Automotive Supplier Albert Weber Expands in Charleston

ALBERT WEBER MANUFACTURING EXPANDS OPERATIONS IN CHARLESTON REGION

JUNE 6, 2005 – Albert Weber Manufacturing Corporation, a manufacturer of
high-end components and systems for the automotive industry, will expand its
existing Dorchester County facility, located at 231 Deming Way, Summerville,
SC. Today's announcement was facilitated by the Charleston Regional Development
Alliance.

Albert Weber's product portfolio includes production of cylinder blocks,
cylinder heads, connecting rods, crankshafts, chargers (turbocharger, g-charger
and supercharger), gearbox housings and other cubic parts. The Summerville
plant will produce crankshafts for DaimlerChrysler Corporation. Company
officials said they are committed to a production capacity of 110,000
crankshafts per year, and will start Series Production in February 2006.

Albert Weber expects to invest $11 million in the expansion and create
approximately 25 new jobs during its start-up phase. The company will work
with South Carolina's Center for Accelerated Technology Training in the
recruitment of and education for its technically skilled workforce.

Daniel Weber, COO of Albert Weber, elaborated: ''Crankshaft production at Albert
Weber is highly automated. Process reliability and high efficiency with a
unique part traceability system are at the core of this established
manufacturing line. A highly skilled workforce is necessary to achieve our
goals and we feel confident we will find that talent in the Charleston region.''

Alliance Chairman Ted Creech welcomed the news of Albert Weber's expansion.
''Following AngelouEconomics' recent recommendation for targeting and nurturing
the automotive cluster, it's exciting to see such a dynamic, forward-thinking
company choose to increase their business in our region. We welcome this
expansion and the high quality jobs it will bring to the area.''

Chris Murphy, Dorchester County Council Chairman, also welcomed the
announcement: ''Companies such as Albert Weber make our region a standout on the
international stage. We are proud that this dynamic company has selected
Dorchester County, and we will do everything we can to ensure they continue to
prosper here.''

''Dorchester County Council and our economic development team have worked very
hard to make this happen,'' said George Tupper, Dorchester County Development
Board Chairman. ''I'd like to thank the South Carolina Department of Commerce
and the Charleston Regional Development Alliance for the professional
assistance they provided to Dorchester County. This announcement is truly the
result of a team effort.''

In facilitating competitive expansion and relocation projects for the region,
the Charleston Regional Development Alliance works with numerous partners and
agencies. The relationship with the state of South Carolina is of key
importance to the Alliance.

''Our automotive industry is another integral part of the cluster strategy we're
using to help create new jobs and bring additional capital investment to South
Carolina,'' said Gov. Mark Sanford. ''This administration is going to keep
pushing for additional income tax relief and other tools to improve our
business environment and bring better jobs and a higher quality of life to
Charleston and all regions of our state.''

''Albert Weber's decision to expand in South Carolina is further indication that
our automotive cluster is a unique niche that the state has,'' said Commerce
Secretary Bob Faith. ''We welcome the expansion of another quality-driven,
technology-based manufacturer in our state.''

About the Charleston Regional Development Alliance
The Charleston Regional Development Alliance represents Berkeley, Charleston
and Dorchester counties. Its mission is to broaden and diversify business
investment in this region, with an emphasis on technology-intensive business
sectors. Since its inception, the Alliance has worked with thousands of
companies to help promote business investment and quality growth in the area.
To learn more, go to www.charleston-for-business.com.

# # #
Alliance Media Contacts:
Natalie J. Lawrence
843-760-4523
[email protected]

Company Contact:
Gerd Huber, Business Director
Albert Weber Manufacturing
843-875-6366
[email protected]

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