TROY, Mich., Aug. 19 /PRNewswire/ -- ArvinMeritor, Inc. (NYSE: ARM)
announced today it received the 2008 'Corporate ONE' Award from the
Michigan Minority Business Development Council (MMBDC) for its supplier
diversity program which drives procurement opportunities with minority
business owners. This is the second consecutive year ArvinMeritor has
received this award.
"When it comes to supplier diversity, ArvinMeritor has set aggressive
targets for on-going investments with minority suppliers. While we're
making good progress we still have room for improvement," said Vernon
Baker, senior vice president and general counsel, who oversees
ArvinMeritor's supplier diversity program. "To reach our goals we have made
a commitment toward creating a pipeline of opportunity for our minority
supply base."
During 2007, ArvinMeritor spent $95.3 million with minority suppliers,
including new contracts totaling $34 million in which minority suppliers
provided office supplies, professional staffing, logistics and auditing
services, as well as Maintenance, Repair and Operating (MRO) management and
products.
Criteria for the 'Corporate ONE' award includes having an established
minority/diversity supplier development program, reporting minority
purchases on a quarterly basis and membership to the MMBDC's Project ONE,
which is an initiative to aid minority businesses in becoming competitive
bidders for corporate contracts. Other corporations that are active members
of Project ONE include Ford Motor Company, Blue Cross/Blue Shield of
Michigan and Bank of America Corporation, among others.
About ArvinMeritor
ArvinMeritor, Inc. is a premier global supplier of a broad range of
integrated systems, modules and components to the motor vehicle industry.
The company serves commercial truck, trailer and specialty original
equipment manufacturers and certain aftermarkets, and light vehicle
manufacturers. Headquartered in Troy, Mich., ArvinMeritor employs
approximately 18,000 people in 24 countries. ArvinMeritor common stock is
traded on the New York Stock Exchange under the ticker symbol ARM. For more
information, visit the company's Web site at: http://www.arvinmeritor.com/
.
(Logo: http://www.newscom.com/cgi-bin/prnh/20010524/ARVINLOGO )
SOURCE ArvinMeritor, Inc.
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Related links:
http://www.arvinmeritor.com
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CONTACT:
Media Inquiries, Lin Cummins,
+1-248-435-7112, linda.cummins@arvinmeritor.com, or Investor
Inquiries, Terry Huch, +1-248-435-9426,
terry.huch@arvinmeritor.com, both of ArvinMeritor, Inc.
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