ArvinMeritor Inc. last week announced its intention to invest $23 million over the next five years to expand its advanced technologies capabilities at its technical center in Troy, Mich. The project is expected to create 125 jobs at the company by 2014.
“ArvinMeritor is investing in a spectrum of advanced technologies that are focused on fuel efficiency, next generation brake technology, suspensions and vehicle dynamics capabilities,” explained Carsten Reinhardt, chief operating officer, ArvinMeritor.
The Troy, Mich. technical center is part of the company’s global engineering network that also includes technical centers in Cameri, Italy; Cwmbran, U.K.; Bangalore, India; Shanghai, China; Monterrey, Mexico and Osasco, Brazil. ArvinMeritor is focused on improving its research, development, engineering and product design capabilities. The company spent $103 million in fiscal year 2009, $122 million in fiscal year 2008 and $116 million in fiscal year 2007 on company-sponsored research, development and engineering programs.
ArvinMeritor applied for and received a Michigan Economic Growth Authority grant through the Michigan Economic Development Corp. valued at $2.2 million. The City of Troy has proposed support for the project through consideration of PA 198 personal property and facility rehabilitation exemptions. In addition, Oakland County has offered support valued at up to $1.6 million with training grants available through its workforce development program.
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