ArvinMeritor Forms Korean Emissions Venture
Posted on August 29, 2005ArvinMeritor, Inc. has announced the formation of a 50-50 joint venture between its Light Vehicle Systems (LVS) business group and DongWon Precision Industrial Co., Ltd., Asan-si, Chungnam, Korea. The joint venture, named AD Tech Co., Ltd., will initially supply diesel particulate filters to light vehicle manufacturers in Korea. It will also produce related exhaust system components.
DongWon posted $62 million in sales during fiscal year 2004. Mufflers are the main item produced by DongWon. In 2003, the company established an R&D center for exhaust system research and development.