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Corporate Social Responsibility
News
4.22.2008 - 07:12pm ET
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CSR News from:
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ArvinMeritor, Inc.
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News Categories: |
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At ArvinMeritor There's More Than One Way to Go Green
Programs Focus on Waste Management and Product Design to Improve the Environment
(CSRwire) TROY, Mich., Apr. 22 /PRNewswire-FirstCall/ -- ArvinMeritor, Inc.
(NYSE: ARM) is reducing the generation of pollutants worldwide, designing
products that weigh less and provide greater fuel economy, and partnering
to develop hybrid and electric vehicles -- all focused on improving the
environment.
In an effort to minimize adverse environmental impacts from ArvinMeritor's
manufacturing operations, the company recycled 72 percent of the solid
waste it generated globally in 2007 -- which equals approximately 187,684
metric tons of scrap metal, cardboard and used oils.
ArvinMeritor is also manufacturing "greener" products. Passenger vehicle
products called smart systems(TM) will reduce the weight of the vehicle.
The first smart systems(TM) product to appear on the market is the
Highly-Integrated Plastic (HIP) door module, which will replace the steel
door module and reduce weight by 25 percent -- in addition to improving
fuel economy.
In partnership agreements with commercial vehicle customers, ArvinMeritor
has developed a package that will reduce the weight of a vehicle by as
much as 700 pounds. Weight-reduction products include the aluminum carrier
rear axle, Meritor Lite Flex trailer composite spring, the Meritor X30
lightweight steel drums and the Meritor Tire Inflation System, which
supports super-single tires. This product package is expected to improve
fuel consumption.
ArvinMeritor is also involved in a joint project to build a Class 8 hybrid
vehicle with International Truck and Cummins for Wal-Mart Transportation.
The vehicle is expected to be on the road for testing by the end of the
year. Another ArvinMeritor partnership has already helped develop Canada's
first electric vehicle -- the Purolator Quicksider. The vehicle produces
zero greenhouse gas emissions.
About ArvinMeritor
ArvinMeritor, Inc. is a premier global supplier of a broad range of
integrated systems, modules and components to the motor vehicle industry.
The company serves commercial truck, trailer and specialty original
equipment manufacturers and certain aftermarkets, and light vehicle
manufacturers. Headquartered in Troy, Mich., ArvinMeritor employs
approximately 18,000 people in 24 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: http://www.arvinmeritor.com/.
Forward-Looking Statements
This press release contains statements relating to future results of the
company (including certain projections and business trends) that are
"forward-looking statements" as defined in the Private Securities
Litigation Reform Act of 1995. Forward-looking statements are typically
identified by words or phrases such as "believe," "expect," "anticipate,"
"estimate," "should," "are likely to be," "will" and similar expressions.
Actual results may differ materially from those projected as a result of
certain risks and uncertainties, including but not limited to global
economic and market cycles and conditions; the demand for commercial,
specialty and light vehicles for which the company supplies products;
availability and sharply rising cost of raw materials, including steel and
oil; risks inherent in operating abroad (including foreign currency
exchange rates and potential disruption of production and supply due to
terrorist attacks or acts of aggression); OEM program delays; demand for
and market acceptance of new and existing products; successful development
of new products; reliance on major OEM customers; labor relations of the
company, its suppliers and customers, including potential disruptions in
supply of parts to our facilities or demand for our products due to work
stoppages; the financial condition of the company's suppliers and
customers, including potential bankruptcies; possible adverse effects of
any future suspension of normal trade credit terms by our suppliers;
potential difficulties competing with companies that have avoided their
existing contracts in bankruptcy and reorganization proceedings;
successful integration of acquired or merged businesses; the ability to
achieve the expected annual savings and synergies from past and future
business combinations and the ability to achieve the expected benefits of
restructuring actions; success and timing of potential divestitures;
potential impairment of long-lived assets, including goodwill; potential
adjustment of the value of deferred tax assets; competitive product and
pricing pressures; the amount of the company's debt; the ability of the
company to continue to comply with covenants in its financing agreements;
the ability of the company to access capital markets; credit ratings of
the company's debt; the outcome of existing and any future legal
proceedings, including any litigation with respect to environmental or
asbestos-related matters; the outcome of actual and potential product
liability and warranty and recall claims; rising costs of pension and
other post-retirement benefits and possible changes in pension and other
accounting rules; as well as other risks and uncertainties, including but
not limited to those detailed herein and from time to time in other
filings of the company with the SEC. These forward-looking statements are
made only as of the date hereof, and the company undertakes no obligation
to update or revise the forward-looking statements, whether as a result of
new information, future events or otherwise, except as otherwise required
by law.
(Logo: http://www.newscom.com/cgi-bin/prnh/20010524/ARVINLOGO)
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