Deals Include PACCAR and Other Customers Around the World
Global technology, engineering and advanced manufacturing leader Arconic
(NYSE:ARNC) has signed more than $450 million in long term agreements
over the past year with customers in North America , South America,
Europe and Asia for its forged aluminum wheels. The largest is a
long-term agreement with PACCAR, a global leader in the design,
manufacture and customer support of high-quality light-, medium- and
heavy-duty trucks. Arconic will supply forged aluminum Alcoa®
wheels for PACCAR trucks under the Kenworth and Peterbilt nameplates.
“This new agreement builds on our decades-long partnership with PACCAR
to deliver premium performance wheels to PACCAR customers,” said Merrick
Murphy, President of Arconic Wheel and Transportation Products. “Our
forged aluminum truck wheels are the lightest commercial vehicle wheels
on the market, and they have unbeatable strength and corrosion
resistance, meaning our customers can carry more payload, more
efficiently and spend less on maintenance – it’s a win-win-win.”
As part of the agreement, PACCAR customers will have access to Arconic’s
entire portfolio of Alcoa® wheels. This includes the
newly-launched Ultra ONE® wheels made with the proprietary
MagnaForce® alloy, the lightest heavy-duty truck wheel on the
market with 17% more strength than standard aluminum wheels. By
converting from steel to Alcoa® wheels, an entire tractor trailer can
shed up to 1,400 pounds. The wheels are available in a variety of
surface options, including the patented, easy-care, corrosion-resistant
Dura-Bright® EVO.
“PACCAR is committed to uncompromising engineering and industry-leading
designs that meet and exceed our customers’ expectations,” said Bill
Jackson, PACCAR’s Vice President of Global Purchasing. “We offer the
best products to our customers, and Alcoa Wheels are part of our option
packages. We are pleased to be able to extend our longstanding
partnership.”
Over the past year, Arconic signed more than a dozen other contracts in
North America, South America, Asia and Europe with customers in the
truck, trailer, bus and RV segments. The wheels are being supplied by
Arconic Wheel and Transportation Products facilities in Cleveland, Ohio;
Monterrey, Mexico; Kofem, Hungary; and Suzhou, China. The company has
recently invested in expanding capabilities in each of these regions to
support business growth.
Dissemination of Company Information
Arconic intends to make future announcements regarding Company
developments and financial performance through its website on www.arconic.com.
About Arconic Wheel and Transportation Products
Arconic Wheel and Transportation Products serves the commercial
transportation market with products used in a range of applications,
including forged aluminum Alcoa® wheels such as Ultra ONE®
with MagnaForce® alloy, Dura-Bright®, Dura-Flange®,
LvL ONE® and M-Series® medium duty truck wheels.
Arconic Wheel and Transportation Products is part of the Arconic
Transportation and Construction Solutions business segment. For more
information, visit www.alcoawheels.com,
@AlcoaWheels on Twitter or AlcoaWheels on Facebook.
About PACCAR
PACCAR is a global technology leader in the design, manufacture and
customer support of high-quality light-, medium-, and heavy-duty trucks
under the Kenworth, Peterbilt and DAF nameplates. PACCAR also designs
and manufactures advanced diesel engines, provides financial services
and information technology, and distributes truck parts related to its
principal business.
About Arconic
Arconic (NYSE: ARNC) creates breakthrough products that shape
industries. Working in close partnership with our customers, we solve
complex engineering challenges to transform the way we fly, drive, build
and power. Through the ingenuity of our people and cutting-edge advanced
manufacturing techniques, we deliver these products at a quality and
efficiency that ensure customer success and shareholder value. For more
information: www.arconic.com.
Follow @arconic: Twitter, Instagram, Facebook, LinkedIn and YouTube.
Arconic
Investors
Patricia Figueroa
212-836-2758
patricia.figueroa@arconic.com
or
Media
Tracie Gliozzi
412-553-1345
tracie.gliozzi@arconic.com