US-based components maker ArvinMeritor and China’s Chery have formed a joint venture to design and make chassis systems and components.
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The JV, called ArvinMeritor Chassis Systems Wuhu, will, the two firms said, “evolve to a $150m full-systems chassis supplier by 2010. Production of shocks and struts will begin as early as 2008.”
“ArvinMeritor’s alliance with Chery is a great example of the company attaining strategic growth from three key focus areas; increasing business with Asian customers, expanding in emerging markets, and growing our light vehicle chassis business,” said ArvinMeritor light vehicle systems business group president Phil Martens.
“This new business, which is quickly ramping up, comes on the heels of several other new Chery contracts with ArvinMeritor for its door systems technologies. We see these contracts as the first steps of many long-term opportunities for both companies.”
ArvinMeritor Asia Pacific operations president Rakesh Sachdev said the supplier was well positioned to participate in Asia’s explosive growth through its global partnerships and manufacturing network.
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By GlobalData“The new chassis systems joint venture plant in Wuhu will be one of several China-based facilities ArvinMeritor is adding to its network over the next 18 months in support of new business with customers in the region,” he added.
