Meritor Announces Additional $16M Investment in European Brakes Operations
Meritor (NYSE: MTOR) today announced an incremental investment of $16 million in its European brake operations. This builds on a $42 million investment the company announced at the 2010 Hannover IAA Commercial Vehicle show to solidify its position as a global on-highway brake leader.
"We are continuing to strengthen our global brake business," said Joe Plomin, vice president, Global Brakes, Meritor. "Our Cwmbran, U.K., site is our global center of excellence for disc brakes. With the expected growth around the world for disc brake technology, we are increasing our investment to ensure we can meet the needs of our customers."
The complete investment plan focuses on the following initiatives:
Advanced product technology combining reduced weight, higher output and broader application coverage
More in-depth product test and validation capabilities
Facility modernization creating a operating environment to ensure market-leading cost, quality and safety
Larger customer support and manufacturing teams
The initial investment led to the expansion of the successful ELSA air disc brake and S-Cam product lines, and the development of future braking technologies. At this year's IAA Commercial Vehicle show, Meritor announced the latest developments to the ELSA family of air disc brakes that demonstrated features