Tenneco Inc. (ticker: TEN, exchange: New York Stock Exchange) News Release
March 23, 2016
TENNECO RECEIVES SUPPLIER AWARD FROM TOYOTA
Company’s Clean Air Team Recognized for Excellence in Supplier Diversity for Second Consecutive Year
LAKE FOREST, ILL. (March 22, 2016) – Tenneco Inc. (NYSE:TEN), a supplier of clean air and ride performance products, was recognized with an Excellence in Supplier Diversity award from Toyota Motor Engineering & Manufacturing North America, Inc. (TEMA) at its Annual Supplier Business Meeting (ABM) on March 15. Held at the Northern Kentucky Convention Center in Covington, ABM brings together approximately 850 supplier representatives from across North America.
“We’re honored to be recognized by Toyota for the second consecutive year for excellence in supplier diversity,” said Mike Seurynck, Tenneco vice president and general manager, North America Clean Air. “A diverse supply chain is a key commitment that we have set forth as a company and it not only supports our growth but strengthens our relationships with important OEM customers like Toyota. ”
Currently celebrating 20 years, ABM allows TEMA to discuss business objectives with direct and indirect suppliers in preparation for its upcoming fiscal year. Each year, TEMA recognizes suppliers who exceeded the company’s expectations in several categories.
"Toyota collaborates with each of our supplier partners in order to build vehicles with the high quality, safety, and reliability standards that our customers expect,” said Robert Young, Group Vice President, TEMA Purchasing, Supplier Engineering Development, and Cost Planning. “This event highlights our supplier partners’ commitment to continuous improvement and collaboration to build ‘ever better cars’ in North America. We are pleased to recognize those in our supply base who exceed our high performance targets and thank them and their team members for their tremendous support and partnership.”
In the U.S. alone, there are about 60,000 supplier jobs dedicated to Toyota across more than 30 states. In addition, Toyota collectively spent over $32 billion on parts, goods and services last year in North America.
Tenneco is an $8.2 billion global manufacturing company with headquarters in Lake Forest, Illinois and approximately 30,000 employees worldwide. Tenneco is one of the world’s largest designers, manufacturers and marketers of clean air and ride performance products and systems for automotive, commercial truck and off-highway original equipment markets and the aftermarket. Tenneco’s principal brand names are Monroe®, Walker®, XNOx® and Clevite®Elastomer.
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Media Relations - North America