Tenneco Wins New Emission Control Business With Ford Motor Company
Tenneco Inc. (NYSE: TEN) today announced that the Ford Motor Company awarded Tenneco new hot-end emission control business on vehicles launching in model-year 2009 and 2010.
“We are extremely pleased to be selected by Ford for this significant new emissions control business,” said Gregg Sherrill, Tenneco Chairman and CEO. “We continue to generate growth by investing in technology and enhancing our engineering capabilities to provide just what our customers need to meet current and future emissions requirements.”
Tenneco will supply components (including catalytic converters) that make up the “hot end” of the exhaust system for the Ford F-150 light-duty truck (introduced at this year’s North American International Auto Show), Ford Expedition, Lincoln Navigator and the Ford Econoline vehicles. Tenneco currently supplies the “cold end” (mufflers and tailpipes) of the exhaust system for the Ford F-150, Ford Expedition and Lincoln Navigator, now making it a full-system supplier for those platforms. Tenneco was also awarded additional emission control content on the gasoline version of the F250/F350 Super-Duty in addition to what it already supplies on both the gasoline and diesel versions of the vehicles that launched in 2006.
For 2010 model-year, Tenneco will supply emission control components for some of Ford’s mid and upper mid-size passenger vehicle lines. This represents growth in the car segment with Ford Motor Company and supports Tenneco’s global strategy to increase passenger car business.
Tenneco referenced this new business in its third quarter 2007 earnings release last October, but was unable to name the customer at that time.
Tenneco’s Elkhart, Ind., Seward Neb., Cambridge, Ont., Ligonier, Ind., Marshall, MI. and Kansas City, MO. facilities will be involved in manufacturing components or final assembly. When fully launched, Tenneco estimates all these programs together will represent approximately a 2.5% increase in its value-added revenues compared to its 2007 value-added sales.
Tenneco is a strategic supplier to Ford as a member of the company’s Aligned Business Framework supplier group.
Tenneco’s global emissions operations include 48 emission control manufacturing facilities and four global engineering centers devoted to emission control engineering and advanced technology. The company’s engineering capabilities and broad range of emission control products and systems help vehicle manufacturers address increasingly stringent emissions and noise regulations, the drive for better fuel efficiency and the emission control demands of diesel and other alternative fuel and hybrid vehicles.
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