TROY, Mich., Sept. 4, 2012 /PRNewswire/ -- ReMaTecNews, an international news magazine and website for remanufacturing based in Amsterdam, has named Meritor (NYSE: MTOR) the 2012 Remanufacturer of the Year.
The award recognizes an organization that has served the automotive or heavy-duty truck remanufacturing sectors with distinction in fields such as innovation, technical excellence, customer service and commitment to the promotion of the qualities of remanufacturing.
"Meritor is a global company that has set very high standards for everything it does in remanufacturing," said William Schwarck, ReMaTecNews editor-in-chief and chairman of the panel of judges. "We are proud that this year's winner is of such high caliber and advanced skills and is taking remanufacturing to a new level."
Meritor's remanufacturing operations encompass eight sites in five countries producing a substantial portfolio of drivetrain and wheel-end components. More than 30,000 tons of metal are recycled annually in Meritor's remanufacturing operations worldwide, and the company recycles 90 percent of all waste from its operations. More than 40,000 tons of cores, or original components, are processed at Meritor remanufacturing facilities annually."This award is a direct reflection of our companywide commitment to sustainability and, more important, our employees who drive for excellence in remanufacturing operations," said Doug Wolma, general manager, Global Aftermarket Operations, who accepted the award at the World Reman Summit in Bayreuth, Germany on Sept. 3. "Meritor firmly believes in the value remanufacturing brings to our company and our industry." The honor is Meritor's second remanufacturing-focused award. The company won the 2010 HDRG Heavy Duty Remanufacturer of the Year. Meritor has invested more than $8 million in process upgrades to its global operations in the last five years, including $2.7 million earlier this year in new equipment for its Plainfield, Ind. facility which remanufactures commercial truck components while preserving raw materials. About Meritor, Inc. Meritor, Inc. is a leading global supplier of drivetrain, mobility, braking and aftermarket solutions for commercial vehicle and industrial markets. With more than a 100-year legacy of providing innovative products that offer superior performance, efficiency and reliability, the company serves commercial truck, trailer, off-highway, defense, specialty and aftermarket customers in more than 70 countries. Meritor is based in Troy, Mich., United States, and is made up of approximately 10,000 diverse employees who apply their knowledge and skills in manufacturing facilities, engineering centers, joint ventures, distribution centers and global offices in 19 countries. Common stock is traded on the New York Stock Exchange under the ticker symbol MTOR. For important information, visit the company's web site at meritor.com. About ReMaTecNews ReMaTecNews, the only international news magazine and website dedicated to automotive and heavy duty remanufacturing worldwide, is an independent channel for news, views and developments within the remanufacturing industry. Published by RAI Langfords B.V., the magazine is circulated throughout Western Europe, Eastern Europe, Africa, North America, South America and Asia. (Logo: http://photos.prnewswire.com/prnh/20110330/DE73783LOGO ) SOURCE Meritor, Inc.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV