Accuride Corporation (NYSE: ACW) expects to make additional investments of approximately $75 million in 2012 to strengthen product availability, quality and reliability, upgrade its manufacturing processes and improve customer service.
Accuride’s 2012 North American investments build upon the company’s $35 million investment in 2011 to increase its aluminum wheel production capacity.
“Accuride is committed to being a reliable and dependable supplier of steel and aluminum wheels and wheel-end components for our OE and aftermarket customers,” Accuride President and CEO Rick Dauch said. “We made solid progress in boosting our production capacity last year, and are stepping up our investments to extend and accelerate that progress throughout 2012. These investment plans further demonstrate our continuing commitment to improve product quality and ensure availability to meet growing demand by our customers and the industry. We won’t be satisfied until Accuride becomes the premier supplier of wheel-end system solutions to the global commercial vehicle industry.”
The first phase targets new machining lines and related equipment in the Wheels business and is already underway. A second phase involves improvements at Accuride’s Gunite operations.
Related content: Accuride Boosts Aluminum Truck Wheel Capacity