Amcast Automotive Wins Aluminum Wheel Orders From AutoAlliance International, Inc.

Business Editors

DAYTON, Ohio--(BUSINESS WIRE)--June 1, 2000

Amcast Industrial Corporation (NYSE:AIZ) today announced that Amcast Automotive has been awarded orders for two new aluminum road wheels from AutoAlliance International, Inc.

The wheels are being produced for the 2000 model year Mazda 626 under a contract worth approximately $30 million.

Initial production shipments of the wheels began during January, 2000 and signified an important milestone for the company in their development of new customers for aluminum wheels. Amcast Automotive engineers worked closely with AutoAlliance engineering, quality, and purchasing teams on a fast-to-market approach to this project, with production shipments beginning approximately three months from award of business. "Results of the launch have been outstanding," said Ron DiLiddo, Amcast Automotive president. "Not only has the launch been problem-free, but in conjunction with AutoAlliance personnel we were able to begin initial production shipments on the first wheel two weeks ahead of schedule."

"AutoAlliance's business is important to us," said DiLiddo. "The two wheel programs involve a substantial percentage of production at one of our aluminum wheel production facilities and the award of these two wheel programs is an indication of AutoAlliance's high degree of confidence in our ability to bring product to market in a reduced time-frame. We appreciate this vote of confidence AutoAlliance has given Amcast Automotive and are confident of follow-on orders with this customer."

Amcast Industrial Corporation is a leading manufacturer of technology-intensive metal products. Its two business segments are brand name Flow Control Products marketed through national distribution channels, and Engineered Components for original equipment manufacturers. The company serves the automotive, construction, and industrial sectors of the economy.

This release includes "forward-looking statements" which are subject to change based on various factors and uncertainties that may cause actual results to differ significantly from expectations. These factors include, among others; general economic conditions less favorable than expected, fluctuating demand in the automotive and housing industries, price pressures in the company's automotive and flow control businesses, effectiveness of production improvement plans, inherent uncertainties in connection with international operations and foreign currency fluctuations, and labor availability and relations at the company and its customers.