Tenneco Inc. (ticker: TEN, exchange: New York Stock Exchange)
January 16, 2018
TENNECO SUPPLIES ADVANCED ELASTOMER TECHNOLOGY FOR NEW FREIGHTLINER CASCADIA MODELS
Lake Forest, Illinois, January 16, 2018 – Tenneco Inc. (NYSE: TEN) announced today that it is supplying commercial vehicle manufacturer Daimler Trucks North America (DTNA) with Clevite® Controlled Torque™ spring eye bushings for new Freightliner Cascadia® Class 8 tractors.
Exhibiting high conical stiffness and low torsional breakaway, Tenneco’s patented Controlled Torque bushing is designed to provide OE manufacturers the freedom to assemble vehicle suspension systems at any preferred position – not just at vehicle ride height. In addition to providing greater assembly flexibility, it offers improved durability and performance over conventional options, as well as a lower-cost alternative to spring eye bearings in a relatively small package.
“At Tenneco, we are continuously leveraging our knowledge and technical capabilities to offer vehicle manufacturers highly engineered solutions designed with superior NVH isolation,” said Steve Pohlman, vice president and general manager, global elastomers, Tenneco. “The Clevite Controlled Torque bushing is one of the latest in a long series of innovations in elastomer technologies that help to set Tenneco apart from the competition.”
Previously, OEMs were limited to choosing between steel-threaded pivots that require maintenance and provide limited NVH reduction or conventional elastomer bushings that sacrifice conical stiffness and torsional articulation. Available for use for spring eye bushing applications since 2015, the Controlled Torque bushing eliminates the need for compromise by offering the superior durability of a pivot and the on-road performance of an elastomer bushing.
The Controlled Torque bushing is an ideal solution for applications in which high loads or a high amount of suspension travel is common, or where a vehicle assembly aid is desired. It features a curled cartridge bushing designed to accommodate high radial and axial loads along with an integrated bearing that allows for 360º torsion articulation and helps to significantly reduce noise, vibration and harshness (NVH) during driving.
Controlled Torque bushings are designed and engineered at Tenneco’s Clevite Elastomers plant in Milan, Ohio, and manufactured in Reynosa, Mexico.
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/A for the year ended December 31, 2016.
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