ELKHART, Ind. (June 27, 2008) -The Indiana Economic Development Corporation will award training assistance to Tenneco Inc., (NYSE: TEN) a global manufacturer of automotive emission control and ride control systems, to expand its Indiana operations here, creating approximately 60 new jobs.
The FORTUNE 500 company plans to invest nearly $6 million to add two new catalytic converter manufacturing lines to its 81,000 square-foot Hoffman Street facility that currently manufactures a variety of automotive parts ranging from muffler and converter stampings to hydroformed exhaust products and catalytic converters.
"Tenneco is continuing to provide quality opportunities for Hoosiers all around our state," said Nate Feltman, Secretary of Commerce and chief executive officer of the Indiana Economic Development Corporation. "We couldn't be more pleased that they are renewing their commitment to Indiana and investing in further opportunities for the Elkhart community."
The Lake Forest, Ill.-based maker of emission control and ride control technologies for original equipment vehicle manufacturers and aftermarket customers is in the process of hiring machine operators, maintenance technicians and managers. The company will provide new and existing employees training in hydraulics, robotics and blue print reading with the help of a $112,500 grant from the state's Skills Enhancement Fund.
"We are thrilled that Tenneco has chosen its Elkhart location as the site for its product line expansion. Tenneco's capital investment will increase its local workforce nearly two-fold," said Elkhart Mayor Dick Moore. "The fact that Tenneco is expanding operations during these trying times speaks volumes to management's ability to operate efficiently and we sincerely hope that both Elkhart and Tenneco benefit as a result."
Tenneco, which operates three additional facilities in Indiana in Evansville, Ligonier and Angola, employs more than 21,000 around the world at its 80 manufacturing facilities and 15 engineering centers.
Tenneco is a $6.2 billion manufacturing company with headquarters in Lake Forest, Illinois and approximately 21,000 employees worldwide. Tenneco is one of the world's largest designers, manufacturers and marketers of emission control and ride control products and systems for the automotive original equipment market and the aftermarket. Tenneco markets its products principally under the Monroe, Walker, Gillet and CleviteElastomer brand names.