TROY, Mich., Sept. 13, 2012 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) announced that its Plainfield, Ind. facility, which remanufactures commercial truck components, has been named a finalist for IndustryWeek's 2012 IW Best Plants award.
The Plainfield, Ind. location was one of 17 plants to make it to the final round of competition. The finalists were selected based on strong manufacturing performances as well as a comprehensive focus on continuous improvement.
" IndustryWeek's Best Plants competition annually recognizes North American manufacturing excellence," said Jill Jusko, senior editor, IndustryWeek. "The manufacturing facilities selected as 2012 finalists show progress on that journey, and we applaud their drive to excel."
Meritor recently invested $2.7 million in new equipment at the plant. The company has invested more than $8 million in process upgrades during the last five years in its global remanufacturing operations. 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 operations. More than 40,000 tons of cores, or original components, are processed at Meritor remanufacturing facilities annually."It is a tremendous honor to have a Meritor remanufacturing facility considered one of the leading plants in North America," said Joe Mejaly, president, Aftermarket and Trailer, Meritor. "This kind of recognition is a direct reflection of our employees who continually strive for excellence in everything they do." IndustryWeek will name the winners in its January 2013 edition. 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. (Logo: http://photos.prnewswire.com/prnh/20110330/DE73783LOGO ) SOURCE Meritor, Inc.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
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
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts