ArvinMeritor Inc. 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. This 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,” says Carsten Reinhardt, chief operating officer for ArvinMeritor.
The Troy 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 applied for and received a MEGA grant (Michigan Economic Growth Authority) 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 work force development program.