Shiloh Industries, Inc. : Plant Receives Local New Business Award

For Immediate Release CONTACT:

Max Muncey
The Quell Group
248.519.2066 [e-mail]

SHILOH INDUSTRIES PLANT RECEIVES LOCAL NEW BUSINESS AWARD

VALLEY CITY, Ohio, Jan. 29, 2014 - Shiloh Industries, Inc. (NASDAQ: SHLO), a leading supplier of lightweighting, noise and vibration solutions, announced today its Alma, Mich. facility was honored by the Alma Action Association, a branch of the Gratiot Area Chamber of Commerce, with the New Business Award.

"This recognition from the local chamber highlights the positive impact we anticipate our Alma location will have on the Alma community," said Ramzi Hermiz, president and chief executive officer, Shiloh Industries, Inc. "We are injecting nearly $1.5M in capital investment into the facility in 2014 to support new customer programs. In addition, we will be adding 55 jobs as production ramps up for the launch of General Motor's new, fuel-efficient nine speed transmissions."
The Alma location recently became a part of Shiloh industries through the acquisition of Contech Castings, and over the past few months, the plant has undergone a significant transformation in facility improvements and manufacturing upgrades.
"You can feel the excitement building among employees, everyone knows big change is on our doorstep in regards to increasing Alma's capabilities," added Dustin McDonald, Alma plant manager. "This expansion is not only beneficial for the city, it also allows Shiloh to offer our clients more options in lightweighting and casting technologies."
Each year, the Alma Action Association (AAA) distinguishes businesses that are new to Alma, or that have recently changed ownership, with the New Business Award to recognize their commitment to community growth. This is the plant's first award as a part of Shiloh Industries, Inc.

About Shiloh Industries, Inc.

Headquartered in Valley City, Ohio, Shiloh Industries is a leading supplier, providing light weighting and noise, vibration and harshness (NVH) solutions to automotive, commercial vehicle and other industrial markets. Shiloh delivers these solutions through design, engineering and manufacturing of first operation blanks, engineered welded blanks, complex stampings, modular assemblies and highly engineered aluminum die casting and machined components serving the body-in-white, emission, powertrain, structural and seating needs of OEM and Tier 1 customers. The company multiple locations across North America, including Georgia, Indiana, Kentucky, Michigan, Ohio, Tennessee, Wisconsin and Mexico, and has approximately 2,000 employees.
# # #