Tenneco gains $12 million in new business contracts
With the addition of 14 new customers, Tenneco Inc. has won enough new business to generate approximately $12 million in revenue annually. The company recently announced that it was stepping up its operations to accomodate the new business, which includes ride control, exhaust and brake products. "We added 14 new customers and solidified our position with a number of existing customers with these new business wins," says Joe Pomaranski, vice president, North America aftermarket. "Tenneco's continued success in the North American aftermarket reflects our commitment to providing leading technology products backed by strong customer programs and support." The initial orders for these products will generate $6 million of revenue in the second quarter 2008. Tenneco expects to record approximately a $7 million charge associated with changing over new customers in the second quarter. For more information about Tenneco, visit the company's Web site. |