Partnership Will Deliver Door Modules to Kia
DETROIT, Aug. 25 /PRNewswire-FirstCall/ -- ArvinMeritor, Inc. (NYSE: ARM)
announced today that its Light Vehicle Systems (LVS) business group has formed
a joint venture with Pyeong Hwa Automotive (PHA) for the final assembly of
fully integrated door modules delivered just-in-time and sequenced for Kia
Motors Corporation's new plant in Slovakia.
"Winning such a prestigious contract with Kia Motors is one more example
of how our door module strategy continues to gain global customer acceptance,"
said Deborah Henderson, vice president and general manager of Door Systems for
LVS. "We are honored to partner with PHA, and together serve Kia from a new
Customer Value Center located in Kysucke Nove Mesto -- just 20 kilometers from
Kia's plant in Teplicka nad Vahom."
ArvinMeritor and PHA also have various license and supply agreements for
door module design and components for Hyundai Motor Co. in Korea and the
ArvinMeritor began producing components and systems in Central and Eastern
Europe in 1992, with the opening of a door systems operation in Liberec, Czech
Republic. The company's Slovakia facility represents the seventh operation to
be established in this region.
The LVS business group posted $4.8 billion in sales during fiscal year
2005, and employs 15,000 people at 73 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 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.
both of ArvinMeritor, Inc.