American Railcar Industries Inc was founded and incorporated in Missouri in 1988, reincorporated in Delaware in January 2006 and reincorporated again in North Dakota in June 2009. It is a North American designer and manufacturer of hopper and tank railcars. The Company operates in three segments: manufacturing, railcar leasing and railcar services. Manufacturing consists of railcar manufacturing and railcar and industrial component manufacturing. Railcar leasing consists of railcars manufactured by the company and leased to third parties under operating leases. Railcar services consist of railcar repair services, engineering and field services, and fleet management services. The Company's hopper railcars might be equipped with varying combinations of hatches, discharge outlets and protective coatings to provide its customers with a railcar designed to perform in precise operating environments. The Company manufactures non-pressure and pressure tank railcars at its Marmaduke plant. Its tank railcars are designed to enable the handling of a number of commodities including petroleum products, ethanol, asphalt, vegetable oil, corn syrup and other food products. Railcar services consist of railcar repair services, engineering and field services, and fleet management services. Its main customers for these services are leasing companies and shippers of tank and specialty hopper railcars. The Company could service the entire railcar fleets of its customers, including railcars manufactured by other companies. ARI, Pressureaide, Center Flow and its railcar logo are its U.S. registered trademarks. The Company's operations include eight manufacturing plants that fabricate and assemble raw materials, mainly steel, into railcars, railcar components and industrial components; six railcar repair plants; and twelve mobile repair and mini-shop locations and its services business includes online access by customers, fleet management, painting, lining and cleaning offerings, regulatory consulting and engineering support. The Company's business depends on the adequate supply of numerous railcar components, such as railcar wheels, brakes, axles, bearings, yokes, tank railcar heads, sideframes, bolsters and other heavy castings, and raw materials, such as steel and normalized steel plate, used in the production of railcars. It uses hot rolled steel coils, as-rolled steel plate and normalized steel plate to manufacture railcars. Heavy castings it uses in its railcar manufacturing mainly include bolsters, sideframes, couplers and yokes. The Company obtains a considerable portion of its castings requirements from its joint venture, Ohio Castings. The Company's primary customers include leasing companies, industrial companies, shippers, and Class I railroads.
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