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Superior Industries Plans to Expand Arkansas Plant

August 29, 2000|Bloomberg News

Superior Industries International Inc. in Van Nuys, a maker of automobile wheels and other parts, said it plans to double the size of an Arkansas plant to meet rising orders for aluminum suspension parts.

The company intends to spend about $5 million to expand its Heber Springs plant to about 300,000 square feet.

The factory, acquired last September, will employ about 150 people, with production scheduled to start by mid-2001.

Auto suppliers are being pressed by auto makers to make lighter parts to help reduce vehicle weight and improve fuel economy.

Earlier this month, Hayes Lemmerz International Inc., Superior's primary rival and the largest maker of wheels, agreed to buy a German aluminum auto-parts foundry to boost its ability to produce lightweight aluminum suspension parts.

Superior has an estimated $30 million worth of orders for the suspension parts over the next three years, the company said.

Superior has more than 5,000 employees and supplies aluminum wheels and other auto parts to Ford Motor Co., General Motors Corp., DaimlerChrysler and others.

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