ArvinMeritor Transfers World-Class Light Vehicle Emissions Technologies to Create Advanced Diesel Emissions Solutions for Commercial Vehicles
Clean Air Solutions promise significant opportunities for business growth
TROY, Mich., June 11 -- At a press briefing today, ArvinMeritor, Inc. unveiled a suite of Clean Air Solutions technologies and products designed to help commercial vehicles meet the increasingly stringent emissions regulations in the United States and Europe. These advanced technologies are the direct result of migrating the company's extensive experience and expertise in light vehicle emissions technologies to the commercial vehicle market. ArvinMeritor's Clean Air Solutions also position the company to take advantage of significant future growth opportunities.
"This revolutionary technology represents one of the synergistic opportunities we saw for the 2000 ArvinMeritor merger. It also demonstrates our ongoing commitment to meeting customer needs," said Larry Yost, ArvinMeritor chairman and CEO. "Our commercial vehicle customers have a great and immediate need for ways to meet the very tough emissions regulations on the near horizon. We took Arvin's leading position in exhaust technology for light vehicles and applied that expertise to develop effective solutions for our heavy-truck customers. These solutions will help them meet the emissions management challenges they face today, and will face tomorrow. The result is a win for both ArvinMeritor and our customers."
It is anticipated that all diesel engine manufacturers will need to implement a combination of exhaust after-treatment systems with engine design and control changes to comply with extremely stringent U.S. and European regulations. U.S. standards for the commercial vehicle industry call for a 90-percent or more reduction from current levels of particulate matter (PM) and oxides of nitrogen (NOx) emissions from diesel-powered vehicles. That mandate will take effect in stages between 2007 and 2010. Similarly stricter European standards are being mandated in 2005 and 2008.
"We are a leading supplier to commercial vehicle original equipment manufacturers (OEMs) in North and South America, as well as in Europe," said Tom Gosnell, president of ArvinMeritor's Commercial Vehicle Systems business group. "No one matches the range and depth of our portfolio of products. With the technological breakthroughs we've made in creating Clean Air Solutions for gasoline-powered engines, we're poised to achieve a similar position in diesel emission control. That's an issue as far-reaching and difficult as any our industry has faced in recent memory. We're ready to help our customers face the challenge -- that's our future."
ArvinMeritor analysts indicate that, by 2010, the global market for commercial vehicle diesel emission systems will approach $3 billion a year.
"This is a huge business opportunity for ArvinMeritor," Gosnell continued. "Our axle and brake operations have always been the cornerstones of our commercial vehicle business. But now, our customers need help meeting upcoming emission regulations. We're already the leading global supplier of emission control systems to the light vehicle industry. With resources and talent to address emissions management challenges in technical centers in Troy, Mich.; Columbus, Ind.; Warton, England; and Augsburg, Germany, we have what it takes to deliver what the commercial vehicle market needs. We started this migration more than 18 months ago, and have made tremendous progress in that time in marrying that our light vehicle emissions expertise to our unparalleled truck and bus knowledge.
"We have already pioneered exhaust and emission control technologies that are unique not only in the way they work, but also in the undeniable benefits they give the customer," said Gosnell. "For example, our active regeneration technology for both PM and NOx traps provides the intelligence to identify when regeneration is needed, and then triggers it in a reliable and safe way.
"Our ability to produce hydrogen from diesel fuel onboard and on demand, using the Plasma Fuel Reformer, is another example," added Gosnell. "This hydrogen is an excellent regenerator of NOx traps -- significantly more efficient than any competing technology. I believe that the Plasma Fuel Reformer is a market changer. The beauty of this technology, however, is that it has other possible applications, especially in improving the performance of light vehicles. You're going to be hearing a great deal more about this technology. And most of it will be from ArvinMeritor."
The company has already been awarded significant business and has developmental agreements for diesel emission control with a number of heavy- duty vehicle and engine OEMs. These accomplishments demonstrate that the company is well positioned to become the leading global supplier of emission control systems for the commercial vehicle industry. They include:
* Supplying NOx control equipment to two major European heavy-duty truck OEMs for 2005
* Supplying PM filter systems to a major European light-duty truck OEM for 2005, as well as to a U.S. heavy-duty truck OEM for 2007
* Significant supply contracts in the retrofit, specialty and engine markets
* Development agreements with six major vehicle and engine OEMs for future emissions technologies
Development of the Plasma Fuel Reformer is partially funded by the State of Indiana 21st Century Research and Development Fund.
ArvinMeritor, Inc. is a premier $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, Mich., 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: http://www.arvinmeritor.com/ .