On November 22, 2010, ArvinMeritor announced that its Xuzhou-based non-road business joint venture company Xuzhou Meritor Axle Co., Ltd. plans to invest an additional 17.3 million US dollars. The investment will enable Xuzhou Meichi to fully expand and upgrade its manufacturing and technology research and development capabilities. At the same time, it will add a 26,000-square-meter factory building on the basis of its original production area of ​​37,000 square meters. In early 2010, Xuzhou Meichi announced that it had invested 10 million US dollars to increase its production capacity. The company’s investment in China’s non-road business in fiscal 2010 totaled US$27.3 million. Silicone Building Blocks,Silicone Building Toys Building Blocks,Building Blocks Toys,Silicone Children Stacking Blocks Box Hubei Daxin Electronic Technology Co., LTD , https://www.aiwellgroup.com
This major investment fully embodies the strategic deployment of ArvinMeritor’s comprehensive expansion of the global off-highway vehicle business. Through this investment, it will continue to strengthen the manufacturing and technology research and development capabilities of ArvinMeritor’s off-road vehicle business to meet the constant demand in China. Demand for a strong customer base, while further expanding the industry leading position.
With rich experience in designing and manufacturing heavy-duty axles for customers in the commercial vehicle sector and strong manufacturing capabilities for off-highway vehicle products in China, ArvinMeritor will continue to invest to prepare for the tremendous development opportunities in the future Chinese market. .