A newly independent company.
On November 5, 1999, Tenneco Automotive (NYSE: TEN) began its first day of regular trading as an independent company, following completion of its strategic separation from Tenneco's packaging business.
Who we are, what we do, and where we are.
Tenneco Automotive is a $3.5 billion global manufacturing company based in Lake Forest, Illinois, with 19,600 employees worldwide. The company is one of the world's largest designers, manufacturers and distributors of automotive ride control and emission control products and systems for the automotive original equipment market, and the repair and replacement market, or aftermarket.
Our customers.
In the original equipment market, Tenneco Automotive serves more than 25 original equipment manufacturers on a global basis. In the aftermarket, Tenneco Automotive serves more than 500 customers including wholesalers and retailers. The company globally sells its ride control products primarily under the well-recognized Monroe® brand name. On the emissions control side of the business, Tenneco Automotive sells its products under the Walker®, and Gillet™ brand names.
Our products.
Tenneco Automotive is well balanced across its product lines, markets (OE and aftermarket) and geographic regions. With brand-name recognition and a worldwide presence, the company can meet the global sourcing, quality and engineering requirements of its customers from over 100 manufacturing, technical and regional facilities in 22 countries on 6 continents.
Financial performance.
Tenneco Automotive has been implementing financial improvement initiatives since becoming an independent company, and has a strong record of cash generation. The company is seeking to enhance its financial performance through such business tools as Six Sigma. It also employs a Business Operating System to manage its operations driving toward three strategic imperatives: customer satisfaction, employee satisfaction and Economic Value Added. In addition to internal growth, the company has, over a two-year span, invested more than $1 billion in acquisitions and joint ventures.
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