Meritor Announces $1.4 Million Investment in Plainfield, Indiana Remanufacturing Facility
Meritor, Inc. (NYSE: MTOR) announced that it plans to consolidate its North American remanufacturing operations and create a center of excellence in Plainfield, Ind. The company expects to transfer production operations from its remanufacturing plant in Mississauga, Ontario Canada by March 31, 2013. At the same time, it plans to move Canadian customer service and support to its Brampton, Ontario facility.
As a result of these actions, Meritor plans to invest approximately $1.4 million in its Plainfield facility while creating approximately 82 new jobs during 2012 and 2013. The company has already invested more than $8 million in process upgrades to its global operations in the past five years, including $2.7 million earlier this year in new equipment for its Plainfield plant which remanufactures commercial truck components while preserving raw materials.
"We believe this investment will help us improve efficiency while better serving our customers in today's competitive landscape," said Doug Wolma, general manager, Global Aftermarket Operations. "At the same time, this move will strengthen our global remanufacturing footprint."
Meritor's global remanufacturing operations currently include eight sites in five countries producing a substantial portfolio of drivetrain and wheel-end components. More than 30,000 tons of metal are recycled annually in Meritor's remanufacturing operations worldwide, and the company recycles 90 percent of all waste from its operations. More than 40,000 tons of cores, or original components, are processed at Meritor remanufacturing facilities annually.
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 approximately 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 web site at meritor.com.