MILTON, Canada, March 5 /PRNewswire/ -- Meritor Suspension Systems Company
(MSSC), a joint venture between ArvinMeritor, Inc. (NYSE: ARM) and Mitsubishi
Steel Manufacturing, announced today that it plans to close its coil spring
operations in Milton, Ontario, Canada. The company met with union officials of
the Canadian Auto Workers Local 1067 today to discuss the closure plans which
will impact all 165 employees.
"We are experiencing unprecedented economic pressure within the global
automotive industry," said Gerald Anderson, president and general manager,
MSSC. "This closure reflects actions we are taking to reduce fixed costs in
response to significantly lower vehicle production volumes."
The company is currently evaluating the transfer of this business to other
MSSC facilities in North America. The phased closure is anticipated to be
complete by the end of 2009.
MSSC is a joint venture between ArvinMeritor and partner Mitsubishi Steel
Mfg. Co., Ltd. The joint venture, formed in 1986, produces steel torsion and
stabilizer bars and coil springs for the North American passenger car and
light truck markets. MSSC has two other manufacturing plants located in
Chatham, Ontario, Canada and Hopkinsville, Ky., in the United States.
ArvinMeritor owns 57% of the joint venture.
ArvinMeritor, Inc. is a premier global supplier of a broad range of
integrated systems, modules and components to the motor vehicle industry. The
company marks its centennial anniversary in 2009, celebrating a long history
of 'forward thinking.' ArvinMeritor serves commercial truck, trailer and
specialty original equipment manufacturers and certain aftermarkets, and light
vehicle manufacturers. ArvinMeritor common stock is traded on the New York
Stock Exchange under the ticker symbol ARM. For more information, visit the
company's Web site at: www.arvinmeritor.com/.
SOURCE ArvinMeritor, Inc.
both of ArvinMeritor, Inc.
Web Site: http://www.arvinmeritor.com