Tenneco Inc. (ticker: TEN, exchange: New York Stock Exchange)
September 25, 2017
TENNECO SUPPLYING DIESEL AFTERTREATMENT FOR DAIMLER TRUCKS 2018 MEDIUM-DUTY ENGINE PLATFORM
Atlanta, Ga., September 25, 2017 - Tenneco Inc. (NYSE: TEN), a leading global supplier of Ride Performance and Clean Air products and systems announced today at the North American Commercial Vehicle (NACV) truck show in Atlanta that it will supply full aftertreatment systems for new Detroit™ DD5™ and DD8™ medium-duty engines. The four and six cylinder engines were developed to meet and exceed the rigorous demands of different global markets while complying with current and future emissions regulations.
Tenneco will supply the full aftertreatment system, which includes the complete selective catalytic reduction system featuring the company’s proprietary mixing technology, as well as muffler and pipes. The system will be available in multiple understep, side-by-side and horizontal variations designed to accommodate the Daimler Trucks product portfolio, which includes Mercedes-Benz trucks and buses, Setra, Freightliner, Freightliner Custom Chassis, BharatBenz, FUSO, and Thomas Built Buses.
“We are pleased to partner with Daimler Trucks to support the important launch of their global engine platform for medium-duty trucks,” said Brian Kesseler, chief executive officer, Tenneco. “This platform demonstrates Tenneco’s commitment to provide commercial truck customers with our most advanced aftertreatment solutions that meet the needs of the evolving global regulatory landscape, while enabling greater fuel economy and reduced CO2 emissions.”
The aftertreatment system was designed and engineered at Tenneco’s technical center in Edenkoben, Germany, and will be manufactured and assembled at the company’s Clean Air facility in Seward, Nebraska. Tenneco is a global supplier to Daimler, providing both Ride Performance and Clean Air technologies on many light vehicle platforms globally in addition to commercial truck solutions.
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 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®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 for the year ended December 31, 2016.
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Tenneco Global Clean Air Communications