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Accuride Corp. (ACW) Building upon Established Presence in North American Commercial Vehicle Industry
Accuride Corp. (NYSE:ACW) is a leading manufacturer and supplier of components to the North American commercial vehicle industry. The company’s products – including steel and aluminum commercial vehicle wheels, wheel end components and assemblies, and truck body and chassis parts – are marketed under some of the automotive industry’s most recognizable brand names, such as Accuride®, Gunite® and Brillion™. Through a diversified customer base that includes substantially all of the leading commercial vehicle original equipment manufacturers (OEM), Accuride has established a formidable position atop the automotive component market.
In May, Accuride built upon its impressive customer base through the execution of a multi-year agreement with one of the leading all-makes parts brands in the commercial transportation industry, Daimler Trucks North America. According to the terms of this agreement, Accuride will supply its American-made Gunite brake drums, which offer first-fit quality and reduced stopping distance (RSD) compliance, to Daimler’s aftermarket parts group.
“We are pleased to have been chosen as Daimler’s primary aftermarket wheel end supplier and appreciate this expression of confidence… in the quality, dependability and performance of our made-in-the-USA Gunite brake drums,” Rick Dauch, president and chief executive officer of Accuride, stated in a news release.
Accuride plans to supply the entirety of the Daimler drums from its Gunite wheel end component production facility in Rockford, Illinois, which is one of its nine technologically-advanced facilities located across North America. The company’s substantial investments in advanced machining technology and rigorous quality processes should allow Accuride to continue building on its reputation within the industry moving forward.
In recent months, Accuride has continued to post improved financial results. During the first quarter of 2015, the company recorded $183.7 million in net sales, realizing a year-over-year increase of over 10 percent. This growth can be attributed to the strong performance of the North American truck and trailer production industry. In addition to strong production increases across both medium and heavy duty truck classes, forecast increases in freight tonnage throughout the next several years will continue to drive increased demand for Accuride’s manufacturing capabilities.
For prospective investors, Accuride provides significant promise through its established and growing presence in the thriving commercial vehicle industry. Look for the company to continue leveraging deals with leading commercial vehicle OEMs in order to continue promoting sustainable returns in the months to come.
For more information, visit www.accuridecorp.com
