ArvinMeritor announced the formation of a 50-50 joint venture between its Light Vehicle Systems (LVS) business group and DongWon Precision Industrial Co.
The joint venture, named AD Tech Co., Ltd., will initially supply diesel particulate filters to light vehicle manufacturers in Korea facing increasingly stringent emissions reduction legislation. The Korean government has proposed that Euro 4 emission standards apply to light-duty diesel vehicles effective January 2006. (Earlier post.)
It will also produce related exhaust system components.
DongWon mainly produces mufflers, which it supplies for all GM Daewoo vehicle models. More recently, DongWon has expanded its business into China and Vietnam.