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 inc
Jan. 1, 2020

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.

Subscribe to our Newsletters

Latest in Finance

Jolly Sienda Photography
Paint Booths
Is it wise to buy something outright simply because you have the cash on hand?
Jan. 13, 2025
Adobe Stock 424199174
Business Valuation
It's not easy to look at a collision shop for sale and get an accurate idea of what the business is worth.
Oct. 30, 2024
Adobe Stock 377346711
Business deal
The private equity sponsors in the collision repair industry today manage more than $400 billion in managed assets.
June 13, 2024