Arvin announces joint venture for exhaust and catalytic converters in Thailand.COLUMBUS, Ind.--(BUSINESS WIRE)--June 19, 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 today that Arvin and Able Autopart Industries Company Limited have formed a new joint venture company to produce exhaust systems and catalytic converters in Southeast Asia Southeast Asia, region of Asia (1990 est. pop. 442,500,000), c.1,740,000 sq mi (4,506,600 sq km), bounded roughly by the Indian subcontinent on the west, China on the north, and the Pacific Ocean on the east. . The new company, Able-Arvin Company Limited, will be located just outside of Bangkok, Thailand. Able is an original equipment automotive supplier based in Bangkok. Able and its affiliated joint venture firms produce stampings, fuel tanks, and brake and fuel lines for local automotive assemblers. Able is also the largest designer and manufacturer of automotive assembly jigs in Southeast Asia. Able exports these products to customers and markets around the world. Major customers for Able are Ford, Honda, Toyota, Mazda, Mercedes-Benz, and Chrysler. Arvin and Able will establish Southeast Asia's first "world class" exhaust facility. The company will initially produce exhaust systems for the new Auto Alliance Thailand (AAT Alpha-1-antitrypsin (AAT) A blood component that breaks down infection-fighting enzymes such as elastase. Mentioned in: Chronic Obstructive Lung Disease ) venture between Ford and Mazda. Able-Arvin will also supply exhaust products to Chrysler Motors throughout the ASEAN ASEAN: see Association of Southeast Asian Nations. ASEAN in full Association of Southeast Asian Nations International organization established by the governments of Indonesia, Malaysia, the Philippines, Singapore, and Thailand in region. Additional target customers will be Toyota and General Motors, both of whom are current customers of Able and Arvin and are customers in the middle of significant additions to production capacity in Thailand. Able-Arvin production will begin early in 1998. The exhaust systems, some of which will be exported throughout the world on one-ton pick-ups, will be produced to Arvin's world leading quality standards. The joint venture intends to serve the future requirements of all automakers in Thailand. Arvin will provide the joint venture with its leading product technology for exhaust and emission control The selective and controlled use of electromagnetic, acoustic, or other emitters to optimize command and control capabilities while minimizing, for operations security: a. detection by enemy sensors; b. mutual interference among friendly systems; and/or c. products. Arvin President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. V. William Hunt This could refer to
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, Ind. John W. Brown, 812/379-3389 |
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