Wescast Industries Inc.

Wescast Industries Inc.

May 15, 2006 16:00 ET

Wescast Wins New Chrysler Group Business

BRANTFORD, ONTARIO--(CCNMatthews - May 15, 2006) - Wescast Industries Inc. ("Wescast")(TSX:WCS.SV.A) announced today that it has been chosen by the Chrysler Group to supply cast iron exhaust manifolds for its new Jeep® engine program and has also been sourced additional content on the Chrysler Group's minivan program.

Beginning in the second quarter of 2006, Wescast will provide the Chrysler Group with cast manifolds for the 3.8-litre V-6 Jeep Wrangler engine program and will increase its content on the 3.3/3.8-litre Dodge Caravan, Grand Caravan and Chrysler Town and Country program.

"We are delighted to have entered into this new business with the Chrysler Group," said Ed Frackowiak, Chairman and CEO of Wescast. "This solidifies our long-term relationship with the Chrysler Group and strengthens our leadership position in the supply of exhaust manifolds to the North American automotive market."

About Wescast

Wescast Industries Inc. is the world's largest supplier of exhaust manifolds for passenger cars and light trucks. The Company designs, casts, machines and assembles high-quality engineered iron products for automotive original equipment manufacturers ("OEMs") and Tier 1 customers for the car and light truck markets in North America and Europe. The Company employs approximately 1,900 people in 7 production facilities and 3 sales and design centres in Canada, the United States and Germany. The Company also has sales and technical design representation in the United Kingdom, France and Japan. The Company is recognized worldwide for its quality products, innovative design solutions and highly committed workforce.

Learn more at www.wescast.com.

Forward Looking Statements

Wescast and its representatives may periodically make written or oral statements that are "forward-looking", including statements included in this news release and in our filings with applicable Securities Commissions and in reports to our stockholders. These statements may be identified by words such as "believe," "anticipate," "project," "expect," "intend" or other similar expressions, and include all statements which address operating performance, events or developments that we expect or anticipate may occur in the future (including statements relating to future sales or earnings expectations, volume growth, awarded sales contracts and earnings per share expectations or statements expressing general optimism about future operating results). Such statements involve risks and uncertainties that may cause unanticipated events and actually evolve to be materially different from those either expressed or implied. These factors include, but are not limited to, risks associated with the automotive industry, production, marketing and transportation such as loss of market, volatility of prices, currency fluctuations, environmental risks, competition from other producers and ability to access sufficient capital from internal and external sources; as a consequence, actual results may differ materially from those anticipated in the forward-looking statements. For more detailed information regarding these risks you may refer to Wescast's publicly filed documents with applicable Canadian securities authorities Wescast undertakes no obligation to update any of these forward-looking statements.

Contact Information

  • Wescast Industries Inc.
    Mr. Ed Frackowiak
    Chairman & Chief Executive Officer
    (519) 750-0000