Meritor Awarded Funding to Reduce Energy Consumption
TROY, Mich., June 28, 2012 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR), a leading global supplier of drivetrain, mobility, braking and aftermarket solutions for commercial vehicle and industrial markets, today announced that its facility in Heath, Ohio, has been awarded two grants totaling $200,000 for installing environmentally friendly lighting in the plant.
The company received an American Recovery and Reinvestment Act Grant for $128,000 from the Ohio Department of Development's Office of Energy, through participation in the Energy Efficiency Program for Manufacturers. The grant, which was initiated in February 2011, is a 50-percent cost match for 1,200 new energy-efficient lighting fixtures at the plant.
Additionally, Meritor earned a $72,000 grant from American Electric Power (AEP) Ohio through its energy saving rebate program reflecting annual electricity savings of 1,522,000 kilowatt hours resulting from the installation of 2,383 high efficiency lighting fixtures during a 36-month period.
"At Meritor, we consider sustainability an economic, social and environmental requirement for success," said Richard Hanlon, vice president, Environmental Health, Safety and Facility Services. "Our efforts focus on social responsibility, innovative product and process design and operational excellence in safety and environmental protection. Meritor has established long-term sustainability goals that include reductions in greenhouse gas emissions and energy consumption. The collaboration between our Heath facility and federal, state and local officials is an excellent example of this commitment."
Meritor's Heath, Ohio, facility is a leading supplier of axles serving the municipal coach, bus and specialty axle markets.
"Meritor's lighting upgrade is a great example of how Ohio's manufacturing facilities can utilize the Energy Efficiency Program for Manufacturers to reduce energy usage and improve efficiency," said Chad Smith, deputy chief of the Office of Energy at the Ohio Department of Development. "We believe that energy efficiency among manufacturers allows Ohio to maximize its resources, and in the long-term create an environment for job creation as well as cost effective energy resources for Ohio businesses, communities and residents."
"We appreciate the hard work from all of the employees involved in this project," said Mike Deep, site manager for the Heath facility. "Everyone wins through sustainable practices such as reducing energy consumption. The facility benefits from the significant savings achieved while simultaneously reducing the environmental impact."
About Meritor, Inc.
Meritor, Inc. is a leading global supplier of drivetrain, mobility, braking and aftermarket solutions for commercial vehicle and industrial markets. With more than a 100-year legacy of providing innovative products that offer superior performance, efficiency and reliability, the company serves commercial truck, trailer, off-highway, defense, specialty and aftermarket customers in more than 70 countries. Meritor is based in Troy, Mich., United States, and is made up of more than 10,000 diverse employees who apply their knowledge and skills in manufacturing facilities, engineering centers, joint ventures, distribution centers and global offices in 19 countries. Common stock is traded on the New York Stock Exchange under the ticker symbol MTOR. For important information, visit the company's website at meritor.com.
SOURCE Meritor, Inc.
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