Apr 29 2008
Tenneco Inc. announced that it is expanding its business in North America with Toyota Motor Engineering + Manufacturing North America, Inc. with the launch of emission control business on the 2008 Toyota Sequoia.
“Our goal is to continue to build on our long-term supplier relationship with Toyota, and being selected to supply emission control systems on this program reflects our progress in achieving this strategic objective,” said Gregg Sherrill, Tenneco chairman and CEO. “We continue to develop business with Toyota through strong operational performance, by providing advanced technologies, and through our ability to serve them on a global basis.”
For the Sequoia, which is already in production, Tenneco is supplying the full exhaust system. Manufacturing for the Sequoia is taking place at Tenneco’s U.S. facilities in Smithville, Tenn., and Evansville, Ind.
“This platform exemplifies Tenneco’s global engineering capabilities with development work being done at the company’s engineering centers in Grass Lake, Michigan, Yokohama, Japan, and with our alliance partner, Futaba,” Sherrill said. “This business also showcases Tenneco’s effective use of advanced process technology by utilizing laser welding to reduce product mass and increase manufacturing flexibility.”
Tenneco recently announced that, in 2007, the company won $200 million in new business with five Japanese vehicle manufacturers. The $200 million in new business includes the Sequoia business announced today. The Sequoia platform is also included in Tenneco’s projection earlier this year that it will achieve an average compounded annual OE revenue growth rate of 11% to 13% between 2008 and 2012.