TENNECO INC. Overview
Company Headquarters: US
Founded: 1915
Workforce: ~ 81,000
Company Working: Tenneco Inc. is engaged in the design, manufacture, and marketing of components, such as steering and suspension systems, chassis and safety, and transmission modules. It offers products and services for light vehicles, commercial trucks, off-highway equipment, and the aftermarket. The company operates through two business segments, namely ride performance and clean air solutions. Under its ride performance segment, Tenneco Inc. provides advanced suspension technologies, which deliver distinguished performance, comfort, and power to the vehicles. In 2017, it manufactured more than 90 million units of shocks and struts. The company also offers shock absorbers for automotive applications through Federal-Mogul Corporation, which was acquired by the company in 2018.
The company has 33 manufacturing facilities and 15 globally linked engineering centers worldwide. Companies such as General Motors, Ford Motor Company, Volkswagen Group, Daimler AG, Tata Motors, Fiat Chrysler Automobiles, SAIC Motor, First Auto Works, and Toyota Motor Corporation form its clientele. Some of its brands include Monroe, Axios, Fric-Rot, Clevite, and Rancho.
Strategy
Tenneco Inc. is focusing on capital allocation strategy to improve its portfolio and offer cost-competitive products in the market. It concentrates on strategic acquisitions to expand its product portfolio and accelerate its growth worldwide. For instance, in November 2018, the company acquired Öhlins Racing A.B. for increasing its presence in Europe and enhancing its shock absorber product portfolio. Additionally, the company is poised for expanding its network in Asia-Pacific, owing to the rising vehicle sales and new distribution channels. Moreover, it has been planning to work with various distributors and online vendors in the automotive aftermarket industry to enhance its customer base and improve its market position.
