AICM Announces Domestic Container Manufacturing Agreement with Navistar

CHEROKEE, Ala., June 15, 2015 /PRNewswire/ -- American Intermodal Container Manufacturing Company, LLC (AICM) announced it has entered into a long-term manufacturing agreement with Navistar Inc. (NYSE: NAV) to jointly produce high-tensile steel 53-foot domestic shipping containers at the company's Barton Riverfront Industrial Plant in Cherokee, Alabama.

"We are very excited to partner with such a highly respected and well-known transportation industry brand," said Patrick Marron, Chief Executive Officer of AICM. "This agreement will allow our company to meet a critical need in the domestic intermodal container market by producing and delivering an American-made product that will exceed current industry standards."

Formed in 2012, AICM has partnered with Centerline (Windsor) Limited which has designed and is currently in the build-phase of an advanced robotic welding and fully integrated assembly production system with the capacity to produce more than 15,000 domestic containers annually. The manufacturing process also includes an environmentally safe and highly advanced paint system with an on-site paint shop and fully operational blast shot and dry sheds, featuring the latest in automated application technology and a rigorous quality assurance program.

"We are confident that as a result of these strategic partnerships and investments at our state-of-the-art production facility, AICM will be in a strong position to lead the intermodal container industry in North America," Marron continued. "There is strong demand in the intermodal marketplace and AICM will have the ability to supply our customers with a superior and reliable product."

Constructed in 2007 on a 630-acre parcel located along the Tennessee River in Northern Alabama, the LEED certified Barton Riverfront facility has roughly 2.3 million square feet of production and manufacturing space. The facility offers on-site rail spurs that extend inside the building and is in direct proximity to essential rail and interstate connections.

AICM recently announced the appointment of transportation industry veteran Jack Allen as Chairman of its Board. The company has successfully produced and tested several 53-foot container prototypes that meet the Association of American Railroad (AAR) industry standard. AICM expects operations to begin in the first quarter of 2016.            

About American Intermodal Container Manufacturing Company, LLC: American Intermodal Container Manufacturing Company, LLC (AICM) is a privately owned company formed to provide the North American market with a reliable source of high quality 53-foot domestic shipping containers and similar transport products.  AICM will be headquartered in Cherokee, Alabama. For more information, please visit www.aicmusa.com

Contacts: e3communications Kevin G. Banes 518.810.2638 Danielle DelMonte 716.854.8182

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SOURCE American Intermodal Container Manufacturing Company, LLC