What is in this article?:
- Accurideâ€™s Restructuring Rewarded with New Orders
- Restructuring and expansion
- Demonstrating improved competitiveness, dependability
- 2013 capital program details to come
Accuride Corporation reports a series of capital investments over the past two years have been rewarded by new, long-term contracts to supply steel and aluminum wheels to OEMs. The company indicated it has logged orders totaling $30 million for aluminum commercial vehicle wheels. Details of the contracts were not released, but Accuride said new long-term agreements with several customers represent over 70% of core wheel business.
Accuride manufactures commercial vehicle wheels, wheel-end components and assemblies, truck body and chassis parts, and other components for North American commercial vehicle manufacturers.
The new business is a positive development after a slowdown in commercial vehicle demand during the fourth-quarter of 2012. Now, Accuride reports its operations are demonstrating improved competitiveness and dependability, including in product quality and delivery and lead-time performance.
“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,” stated Accuride president and CEO Rick Dauch.