of its 2013 capital program later this year.
“The majority of our program to restore dependable operational performance across Accuride is now complete and already yielding gains in product quality, delivery, lead-times, pricing and competitiveness,” says Rick Dauch, Accuride CEO and president.
For more information on Accuride, see Accuride launches new corporate branding.
For more information, visit www.AccurideCorp.com.
