Tenneco Inc. (ticker: TEN, exchange: New York Stock Exchange) News Release
February 8, 2016
TENNECO SUPPLIES FULL EMISSION CONTROL SYSTEM FOR THE ALL-NEW 2016 LEXUS RX LUXURY CROSSOVER PLATFORM
Lake Forest, Illinois, February 8, 2016 - Tenneco (NYSE: TEN), a global supplier of clean air and ride performance products and systems, is supplying the emission control system on the all-new 2016 Lexus RX luxury crossover platform, currently in production. The company is supplying both hot- and cold-end components, including the front pipe assembly, Y-pipe, underbody converter, muffler and tailpipe assemblies.
"We’re pleased to partner with Lexus on the successful launch of their next-generation RX platform,” said Mike Seurynck, Tenneco vice president and general manager, North America Clean Air. “Our clean air system showcases Tenneco’s advanced process technology including laser-welded mufflers which help to reduce weight and enable improved vehicle packaging.”
Product engineering and development was conducted by Tenneco working closely with Toyota engineering locally in Japan. Tenneco produces the emission control system at its manufacturing facility in Cambridge, Ontario, with final vehicle assembly at Lexus’ assembly plant, also located in Cambridge.
Tenneco’s Clean Air products help customers meet increasingly stringent emissions control regulations throughout the world with aftertreatment technologies for gasoline and diesel engines including manifolds, catalytic converters, selective catalytic reduction, advanced mixing technologies, particulate filters and complete hot and cold-end exhaust systems.
Tenneco is an $8.4 billion global manufacturing company with headquarters in Lake Forest, Illinois and approximately 29,000 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 and commercial vehicle original equipment markets and the aftermarket. Tenneco’s principal brand names are Monroe®, Walker®, XNOx™ and Clevite®Elastomer.
This press release contains forward-looking statements. Words such as “anticipate,” “expects,” "will", "continue" and similar expressions identify forward-looking statements. These forward-looking statements are based on the current expectations of the company (including its subsidiaries). Because these forward-looking statements involve risks and uncertainties, the company's plans, actions and actual results could differ materially. Among the factors that could cause these plans, actions and results to differ materially from current expectations are: (i) changes in automotive or commercial vehicle manufacturers' production rates and their actual and forecasted requirements for the company's products, including the company's resultant inability to realize the sales represented by its awarded book of business; (ii) any change in customer demand due to delays in the adoption or enforcement of worldwide emissions regulations or any other changes in consumer demand and prices, including decreases in demand for automobiles or commercial vehicles which include the company's products, and the potential negative impact on the company's revenues and margins from such products; (iii) the general political, economic and competitive conditions in markets where the company and its subsidiaries operate; (iv) workforce factors such as strikes or labor interruptions; (v) material substitutions and increases in the costs of raw materials; and (vi) the company's ability to develop and profitably commercialize new products and technologies, and the acceptance of such new products and technologies by the company's customers. The company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release. Additional information regarding risk factors and uncertainties is detailed from time to time in the company's SEC filings, including but not limited to its report on Form 10-K for the year ended December 31, 2014.