Tenneco Inc. (ticker: TEN, exchange: New York Stock Exchange) News Release
March 4, 2014
TENNECO'S SELECTIVE CATALYTIC REDUCTION TECHNOLOGY FEATURED ON RAM HEAVY-DUTY TRUCKS
Lake Forest, IL March 3, 2014 – Tenneco (NYSE: TEN) announced that it is supplying key emissions control technologies on the 2014 Ram Heavy Duty diesel truck series, which includes the 2500 and 3500 Heavy Duty diesel pickups and the 3500, 4500 and 5500 chassis cab trucks. Tenneco supplies aftertreatment components, including the diesel oxidation catalyst, diesel particulate filter and selective catalytic reduction (SCR) system on the full truck line.
Tenneco has supplied the SCR aftertreatment system on the Ram chassis cab truck series since 2010 for both previous and current-generation designs. The Ram Heavy Duty diesel pickup trucks added the SCR technology for the first time when production of the redesigned 2500 and 3500 series trucks began last year at Chrysler’s Saltillo, Mexico Truck Assembly Plant.
“We are extremely pleased to work with the Chrysler Group on the Ram pickups and commercial trucks,” said Hari Nair, Tenneco chief operating officer. “Tenneco’s expertise in SCR technology and systems integration has helped the Chrysler Group meet stringent EPA emissions targets and at the same time, deliver vehicle performance critical to the Ram’s success.”
Tenneco produces the aftertreatment components at its manufacturing facilities in Smithville, Tennessee and Puebla, Mexico. Engineering and development was conducted at the company’s global emissions control technical center in Grass Lake, Mich.
Tenneco is an $8 billion global manufacturing company with headquarters in Lake Forest, Illinois and approximately 26,000 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, 2013.