Deals Include PACCAR and Other Customers Around the World
CLEVELAND--(BUSINESS WIRE)--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.
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.
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.