ArvinMeritor to End Kayaba Joint Venture in North America

Apr 17, 2001, 01:00 ET from ArvinMeritor, Inc.

    TROY, Mich., April 17 /PRNewswire/ -- ArvinMeritor, Inc. (NYSE:   ARM) today
 announced a mutual decision with Kayaba Industry Co. Ltd. to terminate the
 companies' North American joint venture.  In coming to the decision,
 ArvinMeritor cited an ability to better serve its customer base through
 existing facilities and other joint ventures.  The venture, formerly known as
 Arvin-Kayaba LLC, was formed in 1998.
     ArvinMeritor intends to focus efforts on its key global customers by
 supplying ride and handling technology through ArvinMeritor's joint venture
 with Kayaba in Europe, its capabilities in Troy, Mich. and Columbus, Ind., and
 a new engineering center currently being built in Detroit, according to
 ArvinMeritor Vice Chairman and President Bill Hunt.
     "The North American joint venture has provided value for our customers
 since 1998, but we have determined that an alternative approach will enable us
 to remain competitive and cost effective for the long term," Hunt said.
     "By combining the engineering capabilities of our joint venture in Europe
 with the existing suspension system engineering groups in Troy and Columbus,
 we will be able to offer the customer the high-quality technology they demand
 and deserve."
     As a result of the termination of the venture in North America, Kayaba
 will re-acquire and operate a facility in Franklin, Ind., and ArvinMeritor
 will continue and broaden its manufacturing operations in Pulaski, Tenn.
     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, including
 those for the transportation, appliance, construction and furniture
 industries.  The company is headquartered in Troy, Mich., and employs 36,000
 people at more than 150 manufacturing facilities in 26 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 .
 
 

SOURCE ArvinMeritor, Inc.
    TROY, Mich., April 17 /PRNewswire/ -- ArvinMeritor, Inc. (NYSE:   ARM) today
 announced a mutual decision with Kayaba Industry Co. Ltd. to terminate the
 companies' North American joint venture.  In coming to the decision,
 ArvinMeritor cited an ability to better serve its customer base through
 existing facilities and other joint ventures.  The venture, formerly known as
 Arvin-Kayaba LLC, was formed in 1998.
     ArvinMeritor intends to focus efforts on its key global customers by
 supplying ride and handling technology through ArvinMeritor's joint venture
 with Kayaba in Europe, its capabilities in Troy, Mich. and Columbus, Ind., and
 a new engineering center currently being built in Detroit, according to
 ArvinMeritor Vice Chairman and President Bill Hunt.
     "The North American joint venture has provided value for our customers
 since 1998, but we have determined that an alternative approach will enable us
 to remain competitive and cost effective for the long term," Hunt said.
     "By combining the engineering capabilities of our joint venture in Europe
 with the existing suspension system engineering groups in Troy and Columbus,
 we will be able to offer the customer the high-quality technology they demand
 and deserve."
     As a result of the termination of the venture in North America, Kayaba
 will re-acquire and operate a facility in Franklin, Ind., and ArvinMeritor
 will continue and broaden its manufacturing operations in Pulaski, Tenn.
     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, including
 those for the transportation, appliance, construction and furniture
 industries.  The company is headquartered in Troy, Mich., and employs 36,000
 people at more than 150 manufacturing facilities in 26 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 .
 
 SOURCE  ArvinMeritor, Inc.

RELATED LINKS

http://www.meritorauto.com