Accuride Corp.

Gianetti Ruote Introduces Lightweight Steel Wheel at IAA 2016

Accuride Corporation (NYSE: ACW) – a leading supplier of components to the European and North American commercial vehicle industries – today introduced a new lightweight steel wheel from Gianetti Ruote for Europe’s commercial vehicle industry. Weighing just 34 kilograms, the new wheel for truck and trailer applications will be available to customers in the first quarter of 2017. Its new design incorporates improved mechanical properties and corrosion resistance of new high-strength low-alloy steel. It also includes the safety hump, protected valve configuration and stringent biaxial testing performance required by leading OEMs. Gianetti’s design engineering process enabled it to trim the wheel’s weight without changing the disc thickness, resulting in a wheel that is lighter yet equally durable as its predecessor. Accuride introduced the wheel during its news briefing at IAA 2016 in Hannover, Germany, Hall 13, Stand F18.

This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20160922005259/en/

Accuride’s new lightweight steel wheel from Gianetti Ruote for European commercial vehicle OEM and a ...

Accuride’s new lightweight steel wheel from Gianetti Ruote for European commercial vehicle OEM and aftermarket applications. (Photo: Business Wire)

“Gianetti Ruote is aggressively reengineering its steel wheel design and manufacturing processes to help customers reduce vehicle weight and emissions while increasing fuel economy and payload,” Accuride President and CEO Rick Dauch said. “This new lightweight wheel represents the latest breakthrough in Gianetti Ruote’s effort to deliver the industry’s lightest, most durable and environmentally conscious steel wheels. Look for more design innovation from Gianetti Ruote in 2017.”

Gianetti Ruote supplies lightweight yet durable steel wheels to Europe’s leading commercial vehicle OEMs. Valued by customers for its design and materials engineering, Gianetti offers wheels for truck, bus and trailer applications in sizes ranging from 16″ to 24″ in diameter and 6.75″ to 14.00″ in width. These include tubeless disc, tube-type and wide-base steel wheels meticulously assembled under Gianetti Ruote’s strict standards for optimum quality, performance and service life. For additional information, go to www.GianettiRuote.com/product.

About Gianetti Ruote S.r.l.

Headquartered in Ceriano Laghetto near Milan, Italy, Gianetti Ruote is a leading producer of steel wheels for the European commercial vehicle industry. Gianetti has maintained its technology and innovation leadership for over 130 years. Founded in the 1880s, today Gianetti Ruote is a division of the Accuride Wheels business unit of Accuride Corporation, which acquired a majority stake in Gianetti in 2015 from CLN Group of Italy. Gianetti produces high-quality steel wheels for trucks, buses and trailers. A leading OEM supplier, the company is expanding its presence within the European commercial vehicle industry with trailer manufacturers and Aftermarket tire and wheel distributors. For more information: www.GianettiRuote.com.

EN
22/09/2016

Reports on Accuride Corp.

 PRESS RELEASE

Accuride Corporation Announces Completion of Acquisition by Crestview ...

EVANSVILLE, Ind.--(BUSINESS WIRE)-- Accuride Corporation (NYSE:ACW) (“Accuride” or the “Company”) – a leading supplier of components to the North American and European commercial vehicle industries – today announced the completion of its acquisition by funds managed by Crestview Partners (“Crestview”), a leading New York based private equity firm, pursuant to the merger agreement it announced on September 2, 2016. Accuride’s shareholders adopted the merger agreement at the Company’s Special Meeting of Shareholders held on November 15,...

 PRESS RELEASE

Accuride Corporation Announces Expiration and Results of Cash Tender O...

EVANSVILLE, Ind.--(BUSINESS WIRE)-- Accuride Corporation (“Accuride” or the “Company”) (NYSE: ACW) – a leading supplier of components to the North American and European commercial vehicle industries – today announced the expiration and results of its previously announced cash tender offer (the “Tender Offer”) for any and all of its outstanding $310.0 million aggregate principal amount of 9.5% First Priority Senior Secured Notes due 2018 (the “Notes”). The Tender Offer expired at 12:00 Midnight, New York City time, at the end of the da...

 PRESS RELEASE

Accuride Shareholders Approve Transaction with Crestview

EVANSVILLE, Ind.--(BUSINESS WIRE)-- Accuride Corporation (NYSE:ACW) (“Accuride” or the “Company”) – a leading supplier of components to the North American and European commercial vehicle industries – today announced that, based on the votes cast at the Company’s Special Meeting of Shareholders held earlier today, Accuride’s shareholders voted to approve the proposed transaction with Crestview Partners (“Crestview”). Under the terms of the Merger Agreement with Crestview Partners, except as otherwise provided, Accuride shareho...

Ford Equity US Rating and Forecast Report

Ford Equity Research covers more than 4,000 stocks using a proprietary quantitative model that evaluates a company’s earnings strength, its relative valuation and recent price movement. Ford’s five recommendation ratings include strong buy, buy, hold, sell, strong sell. For all stocks in our coverage universe, ratings are generated each week and reflect the fundamental and price data as of the last trading day of the week.

 PRESS RELEASE

Accuride Corporation Sends Letter to Shareholders and Recommends a Vot...

EVANSVILLE, Ind.--(BUSINESS WIRE)-- Accuride Corporation (NYSE:ACW) (“Accuride” or the “Company”) – a leading supplier of components to the North American and European commercial vehicle industries – today announced that it is mailing a letter to shareholders in connection with the Company’s Special Meeting of Shareholders regarding the proposed transaction for Accuride to be acquired by affiliates of Crestview Partners (“Crestview”). Accuride’s Board of Directors urges the Company’s shareholders to vote FOR Crestview’s value...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch