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Accuride Signs New Collective Bargaining Agreement at its Gunite Rockford Facility

^{Published on 2010-11-15 07:55:29 - Market Wire}
 

EVANSVILLE, Ind.--([ BUSINESS WIRE ])--Accuride Corporation (OTCBB: ACUZ), today announced that it has signed a new collective bargaining agreement with the International Union, United Aerospace and Agricultural Implement Workers of America (UAW), Local 718. The new agreement covers approximately 150 employees at the Companya™s Gunite foundry in Rockford, Illinois.

"The new contract allows us to continue to provide competitive wages and benefits for our employees, and fosters a working environment that promotes the safe production of quality product that can be delivered to our customers in an on-time and reliable manner"

aThe new contract allows us to continue to provide competitive wages and benefits for our employees, and fosters a working environment that promotes the safe production of quality product that can be delivered to our customers in an on-time and reliable manner,a said Randy Brull, Accuridea™s Vice President / General Manager Cast Products.

The current contract will expire November 17, 2010. The new agreement is effective November 18, 2010, through November 17, 2014.

Accuride Corporation is one of the largest and most diversified manufacturers and suppliers of commercial vehicle components in North America. Accuridea™s products include commercial vehicle wheels, wheel-end components and assemblies, truck body and chassis parts, seating assemblies and other commercial vehicle components. Accuridea™s products are marketed under its brand names, which include Accuride^®, Gunite^®, Imperial^TM, Bostrom^®, Fabco^TM,Brillion^TM, and Highway Original^®. For more information, visit Accuridea™s website at [ http://www.accuridecorp.com ].

Forward-looking statements Statements contained in this news release that are not purely historical are forward-looking statements within the meaning of Section27A of the Securities Act of 1933, as amended, and Section21E of the Securities Exchange Act of 1934, as amended, including statements regarding Accuridea™s expectations, hopes, beliefs and intentions with respect to future results.Such statements are subject to the impact on Accuridea™s business and prospects generally of, among other factors, market demand in the commercial vehicle industry, general economic, business and financing conditions, labor relations, governmental action, competitor pricing activity, expense volatility and other risks detailed from time to time in Accuridea™s Securities and Exchange Commission filings, including those described in Item 1A of Accuridea™s Annual Report on Form10-K for the fiscal year ended December31, 2009. Any forward-looking statement reflects only Accuridea™s belief at the time the statement is made. Although Accuride believes that the expectations reflected in these forward-looking statements are reasonable, it cannot guarantee its future results, levels of activity, performance or achievements.Except as required by law, Accuride undertakes no obligation to update any forward-looking statements to reflect events or developments after the date of this news release.