ArvinMeritor to Relocate Aftermarket
Operations from Pulaski, Tenn.
TROY, Mich., April 25 ArvinMeritor, Inc. today
announced its decision to relocate its light vehicle aftermarket operations
from Pulaski, Tenn. The company cited weakened conditions in the light
vehicle aftermarket segment and a necessity to maximize cost synergies as the
reason for the moving. The Light Vehicle Systems operation, adjacent to the
Aftermarket facility, will remain at the current location in Pulaski.
The Light Vehicle Aftermarket facility manufactures ride control products
and employs approximately 230 people. The Pulaski Light Vehicle Aftermarket
facility is scheduled to close by the end of the year when the transition of
the current business is made to the existing ArvinMeritor locations.
Aftermarket customers will continue to be serviced through a realignment of
capacity at existing facilities in Canada, Oklahoma, Venezuela and Mexico,
where a Light Vehicle Systems facility already exists.
Dan Daniel, president, Light Vehicle Aftermarket division, ArvinMeritor,
acknowledged the quality work and dedication employees have contributed and
said the company will provide plant employees with outplacement assistance.
"While this decision is very difficult, the downturn in the aftermarket
industry and the declining demand for ride control products in the US market
is forcing us to find new ways to be cost-effective and efficient," Daniel
said. "This action will help us to remain competitive in the long term in a
highly cyclical industry."
ArvinMeritor, Inc. is a premier $7-billion 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 related aftermarkets. In
addition, ArvinMeritor is a leader in coil coating applications, including
those for the transportation, appliance, construction and furniture
industries. The company is headquartered in Troy, Mich., and employs 36,000
people at more than 150 manufacturing facilities in 26 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
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