Accuride and Gianetti to Form Strategic Alliance.Business Editors EVANSVILLE, Ind. & CERIANO LAGHETTO, Italy--(BUSINESS WIRE)--Sept. 1, 2000 Accuride Corporation announced that it has agreed to form a strategic alliance with Gianetti Route S.p.A. (Gianetti) to provide worldwide sourcing of heavy wheels to the commercial trucking industry and to exchange wheel manufacturing technology. Accuride is North America's leading manufacturer and supplier of both steel and aluminum wheels to the commercial trucking industry, while Gianetti is Europe's fastest growing manufacturer of steel wheels for trucks, buses, and off-the-road vehicles. "The strategic alliance between our two world-class companies will allow both Accuride and Gianetti to compete seamlessly on a global basis," explained Bill Greubel, Accuride's President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "This is a win-win situation for our customers, Gianetti, and Accuride. We are extremely pleased with the expanded market options now open to us." The formation of this alliance will create for Accuride a European base to better serve its core customers' increasing demands for a global supply source. "One of the many benefits our customers will experience from this alliance is local sourcing via multiple production locations throughout Europe and North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. ," explained Larry Taylor
Larry Taylor (born Samuel Taylor, 6 June 1942, New York) is an American bass guitarist, best known for his work as a member of Canned Heat from 1967. , Accuride's Vice President Sales and Marketing. "Also, by being the world's only supplier of both medium/heavy aluminum and medium/heavy steel wheels, the combined Accuride/Gianetti product line will be among the most complete in the world." "This alliance will allow us to efficiently develop additional global marketing strategies and further build upon our respective cutting-edge technology in wheel manufacturing," concluded Greubel. Accuride Corporation is North America's largest manufacturer and supplier of wheels for heavy/medium trucks and trailers. The Company offers the broadest product line in the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. heavy/medium wheel industry and is the only North American manufacturer and supplier of both steel and aluminum heavy/medium wheels. Accuride Corporation also produces wheels for buses, commercial light trucks and sport utility vehicles This page lists sports utility vehicles currently in production (as of April 2007), as well as past models. The list includes crossover SUVs, Mini SUVs, Compact SUVs and other similar vehicles. , and for passenger cars. Accuride Corporation has steel wheel operations in Henderson, Kentucky Henderson is a city located in Henderson County, along the Ohio River in Western Kentucky. It was called "Red Banks" by the native Americans who originally lived and hunted there because of the reddish clay soil on the banks of the river. ; Columbia, Tennessee Columbia is a city in Maury County, Tennessee, United States. The population was 33,055 at the 2000 census. It is the county seat of Maury CountyGR6. ; London, Ontario, Canada; and in Monterrey, Mexico. Accuride has aluminum wheel operations in Erie, Pennsylvania “Erie” redirects here. For other uses, see Erie (disambiguation). Erie (pronounced IPA: /ˈɪəri/) is a major industrial city on the shore of Lake Erie in the northwestern corner of the U.S. , and Cuyahoga Falls, Ohio Cuyahoga Falls is a city in Summit County, Ohio, United States. As of the 2003 census, the city population was 50,375. It is currently the second largest city in Summit County. It is considered a suburb of both Akron and Cleveland, but is actually older than Akron. . Additionally, the Company produces tire molds at its Erie, Pennsylvania, facility. Accuride is also involved in a commercial tire and wheel assembly joint venture in Springfield, Ohio, and Talbotville, Ontario, Canada. For more information, visit Accuride's website at http://www.accuridecorp.com. Gianetti Ruote S.p.A. is one of the major European steel wheel manufacturers for trucks, buses and trailers; founded in 1923, the production site is located in Ceriano Laghetto near Milan Italy. Gianetti Ruote S.p.A. supplies key European truck manufacturers such as Iveco Group, M.A.N. Group and Daimler Chrysler as well as the commercial trailer market. Gianetti produces a full line of steel wheels for the European market, and many configurations for the Far East and North American markets. For more information visit Gianetti's website at http://www.gianettiruote.com. Statements contained in this news release that are not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995, including statements regarding the Company's expectations, hopes, beliefs and intentions on strategies regarding the future. Accuride assumes no obligation to update the information included in this release. |
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