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
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