Tenneco addresses Rising Demand for CV Cabin Shocks with Investment in Polish Manufacturing Facility

Tenneco addresses Rising Demand for CV Cabin Shocks with Investment in Polish Manufacturing Facility

Tenneco, a leading global manufacturer for aftermarket,is boosting production of Monroe® Magnum™ cabin shock absorbers at its dedicated G+ aftermarket manufacturing facility in Gliwice, Poland. This is in response to increasing requirements to support commercial fleet operators in their efforts to find and retain good staff by helping keep drivers comfortable, confident and alert.

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The company has invested $3,5 million in commercial vehicle (CV) shock assembly operations – including a dedicated cabin shock production line – at the G+ plant, with new welding cells, and tubing and stamping machines. The expansion project, which follows the successful move of Tenneco’s light vehicle monotube shock production to the same facility, is expected to be complete by September.

“This is a significant milestone in Tenneco’s plans for the G+ plant that will allow us to meet the changing needs of our commercial vehicle customers and ensure ample manufacturing capacity for years to come,” said Maurits Binnendijk, vice president and general manager, Europe Aftermarket, Tenneco.

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Line capacity for Monroe Magnum shocks produced at the G+ facility currently stands at 2,000 units per day, or approximately 500,000 per year. Binnendijk noted that, with the new investment in G+, this output can increase should the need arise.

Monroe Magnum cabin shocks are engineered to address the increased demands of today’s hardworking medium- and heavy-duty vehicles. Each shock is built to withstand the demands of extreme road conditions while helping to maximize driver comfort. Monroe Magnum shocks are a leading choice among commercial vehicle fleets and other customers throughout the European Union.

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Replacing worn cabin shock absorbers with a durable, high-quality option like Monroe Magnum is a relatively inexpensive way to enhance ride quality in a way that matters most to vehicle operators.

In addition to its extensive range of products, Tenneco supports the commercial vehicle market with an array of technical and training resources, along with highly detailed product information. An extensive list of commercial grade shock absorbers can be found in the Monroe Magnum digital catalogue, available online at www.monroemagnumcatalogue.eu. This catalogue features 360° images of many products for fast, accurate parts identification.

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Beyond its range of product catalogues, Tenneco also supports parts distributors and vehicle service businesses with extensive  training and vehicle repair information available through its telephone-based Techline and online TADIS (Technicians Advanced Digital Information System) platform, as well as a full range of other helpful resources available at www.training.tenneco.com.

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Products' release
About Tenneco - Aftermarket EMEA

About Tenneco

Headquartered in Lake Forest, Illinois, Tenneco is one of the world’s leading designers, manufacturers and marketers of Aftermarket, Ride Performance, Clean Air and Powertrain products and technology solutions for diversified markets, including light vehicle, commercial truck, off-highway, industrial and the aftermarket, with 2018 revenues of $11.8 billion and approximately 81,000 employees worldwide. On October 1, 2018, Tenneco completed the acquisition of Federal-Mogul, a leading global supplier to original equipment manufacturers and the aftermarket.  Additionally, the company expects to separate its businesses to form two new, independent companies, an Aftermarket and Ride Performance company as well as a new Powertrain Technology company, in the second half of 2019.

About DRiV™ - the future Aftermarket and Ride Performance Company

Following the separation, DRiV will be one of the largest global multi-line, multi-brand aftermarket companies, and one of the largest global OE ride performance and braking companies.  DRiV’s principal product brands will feature Monroe®, Öhlins® Walker®, Clevite®Elastomers, MOOG®, Fel-Pro®, Wagner®, Ferodo®, Champion® and others. DRiV would have 2018 pro-forma revenues of $6.4 billion, with 54% of those revenues from aftermarket and 46% from original equipment customers.

 About the new Tenneco - the future Powertrain Technology Company

Following the separation, the new Tenneco will be one of the world’s largest pure-play powertrain companies serving OE markets worldwide with engineered solutions addressing fuel economy, power output, and criteria pollution requirements for gasoline, diesel and electrified powertrains. The new Tenneco would have 2018 pro-forma revenues of $11.4 billion, serving light vehicle, commercial truck, off-highway and industrial markets.

 Safe Harbor

 This release contains forward-looking statements. These forward-looking statements include, but are not limited to, (i) all statements, other than statements of historical fact, included in this communication that address activities, events or developments that we expect or anticipate will or may occur in the future or that depend on future events and (ii) statements about our future business plans and strategy and other statements that describe Tenneco’s outlook, objectives, plans, intentions or goals, and any discussion of future operating or financial performance. These forward-looking statements are included in various sections of this communication and the words  “may,” “will,” “believe,” “should,” “could,” “plan,” “expect,” “anticipate,” “estimate,” and similar expressions (and variations thereof) are intended to identify forward-looking statements. Forward-looking statements included in this release concern, among other things, the closing of the transaction described in this release, the benefits of the Federal-Mogul acquisition; the combined company’s plans, objectives and expectations; future financial and operating results; and other statements that are not historical facts. Forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to materially differ from those described in the forward-looking statements, including the outcome of any legal proceeding that may be instituted against Tenneco and others following the announcement of the transaction; the possibility that the combined company may not complete the spin-off of the Aftermarket & Ride Performance business from the Powertrain Technology business (or achieve some or all of the anticipated benefits of such a spin-off); the possibility that the transaction may have an adverse impact on existing arrangements with Tenneco, including those related to transition, manufacturing and supply services and tax matters; the ability to retain and hire key personnel and maintain relationships with customers, suppliers or other business partners; the risk that the benefits of the transaction, including synergies, may not be fully realized or may take longer to realize than expected; the risk that the transaction may not advance the combined company’s business strategy; the risk that the combined company may experience difficulty integrating all employees or operations; the potential diversion of Tenneco management’s attention resulting from the transaction; as well as the risk factors and cautionary statements included in Tenneco’s periodic and current reports (Forms 10-K, 10-Q and 8-K) filed from time to time with the SEC. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results. Unless otherwise indicated, the forward-looking statements in this release are made as of the date of this communication, and, except as required by law, Tenneco does not undertake any obligation, and disclaims any obligation, to publicly disclose revisions or updates to any forward-looking statements.

 

 

  

 

Tenneco - Aftermarket EMEA
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