HANNOVER, Germany, Sept 20, 2010 /PRNewswire via COMTEX/ -- ArvinMeritor, Inc. (NYSE: ARM) reiterated its commitment to bring leading-edge brake technology to the China market at the 63rd IAA Commercial Vehicle Show in Hannover.
The company recently announced plans to invest $15 million to expand its capabilities in Nanjing, located in the Jiangsu Province, with both a technical center and manufacturing facility. This move is part of ArvinMeritor's strategy to deploy its capabilities to support Chinese truck and bus makers throughout the vehicle lifecycle. The company's localization plan defines four core elements:
- Products designed for local requirements
- In-market engineering and testing capabilities
- Local manufacturing and supply chain management
- Customer service and support
"We are committed to China and look forward to offering customized solutions for a dynamically changing market," said Apter. "Our comprehensive localization plan will provide value to our customers and has already demonstrated positive results with a significant portion of local production content on the air disc brake product."
ArvinMeritor expects to expand its range of applications in 2011 with a product portfolio tailored to the needs of the emerging on-highway truck segment.
ArvinMeritor, Inc. is a premier global supplier of a broad range of integrated systems, modules and components to original equipment manufacturers and the aftermarket for the transportation and industrial sectors. The company marked its centennial anniversary in 2009, celebrating a long history of 'forward thinking.' The company 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 important information about the company, visit the company's Web site at: http://www.arvinmeritor.com/.
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SOURCE ArvinMeritor, Inc.