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Amsted Rail is Planning the Reopening of Its Bessemer, Alabama Wheel Facility

Business Wire- 12/7/2010 12:30:00 PM EST

Amsted Rail is Planning the Reopening of Its Bessemer, Alabama Wheel Facility

( BW)(IL-AMSTED-RAIL-COMPANY)(.) Amsted Rail is Planning the Reopening of Its Bessemer, Alabama Wheel Facility

Amsted Rail officials are considering reopening their Alabama wheel manufacturing facility in Jefferson County. The company has recently held discussions with representatives from Birmingham Business Alliance, Alabama Development Office, Jefferson County Commission, Jefferson County Economic Industrial Development Authority, Birmingham Industrial Development Board, and the City of Birmingham in an effort to resume manufacturing, which was suspended in 2001.

“The market for railroad wheels in North America has always been cyclical but we are committed to being prepared for the anticipated upturn in demand stemming from projected increases in new freight car builds and rail traffic volumes over the next few years,” said Mr. John Wories, President of Amsted Rail.

“This commitment towards increasing our capacity would ensure that Amsted Rail is prepared to support our long term strategic customers as business volumes return,” said Mr. William O’Donnell, Senior Vice President of Sales and Marketing, for Amsted Rail.

Pending successful completion of negotiations with local economic development authorities, the facility would be upgraded with the latest technology and made available for production when the market returns. If activated, the plant would provide jobs for hundreds of employees located in the Birmingham area providing both direct and indirect support of the facilities.

About Amsted Rail Company, Inc.

Amsted Rail Company is the world’s leading manufacturer of undercarriage rail car components for heavy haul freight rail cars. The company focuses on providing complete system solutions, such as: rail car truck & braking systems (trucks/bogies, wheels, bearings, axles, hand brakes, slack adjusters, empty/load devices, truck mounted brakes, brake cylinders, truck mounted brake rigging) and end of car energy management systems (couplers, yokes, draft gears, cast draft sills, cushioning units) for heavy haul railways around the world. In addition, Amsted Rail Company provides rail fastening solutions and asset monitoring (GPS & Condition Based Monitoring) solutions for transit and heavy haul rail. www.amstedrail.com

CONTACT:

Amsted Rail Company, Inc.
Brad A. Myers, Vice President – Marketing
800-621-8442
bmyers@amstedrail.com

KEYWORDS:   United States  North America  Alabama  Illinois

INDUSTRY KEYWORDS:   Transport  Rail  Other Transport  Manufacturing  Engineering  Steel  Other Manufacturing

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