21st
July 2010 - ArvinMeritor
Announces Planned Investment to Expand Engineering Capabilities at
Technical Center in Troy, Michigan
ArvinMeritor has announced
its intention to invest $23 million over the next five years to expand
its advanced technologies capabilities at its technical center in Troy,
Mich. This project is expected to create 125 jobs at the company by
2014.
"ArvinMeritor is
investing in a spectrum of advanced technologies
that are focused on fuel efficiency, next
generation brake technology, suspensions and
vehicle dynamics capabilities," said Carsten
Reinhardt, chief operating officer, ArvinMeritor.
The Troy, Mich.
technical center is part of the company's global
engineering network that also includes technical
centers in Cameri, Italy; Cwmbran, U.K.;
Bangalore, India; Shanghai, China; Monterrey,
Mexico and Osasco, Brazil.
ArvinMeritor
applied for and received a MEGA grant (Michigan
Economic Growth Authority) through the MEDC
(Michigan Economic Development Corp.) valued at
$2.2 million. The City of Troy has proposed
support for the project through consideration of
PA 198 personal property and facility
rehabilitation exemptions. In addition, Oakland
County has offered support valued at up to $1.6
million with training grants available through
its workforce development program.
About
ArvinMeritor
ArvinMeritor,
Inc. is a premier global supplier of a broad
range of integrated systems, modules and
components to original equipment manufacturers
and the aftermarket for the transportation and
industrial sectors. The company serves
commercial truck, trailer and specialty original
equipment manufacturers and certain aftermarkets,
and light vehicle manufacturers. ArvinMeritor
marked its centennial anniversary in 2009,
celebrating a long history of 'forward
thinking.' ArvinMeritor common stock is traded
on the New York Stock Exchange under the ticker
symbol ARM.
Source:
ArvinMeritor Press Release