ArvinMeritor Announces Construction of New Commercial Vehicle Systems Plant in Monterrey, Mexico
TROY, Mich. (Nov. 7, 2007) — ArvinMeritor, Inc. (NYSE: ARM) today announced it will open a new Commercial Vehicle Systems (CVS) facility in Monterrey, Mexico. This new facility – which will include approximately 400,000 square feet of manufacturing and office space – will provide additional capacity for the company’s axle and brake assembly operations and component manufacturing.
“We are looking forward to beginning construction of this new facility,” said Carsten Reinhardt, president of CVS for ArvinMeritor. This investment demonstrates our commitment to being a leading supplier in the North American truck industry.” Start of production is scheduled for May 2008.
Reinhardt added, “We have worked closely with government officials in the state of Nuevo Leon to expeditiously plan and launch this facility so that we are operational prior to the anticipated upturn in the North American markets.”
Alejandro Páez Aragón, Secretary of Economic Development, said, “We are very pleased that ArvinMeritor has selected the state of Nuevo Leon for their new facility in Mexico. This action continues to demonstrate that Mexico, in general, and particularly, the State of Nuevo Leon, is a strong competitor for new operations as automotive and truck manufacturers – and their suppliers – expand their operations in North America.
ArvinMeritor’s additional operations in Mexico include:
* Wheels facility in San Luis Potosi, Mexico
* Roof and door module facility in Puebla, Mexico
* Ride Control Aftermarket facility in Queretaro, Mexico
* Commercial vehicle aftermarket warehouse in Escobedo, Mexico
* Sistemas Automotrices de Mexico joint venture in Monterrey, Mexico, which manufactures axles, brakes and drivelines for the North American market
About ArvinMeritor
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 19,000 people 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
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