SHANGHAI, China, Aug. 7 /PRNewswire/ -- ArvinMeritor, Inc. (NYSE: ARM)
today announced it will open a new wholly-owned operation in Wuxi, Jiangsu
Province, China. The 300,000 sq. ft. facility will initially manufacture
trailer axles and suspensions for key trailer manufacturers in China, as well
as for export of components to North American and European plants. The
company's board of directors approved the investment in the new facility.
Production is estimated to begin in the first half of 2007.
Other drivetrain and brake components will be added to the operation's
portfolio, as the company continues to pursue its strategic enterprise model.
"As the country's infrastructure improves, tractor-trailer configurations
are expected to rise exponentially, and we will be ready to support both
current and future market needs with advanced technology," said Sergio
Carvalho, vice president and general manager of ArvinMeritor's Trailer
Products and Suspensions business.
Investment in the Wuxi operation will include $35 million for new
The company has identified local sourcing for its components, which
furthers its integrated manufacturing strategy to bring all aspects of the
supply chain within close proximity of the facility.
ArvinMeritor is the worldwide market leader for trailer axles and plans to
become a major player in China's growing trailer undercarriage market.
Today, the company has four Commercial Vehicle Systems (CVS) manufacturing
facilities in China, with one being wholly-owned and the remaining three
operating as joint venture partnerships. These locations assemble or produce
axles, brakes and related components for medium- and heavy-duty trucks, off-
highway and bus and coach markets, in addition to the aftermarket. All
products are produced for export or are supplied to leading vehicle
manufacturers in China.
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
all of ArvinMeritor, Inc.