Arvin and Kayaba expand global ride control partnership.COLUMBUS, Ind.--(BUSINESS WIRE)--April 15, 1996--Arvin Industries Inc. (NYSE NYSE See: New York Stock Exchange :ARV ARV abbr. Bible American Revised Version ARV n abbr (= American Revised Version) → traducción americana de la Biblia ARV n abbr (= ), announced a significant expansion of its existing partnership agreement with Kayaba Industry Co. Ltd. of Japan. The new agreement will make the Arvin and Kayaba venture the leading supplier of ride control products to automotive manufacturers around the world. Kayaba Industry Co. Ltd. is Japan's largest manufacturer of shock absorbers Shock absorbers See: Circuit breakers and struts, as well as a variety of hydraulic equipment. Kayaba has six overseas manufacturing facilities in Asia, Europe and the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , and markets its products worldwide under the KYB KYB Know Your Business KYB Keyboard Mapping brand. Arvin and Kayaba are currently partners in APA/KYB, a leading European ride control company headquartered in Pamplona, Spain, with sales and engineering offices in Paris, Hanover and London. Under the new agreement, the two companies will combine their existing North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. sales and engineering organizations at Rochester Hills, Mich., to provide "world-class" technology and customer service to all North American car producers. Kayaba will provide technical assistance to Arvin's North American light vehicle ride control facility in Pulaski, Tenn. The Arvin and Kayaba partnership already has been successful in supplying ride control products for new models of American and Japanese automobiles. Other major business opportunities are currently being pursued under the new partnership agreement. In addition to serving markets in Europe, Japan and North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Arvin and Kayaba have committed to full cooperation in all other global automotive markets, including the top 15 developing countries for automobile production. The companies also are evaluating the benefits of combining their U.S. manufacturing operations at Kayaba's Franklin, Ind., and Arvin's Pulaski facilities. Arvin Industries Inc. is a global manufacturer of automotive components with 50 manufacturing facilities and eight technical centers located in 16 countries. CONTACT: Arvin Industries Inc., Columbus John Brown, 812/379-3389 |
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