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Tenneco Automotive

Tenneco Automotive Expands Presence in Eastern Europe

Gliwice, Poland (ots)

Company strengthens ride control
engineering capability with new manufacturing site in Poland. Tenneco
Automotive officially opened today a new ride control manufacturing
facility in Gliwice, Poland, which will supply shock absorbers to
European-based vehicle manufacturers..
The Tenneco Automotive Europe's Ride Control business unit
acquired, and refurbished the facility at Gliwice as a part of its
strategy to broaden the company's presence  in Eastern Europe. "This
$20 million investment marks an important stage in the expansion of
Tenneco Automotive' in Eastern Europe," said Josep Fornos, general
manager Europe original equipment  ride control. "This new facility
will add capacity as we project further growth in the ride control
business across Europe."
"In addition to manufacturing capacity, the combined success of
our Western and Eastern European product development and engineering
capabilities are key to Tenneco Automotive's success in meeting our
customers' ride control needs as well as future expectations." Fornos
added. Low labour and operating costs and the investment conditions
offered by the Katowice Special Economic Zone were factors in the
company's decision to open a facility in Poland. In addition, Polan
has a motivated and highly educated labour pool that will allow
Tenneco Automotive Europe to expand its manufacturing and engineering
capacity and position the company for future growth.
The 21,000 square meter facility is expected to manufacture 6.0
million units per year by 2005 and will employ approximately 120
employees by the end of this year.
Tenneco Automotive is committed to the automotive market in Poland
that has very dynamic growth. "We are convinced that this investment
will allow us to increase our share of the fast growing Eastern
European market, said Hari Nair, executive vice president and
managing director, Tenneco Automotive Europe. "Furthermore, it will
undoubtedly and significantly strengthen the competitive position of
the company as one of the top tier suppliers of ride control systems
and components."
Tenneco Automotive is a $3.5 billion manufacturing company
headquartered in Lake Forest, Ill. (USA), with 23,000 employees
worldwide. Tenneco Automotive is one of the world's largest producers
and marketers of ride control and exhaust systems and products, which
are sold under the Monroe(R), Walker(R) and Gillet(R) global brand
names.

Kontakt:

Tenneco Automotive Europe
Peter Dercon
PR Manager
phone +32 2 706 9241
fax +32 2 706 9259
E-Mail: peter.dercon@eu.tenneco-automotive.com

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