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Accuride Corporation Announces Aluminum Wheel Capacity Expansion

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  Published in House and Home on Friday, November 19th 2010 at 7:21 GMT by Market Wire
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EVANSVILLE, Ind.--([ BUSINESS WIRE ])--Accuride Corporation (OTCBB: ACUZ), a leading manufacturer and supplier of commercial vehicle components, today announced a $13 million aluminum wheel capacity expansion plan. The plan entails the addition of aluminum wheel machining and polishing equipment to be located in both the Companya™s Erie, Pennsylvania, facility, and its Monterrey, Mexico, wheel facility.

"Accuridea™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"

aAccuridea™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,a said Bill Lasky, Accuridea™s President, CEO, and Chairman of the Board. aThe 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.a

Installation of equipment in Monterrey will begin in the first quarter of 2011 with completion anticipated by the third quarter of 2011.

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 ].