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Meridian Announces Plans to Install Sheet Molding Compounding Capabilities in Mexico

February 4, 2009

ALLEN PARK, Mich., Feb. 4 /PRNewswire/ — Meridian Automotive Systems, Inc.
(“Meridian”) today announced that it plans to install sheet molding
compounding (“SMC”) capabilities in Mexico. Meridian’s recently constructed
facility in Saltillo, Coahuila, Mexico, will house the Company’s SMC
production for Mexico. At peak production, the Saltillo facility will be
capable of producing approximately 75 million pounds of SMC annually which
will enable Meridian to sell world-class engineered formulations of SMC sheet
to other Mexican-based molders within the growing thermoset composites
industry.

Meridian recently hired SMC industry veteran David Hearn to lead the
project initiative. Hearn’s career spans over 30 years serving in several key
technical and senior leadership roles with Ashland Chemical Company and Core
Molding Technologies. Richard E. Newsted, Meridian’s President and CEO, said,
“Our investment in SMC production capability is another leading step to
support the growing need for mass reduction in our customers’ products and
will provide a domestic source of high quality SMC for our heavy truck,
consumer and industrial products and OEM customers located in Mexico. This
facility will complement our existing SMC capacity located at our world-class
facility in Grabill, Indiana.”

About Meridian Automotive Systems, Inc.

Meridian is a leading supplier of technologically advanced front and rear
end modules, exterior thermoplastics and composites and lighting systems to
automobile and truck manufacturers and to the consumer and industrial products
market. Meridian operates 20 facilities in the United States, Canada, Mexico
and Brazil. For more information visit www.meridianautosystems.com.

This news release contains forward-looking statements based on current
assumptions and forecasts made by the company’s management. Various known and
unknown risks, uncertainties and other factors could lead to material
differences between the actual future consolidated results, financial
situation, development or performance of the company, and the estimates given
here. The company assumes no liability to update such forward-looking
statements or to adapt to future events or development.

SOURCE Meridian Automotive Systems, Inc.


Source: newswire



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