Accuride Erie Facility Reaches New Collective Bargaining Agreement
May 21 2014 - 4:40PM
- Agreement lends stability, solidifies competitiveness for the
advanced aluminum wheel facility
Accuride Corporation (NYSE:ACW), a leading supplier of components
to the North American commercial vehicle industry, today announced
that it has successfully reached a new four-year collective
bargaining agreement with the International Union, United
Automobile, Aerospace and Agricultural Implement Workers of America
(UAW), Local 1186, which represents approximately 209 hourly
associates at Accuride's aluminum wheel manufacturing facility in
Erie, Pennsylvania.
Accuride President and CEO Rick Dauch praised the positive
outcome, saying, "Accuride is extremely pleased to have amicably
reached a new agreement at Erie – well ahead of schedule – that
will provide continued stability and competitiveness for our
industry-leading aluminum-wheel production facility. This shared
achievement reflects both the strengths and talents of our Erie
associates and the spirit of teamwork that exists at the facility.
The agreement follows our three-year investment in new production
equipment and processes that have enabled the Erie plant to achieve
world-class operating standards, and provides flexibility to meet
increasing customer demand as the North American commercial vehicle
industry recovery continues."
The parties' existing collective bargaining agreement was
entered into in August 2010 and will expire at midnight on
September 3, 2014. The new agreement is effective September 4,
2014, through September 3, 2018.
About Accuride Corporation
With headquarters in Evansville, Ind., USA, Accuride Corporation
is a leading supplier of components to the North American
commercial vehicle industry. 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
SolutionsTM, Gunite®, and
BrillionTM. 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.
Forward-Looking Statements
Statements contained in this news release that are not purely
historical are forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended, including
statements regarding Accuride's expectations, hopes, beliefs, and
intentions with respect to future results. Such statements are
subject to the impact on Accuride'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 Accuride's Securities and Exchange Commission
filings, including those described in Item 1A of Accuride's Annual
Report on Form 10-K for the fiscal year ended December 31, 2013.
Any forward-looking statement reflects only Accuride'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.
CONTACT: MEDIA RELATIONS CONTACT
Timothy G. Weir, APR
Director of Public Affairs, Communications & Marketing
(812) 962-5128 | tweir@accuridecorp.com
INVESTOR RELATIONS CONTACT
Todd Taylor
Vice President and Treasurer
(812) 962-5105| ttaylor@accuridecorp.com
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