Wescast Industries Inc.

Wescast Industries Inc.

October 30, 2006 08:01 ET

Wescast Announces Opening of China Sales and Engineering Office

BRANTFORD, ONTARIO--(CCNMatthews - Oct. 30, 2006) - Wescast Industries Inc. ("Wescast")(TSX:WCS.A) announced today the official opening of a sales and engineering office in the Hongqiao district of Shanghai, China. The office will support Wescast's recently announced expansion into Asia, which provides for the establishment of an integrated foundry and machining facility in Wuhan, Hubei Province, China. The new sales and engineering office will also support all of Wescast's current and future customers in China.

"We see the opening of our China sales and engineering office as a significant step as Wescast establishes a global footprint, with manufacturing, sales and engineering support in North America, Europe and Asia" said Ed Frackowiak, Wescast Chairman and CEO. "We now have the ability to support our global customers in each major geographic region through sales, product development and innovation, with the continued support of our technical development team headquartered in Canada."

"In addition to Wescast's presence in Japan, the opening of our Shanghai sales and engineering office will advance our position with our growing customer base in the region, while also providing a point of contact for our global customers co-located in China" said R.J. Morford, Wescast Director of Sales for Asia Pacific.

Wescast's growth in Asia will continue to be based on adding value to powertrain products through performance improvements, high temperature exhaust solutions, emissions reductions, product innovation and lower costs.

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 6 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, Japan and China. 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