* New contracts demonstrate Brillion’s increased competitiveness across a broad range of industries
Brillion, Wisconsin / CRWE PRESS RELEASE / May 23, 2016 – Accuride Corporation (NYSE: ACW) – a leading supplier of components to the North American and European commercial vehicle industries – announced that its Brillion Iron Works business unit has been awarded contracts for $6.5 million in annualized new business across a broad range of industries and applications, including the defense, industrial, municipal, automotive and commercial-vehicle sectors. Earlier this month, Brillion announced that it had secured a major long-term contract to supply transmission flywheels to the Detroit™ subsidiary of Daimler Trucks North America. Together with the Detroit contract, these awards help to further diversify Brillion’s revenue sources and boost utilization of its foundry operations with approximately $14 million in annualized new business.
Brillion’s recent commercial wins closely follow its investment in a new DISA 250-C molding line and upgraded production capabilities. The enhancements increase Brillion’s high-volume production capacity and are helping it secure the new contracts. With 20 percent greater capacity than the previous line, Brillion’s new DISA 250-C utilizes high-speed, flexible green sand molding and automated pouring to produce both austempered ductile and gray-iron castings.
“Our investments in new capacity coupled with our improved cost structure and relentless focus on Lean systems are enabling Brillion Iron Works to win in today’s intensely competitive marketplace,” said David G. Adams, President, Brillion Iron Works. “Our strengthened capabilities are delivering greater value to customers while helping them reduce supply-chain complexity. Producing fully machined castings through our partnership with Diamond Precision and the United Steelworkers expands the potential applications for our services, and opens up new markets for Brillion.”
About Brillion Iron Works
Located in Brillion, Wisc., USA, Brillion Iron Works is a business unit of Accuride Corporation and one of the most versatile iron foundries in North America. Brillion specializes in the casting design and production of gray, ductile and austempered ductile iron products ranging from intricate, thin-walled castings to highly-cored, heavy-sectioned castings. Brillion’s casting excellence is relied upon by leaders in a wide range of industries, including the light vehicle, commercial vehicle; agricultural, construction and mining equipment; and others. Brillion ranks among the top ten independent foundries in the United States. Brillion’s origins date to 1897, when the predecessor to Brillion Iron Works was organized as a small machine shop making farm tools. In 1900, the plant relocated to new buildings and the foundry was added.
About Accuride Corporation
With headquarters in Evansville, Ind., USA, Accuride Corporation is a leading supplier of components to the North American and European commercial vehicle industries. The company’s products include commercial vehicle wheels; wheel-end components and assemblies; and specialty cast-iron components for a range of agricultural, construction and mining, and oil and gas equipment applications. The company’s products are marketed under its brand names, which include Accuride®, Accuride Wheel End Solutions™, Gunite®, Gianetti Ruote™ and Brillion™. Accuride’s common stock trades on the New York Stock Exchange under the ticker symbol ACW. For more information, visit the Company’s website at http://www.accuridecorp.com.
Phone: (812) 962-5105
Timothy G. Weir, APR
Director of Public Affairs, Communications and Marketing
Phone: (812) 962-5128
Source: Accuride Corporation