DETROIT, Sept. 7 /PRNewswire/ -- ArvinMeritor, Inc. (NYSE: ARM) announced
today its plans to close its Light Vehicle Systems (LVS) shock absorber
assembly operation in Pulaski, Tenn., U.S. The company will transfer a
portion of the production to its Detroit, Mich., U.S., and Toronto, Ont.,
Canada facilities, with remaining business being phased out by July 2006. The
company met with employees today to discuss the transfer and closure plans,
which will affect all 268 employees.
"As announced in our second-quarter earnings release, ArvinMeritor
identified the need to rationalize 11 sites, to further focus its businesses
on serving customer needs and improve its return on invested capital," said
Sidney Del Gaudio, vice president and general manager of LVS Undercarriage
Systems. "Pulaski was one of the 11 sites chosen because its overall costs
exceeded the short- and long-term returns required to sustain the business and
ArvinMeritor's Light Vehicle Systems (LVS) business group posted $4.8
billion in sales during fiscal year 2004, and employs 17,000 people at 75
facilities in 23 countries. LVS -- a market leader in the product categories
it serves -- supplies integrated systems and modules to the world's leading
passenger car and light truck OEMs. With advanced technology and systems
design expertise in apertures, undercarriage, wheel and emissions control, LVS
combines high-quality components into cost-effective, performance-based
solutions for virtually every car and light truck on the road today.
ArvinMeritor, Inc. is a premier $8 billion global supplier of a broad
range of integrated systems, modules and components to the motor vehicle
industry. The company serves light vehicle, commercial truck, trailer and
specialty original equipment manufacturers and related aftermarkets.
Headquartered in Troy, Mich., ArvinMeritor employs approximately 31,000 people
at more than 120 manufacturing facilities in 25 countries. 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:
SOURCE ArvinMeritor, Inc.
Media Inquiries: Colleen Hanley
or Investor Inquiries: Brian Casey
both of ArvinMeritor, Inc.
Web site: http://www.arvinmeritor.com