TOKYO (March 13, 2008) — Tenneco Inc. said elastomers account for 4 percent of $200 million in annualized new business the company won with Japanese original equipment manufacturers in 2007.
Tenneco Chairman and CEO Gregg Sherrill said March 13 during a news conference in Tokyo that the business includes contract with five Japanese OEMs for vehicles set to launch between 2008 and 2010.
"We are pleased to see the results of our continued focus on growing with the Japan-based OEMs and, equally important, we are diversifying within that market both in terms of customers and geographic locations," Sherrill said.
Besides elastomers, emission control accounted for 82 percent of the business and ride control 14 percent. About 20 percent of the new business is in Brazil, Russia, India and China, Tenneco said.