EVANSVILLE, Ind. (Nov. 19, 2010) — Vehicle parts maker Accuride Corp. will invest $13 million in the coming year to expand capacity for aluminum wheels for medium- and heavy-duty trucks at its Erie, Pa., and Monterrey, Mexico, plants.
“Accuride's strategic focus on further developing our core product offering and market penetration of these products is resulting in a steadily increasing global demand for our aluminum wheels,” said Bill Lasky, president, CEO and chairman of Accuride.
“The addition of aluminum wheel production capability at our Monterrey wheel facility will allow us to meet the increasing product demands of our customer base both inside and outside the NAFTA region.”
The expansion entails the addition of aluminum wheel machining and polishing equipment at both plants, the firm said. Completion of the project is expected by the third quarter of 2011.
Accuride makes both steel and aluminum wheels at plants around the world. Annual sales of wheels are about $400 million.