ArvinMeritor Affirms Commitment to UK Site
TROY, Michigan, December 1 -- ArvinMeritor, Inc. announced today that it would remain at its Fordhouse Lane site in Birmingham, England, from which the business has operated for more than 30 years. The company currently produces passenger car latches and door modules in the main building, and will remain there as a tenant under a long-term lease, following the sale of the freehold. The new freehold owners will seek a lessee for the other building, which is vacant. Conditions of the sale were not disclosed.
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"ArvinMeritor currently supplies its door system products to a number of UK-based OEMs, with plans to increase penetration with these same customers through innovations developed from Fordhouse Lane," said Tom Lewis, ArvinMeritor Light Vehicle Systems (LVS) vice president and general manager of Apertures. "This sale conserves our capital to better focus on our core latch design and development capabilities. Reducing costs and overhead structure in any way possible is a constant challenge. This transaction is an important step toward building a strong, sustainable local competitive advantage to better address the needs of our customers with operations in the British Midlands."
ArvinMeritor's LVS Apertures division realigned its latch manufacturing operations into one building four years ago, after relocating a portion of its sunroof production to Germany. Today, the site includes a technical centre for designing door latches, test facilities and manufacturing installations for latches, steel carrier plates and door modules.
ArvinMeritor's LVS business group is a global supplier of 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 and emissions control, LVS integrates high-quality components into cost-effective, performance-based solutions available for virtually every car and light truck on the road today.
ArvinMeritor, Inc. is a premier US$8-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. Headquartered in Troy, Michigan, ArvinMeritor employs approximately 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 .
Media inquiries: Colleen Hanley, +1-248-435-1417, colleen.hanley@arvinmeritor.com , or investor inquiries: Alice McGuire, +1 -248-655-2159, alice.mcguire@arvinmeritor.com , both of ArvinMeritor, Inc. Photo: NewsCom: http://www.newscom.com/cgi- bin/prnh/20010524/ARVINLOGO PRN Photo Desk, photodesk@prnewswire.com Company News On-Call: http://www.prnewswire.com/comp/762401.html