ArvinMeritor to Supply Shock Absorbers for Hyundai Motors Commercial Vehicles
LOUISVILLE, Ky., March 19 -- ArvinMeritor's Commercial Vehicle Systems' (CVS) business has signed an agreement with Hyundai Motor Company to supply shock absorbers for its medium- and heavy-duty trucks, effective immediately. The shock absorbers will be manufactured at the company's Ride Control facility, located in Toronto, Ont., Canada.
The announcement was made here today at the Mid-America Trucking Show.
The company will supply rear primary suspension shock absorbers for Hyundai's 6 x 4 and 6 x 2 tractors, 8 x 4 dump trucks and 10 x 4 25T cargo vocational trucks built in Chonju, South Korea.
"The formalizing of this agreement is a testament to the level of support we have been able to provide to this new and important customer," said Al Pontes, managing director, CVS Worldwide Ride Control. "We have great success exporting our products to the Asia-Pacific region for a number of commercial vehicle customers. We are pleased that Hyundai has recognized our strength and capabilities."
ArvinMeritor's Commercial Vehicle Ride Control division is dedicated to world-class leadership in the development and manufacture of Ride Management Solutions(TM) for commercial vehicle, power sports, motorcycle, industrial, and all other non-automotive markets. Products are manufactured and distributed under ArvinMeritor's Gabriel(R) and RydeFX(R) brand names.
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. The company is headquartered in Troy, Mich., and employs 32,000 people at more than 150 manufacturing facilities in 27 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: www.arvinmeritor.com .
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