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Automotive Industry

ArvinMeritor receives grant from the Welsh Assembly

Automotive Industries, July, 2004

ArvinMeritor Inc. has received a Regional Selective Assistance grant from the Welsh Assembly Government. The award is for up to 1.75 million [pounds sterling], and is intended to facilitate improvements to ArvinMeritor's Commercial Vehicle Systems facility in Cwmbran. The grant--to be paid in installments over at least two years--is contingent on a number of factors. They include requiring ArvinMeritor to upgrade its existing, 750,000-sq.ft. Heavy-Vehicle Braking Systems manufacturing facility, and adapt it to accommodate additional air brake assembly capability.

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The award will play a role in growing the Cwmbran facility's manufacturing capacity, as it launches production of a contract with the Volvo Group to supply next-generation air disc brakes for both Renault and Volvo heavy trucks. That four-year contract, which began this year, is valued at more than $250 million.

Automotive Industry

ArvinMeritor receives grant from the Welsh Assembly

Automotive Industries, July, 2004

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