TROY, MI. — Meritor said it plans to invest approximately $1.4 million in its facility in Plainfield, IN, while closing its Mississauga, ON plant and consolidating its North American remanufacturing operations.

The company expects to transfer production operations from its Mississauga remanufacturing plant by March 31, 2013, as well as moving its Canadian customer service and support for Mascot parts to its facility in Brampton, ON.

While the move will create approximately 82 new jobs during 2012 and 2013 in Indiana, Meritor said it will cost 120 jobs in Mississauga.

“We are taking these actions to improve efficiencies while continuing to serve and support our Canadian customers through our facilities in Brampton; Edmonton, AB; Moncton, NB; and Boucherville, QC,” said Doug Wolma, general manager, Global Aftermarket Operations.

Meritor invested $2.7 million earlier this year in new equipment for the Plainfield plant, which remanufactures commercial truck components.

The company’s global remanufacturing operations currently include eight sites in five countries, producing drivetrain and wheel-end components.

More than 40,000 tons of cores, or original components, are processed at Meritor remanufacturing facilities annually.