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Web Address of ArvinMeritor: Related Topics: Supplier Groups
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. Companies : ArvinMeritor
ArvinMeritor serves a broad range of original equipment manufacturer (""OEM'') customers worldwide, including truck OEMs, light vehicle OEMs, trailer producers and specialty vehicle manufacturers, and certain aftermarkets. Total sales from continuing operations in fiscal year 2004 were $8.0 billion. Ten largest customers accounted for approximately 74% of fiscal year 2004 sales from continuing operations. ArvinMeritor operated 124 manufacturing facilities in 25 countries around the world in fiscal year 2004, including facilities operated by discontinued operations and joint ventures in which ArvinMeritor has interests. Sales from continuing operations outside the United States accounted for approximately 62% of total sales from continuing operations in fiscal year 2004. ArvinMeritor continuing operations also participated in ten joint ventures that generated unconsolidated revenues of $1.1 billion in fiscal year 2004. ArvinMeritor Announces Sale of Off-Highway Brake Assets Oct. 6, 2005 -- ArvinMeritor, Inc. (NYSE: ARM) announced the sale of the assets of its off-highway brake business to Carlisle Braking Products, owned by Carlisle Companies Incorporated of Charlotte, N.C., U.S. The purchase price of the transaction is approximately $39 million. The transaction will include the sale of equipment and assets from manufacturing facilities in York, S.C., U.S. and Cwmbran, South Wales, U.K. The company sold its off-highway axle business to AxleTech International of Troy, Mich., in December 2002. Carlisle is a diversified global manufacturing company serving the construction materials, commercial roofing, specialty tire and wheel, power transmission, heavy-duty brake and friction, foodservice, data transmission, and process systems industries. ArvinMeritor Reports Fiscal Year 2005 First-Quarter Results TROY, Mich., Jan. 31, 2005 — ArvinMeritor, Inc. (NYSE: ARM) today reported financial results for its first fiscal quarter, ended Dec. 31, 2004.
“While many aspects of our business are performing well, our financial results continue to be affected by a number of challenging industry-wide issues – led by the escalating cost of steel and other raw materials,” said Chairman, Chief Executive and President Charles G. “Chip” McClure. “Although these issues are challenging, we are actively seeking ways to address them and mitigate their impact on our business.” Meritor® Tire Inflation System by PSI Reports Record 2004 Sales – Protects More Than 1.5 Million Truck Tires Against Under-Inflation TROY, Mich. (March 8, 2005) — Pressure Systems International, Inc. (PSI), manufacturer of the Meritor® Tire Inflation System by PSI, reported that fiscal year 2004 sales of its premier tire inflation system for the heavy-duty trucking industry broke all previous sales records, according to Frank Sonzala, executive vice president for PSI, and Jim Sharkey, business unit director, Trailer Systems, ArvinMeritor. Since 1999, Pressure Systems International, Inc., the world leader in Automatic Tire Inflation Systems, has distributed its product to trailer manufacturers and aftermarket suppliers in 22 countries through an exclusive distribution agreement with ArvinMeritor.
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