Tenneco Inc. (ticker: TEN, exchange: New York Stock Exchange)
January 16, 2018
TENNECO SUPPLIES SUSPENSION ON NEW SUZUKI SWIFT SPORT & MARUTI SUZUKI INDIA DZIRE
Lake Forest, Illinois January 16, 2018 – Tenneco Inc. (NYSE:TEN), a global supplier of Ride Performance and Clean Air products and systems is supplying Suzuki its Multi-Tuned Valve (MTV) suspension technology on the Swift Sport manufactured in Japan, as well as the Dzire compact-sedan passenger car produced in India by Maruti Suzuki India Limited. The latest generation Swift, which made its debut in September at IAA 2017 in Frankfurt, Germany, will feature front struts and rear dampers from Tenneco.
Tenneco has worked with Suzuki for over more than a decade, supplying OE front struts and rear dampers for previous generation Swift and Swift Sport models.
“Tenneco’s MTV valve technology has been precision-engineered to offer our customers great flexibility when it comes to tuning vehicle ride characteristics for the best possible balance of performance and comfort,” said Martin Hendricks, executive vice president and president, Tenneco Ride Performance. “Tenneco is excited to continue our long-standing relationship with Suzuki by adding the new Swift to our ever-growing portfolio of OE fitments.”
Tenneco designs and develops a broad range of passive, adaptive and semi-active shock absorbers to meet the needs of OE customers across multiple segments and markets. Offering extensive tuning options, excellent noise reduction and long-lasting durability compared with conventional designs, Tenneco’s MTV valve technology is a leading choice for a wide range of applications. The clamp-disc, full-displacement valve system is engineered to provide precise handling and driving comfort in a variety of driving environments. Tenneco produces the suspension technology for the Dzire at Tenneco’s Bawal plant in India, and at Tenneco’s Gliwice and Hodkovice plants in Europe for the Swift Sport.
Tenneco is an $8.6 billion global manufacturing company with headquarters in Lake Forest, Illinois and approximately 31,000 employees worldwide. Tenneco is one of the world’s largest designers, manufacturers and marketers of ride performance and clean air 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® Elastomers.
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 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/A for the year ended December 31, 2016.
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