TROY, Mich., Jan. 24 /PRNewswire/ -- ArvinMeritor's Commercial Vehicle
Systems business announced today that it has signed a long-term agreement with
Liteflex, LLC to be the exclusive distributor of Liteflex(R) truck, trailer,
and specialty vehicle composite mechanical springs. The agreement is
effective immediately for North America and several other global markets, and
extends the existing agreement that originated in 2003.
"We are pleased to extend this agreement with Liteflex to a long-term
arrangement, not only for ourselves but more importantly for our customers,"
said Sergio Carvalho, vice president and general manager, ArvinMeritor Trailer
Products. "In the relatively short amount of time this venture has been in
place, we have been able to offer tremendous advantages to our customers
through the benefits of composite technology."
"Continuing this agreement is a win-win scenario not only for our
companies, but particularly for fleets and end-users that will gain from
lightweight composite technology," said Daniel Chien, Vice President, Liteflex
Sales and Engineering. "Liteflex's composite design and processing expertise
and ArvinMeritor's sales and marketing presence and undercarriage engineering
expertise have proven to be a great fit."
Going forward, the two companies will jointly develop integrated composite
suspension modules and systems to address the need for lighter weight and
better riding suspensions. A prime example of this is the SimilAir(R)
composite trailer spring, which has been successfully field tested in over 100
trailers since August 2004, and will be launched early next year. The
collaboration between ArvinMeritor and Liteflex will also provide the
opportunity to pursue the use of composite technologies in components beyond
"We've already seen the wide-ranging benefits composite mechanical springs
can offer fleets and end-users," commented Carvalho. "Our combined expertise
will allow us to build on what exists today to take composite technologies to
the next level."
These heavy duty springs will be manufactured at Liteflex facilities in
Dayton, Ohio. The company has produced over 15 million composite leaf springs
for European and North American automotive and commercial vehicles over the
past 24 years.
Liteflex, LLC is a privately held company since 2001 with world
headquarters and four manufacturing sites located in the Dayton, Ohio area.
The company has a 25-year heritage of GM, Inland and Delphi composite
technology with a new entrepreneurial spirit of innovation. See
ArvinMeritor, Inc. is a premier 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 certain aftermarkets. Headquartered in Troy,
Mich., ArvinMeritor employs approximately 29,000 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: http://www.arvinmeritor.com .
SOURCE ArvinMeritor, Inc.
D. Mike Pennington
both of ArvinMeritor, Inc.