Accuride Corporation Announces Joint Venture with Benecor
March 26 2008 - 8:30AM
Business Wire
Today, Accuride Corporation (NYSE: ACW) announced that it
has�entered into�a joint venture with Benecor, Inc. Through the
joint venture, the companies will focus on building a Diesel
Exhaust Fluid�(DEF)�(UREA) dispensing infrastructure. Engine and
truck manufacturers have spent tremendous resources developing
engine offerings�that comply with�new�emissions standards�that
become effective�in 2010. Many have adopted Selective Catalytic
Reduction (SCR) technology that requires the use of DEF�(UREA) as a
central operating fluid that virtually
eliminates�nitrous-oxide�(NOx)�emissions from diesel engines. In
addition to having equipment on a vehicle that provides emissions
compliance,�it is equally important to have easy access to the
fluid required to operate this system. Accuride and Benecor are
joining together to provide the dispensing systems required to
service this coming need. �We are very happy to fill this need in
the market place,� explained Steve Holt, Accuride�s Senior Vice
President of Strategy, Growth, and Technology. �Accuride has strong
relationships throughout the�commercial vehicle�industry as does
Benecor. Our truck, OEM and fleet�customers, DEF producers,
and�chemical distributors are thrilled to have us step up and fill
this market void. We are planning to build an infrastructure which
will provide a�cost-effective�solution to ensure ease of compliance
for the industry.� �We recognize the sheer scope of effort required
to meet the needs of this market rollout, and joining with Accuride
will afford us the opportunity to expedite the�manufacturing and
installation of the storage and dispensing units at truck
stops,�diesel fueling stations and fleets throughout�North America.
We could not have asked for a better partner to meet this
challenge,� explained Brendan Foster, President of Benecor.
Accuride Corporation is one of the largest and most diversified
manufacturers and suppliers of commercial vehicle components in
North America. Accuride�s products include commercial vehicle
wheels, wheel-end components and assemblies, truck body and chassis
parts, seating assemblies and other commercial vehicle components.
Accuride�s products are marketed under its brand names, which
include Accuride, Gunite, Imperial, Bostrom, Fabco, and Brillion.
For more information, visit Accuride�s website at
http://www.accuridecorp.com. Benecor,�Inc. is the front-runner in
North America for designing and developing UREA dispensers for the
Diesel Engine market. Benecor offers a variety of dispensing and
packaging products including large capacity above- and below-ground
tanks. For more information, visit Benecor's website at
http://www.benecor.net. Safe Harbor Statement under the Private
Securities Litigation Reform Act of 1995 for Accuride Corporation:
All comments relating to any future period are forward-looking
statements, subject to uncertainties and risk that could cause
actual results to vary materially from what is suggested here.
These statements are subject to risks and uncertainties, including
without limitation, the general market conditions, the specific
market for Company common stock, the performance of the Company�s
business and other risks detailed from time-to-time in Accuride�s
filings and reports with the Securities and Exchange Commission.
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