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.
