Hayes Lemmerz International, Inc. Wheel Groups Announce Expansion of Their Product Lines to Include Aluminum Wheels for the Comm
September 21 2005 - 11:15AM
PR Newswire (US)
NORTHVILLE, Mich., Sept. 21 /PRNewswire-FirstCall/ -- Hayes Lemmerz
International, Inc. (NASDAQ:HAYZ) announced today that its
International and North American Wheel Groups intend to expand
their product lines to include low-pressure cast aluminum wheels
for commercial truck and trailer customers. Current plans are to
have several truck wheel designs and dimensions on the market in
2006. Products for the European markets will be produced at the
Company's Dello, Italy facility where it currently houses its
European R&D center for aluminum wheels. In North America,
aluminum truck wheels will be produced at the Company's
Gainesville, Georgia facility where a specific OE truck program is
also scheduled to launch in 2006. "Aluminum wheels are becoming
widely accepted in European truck markets by offering weight
savings versus steel wheels, improving fuel economy and increasing
payload. Aluminum enables styling flexibility and functionality
previously unavailable with steel wheels," said Fred Bentley,
President of the International Wheel Group. "In addition, this will
allow our North American Wheel Group to further expand their
product offering." Pieter Klinkers, Vice President of Sales said,
"Hayes Lemmerz is the world's largest supplier of steel wheels for
trucks, serving over 200 truck and trailer customers worldwide. We
have 11 aluminum wheel plants in five continents. The market for
aluminum wheels for trucks is growing and is currently dominated by
a single competitor. We believe that our customers are seeking a
reliable, existing supplier that can offer them an alternative
source for aluminum wheels. The fact that we are already a part of
their supply base with steel wheels is an advantage for both
parties." In Europe, Hayes Lemmerz is the only wheel manufacturer
that produces both steel wheels and aluminum wheels and serves both
passenger vehicle and commercial truck segments. Hayes Lemmerz
International, Inc. is a leading global supplier of automotive and
commercial highway wheels, brakes, powertrain, suspension,
structural and other lightweight components. The Company has 40
facilities and has approximately 11,000 employees worldwide.
DATASOURCE: Hayes Lemmerz International, Inc. CONTACT: Marika
Diamond of Hayes Lemmerz International, Inc., +1-734-737-5162 Web
site: http://www.hayes-lemmerz.com/
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