Tenneco Inc. recently announced that will supply the full exhaust system for the new 2008 Toyota Sequoia. This partnership will expand the company's North American business interests and build on its long-term strategic objective of cultivating a good supplier relationship with Toyota Motor Engineering & Manufacturing North America, Inc. "Being selected to supply emission control systems on this program reflects our progress in achieving the company's objective," says Gregg Sherrill, Tenneco chairman and CEO. "We continue to develop business with Toyota through strong operational performance, by providing advanced technologies, and through our ability to serve them on a global basis." The Sequoia is already in production. Manufacturing for the Sequoia is taking place at Tenneco's U.S. facilities in Smithville, Tenn., and Evansville, Ind. "This platform exemplifies Tenneco's global engineering capabilities with development work being done at the company's engineering centers in Grass Lake, Mich., Yokohama, Japan, and with our alliance partner, Futaba," Sherrill adds. "This business also showcases Tenneco's effective use of advanced process technology by utilizing laser welding to reduce product mass and increase manufacturing flexibility." Tenneco recently announced that the company won $200 million in new business with five Japanese vehicle manufacturers in 2007. The $200 million in new business includes the Sequoia business announced today. The Sequoia platform is also included in Tenneco's projection earlier this year that it will achieve an average compounded annual OE revenue growth rate of 11 percent to 13 percent between 2008 and 2012. For more information about Tenneco, visit the company's Web site. |
