Tenneco, FAW Sihuan Partner To Supply Emission Control Systems
Tenneco has entered into a joint venture (JV) with Changchun FAW Sihuan Group, a subsidiary of FAW Group, to supply emission control components and systems for passenger and commercial vehicles.
The company said that the new JV, which would be based in Changchun, has three partners including Tenneco with a 41% equity share, FAW Sihuan with a 49% share and Tenneco Tongtai (Dalian) Exhaust System Company with a 10% share.
Under the JV, Tenneco will have management control due to its 80% equity share in Tenneco Tongtai, and initial customers will include FAW-Volkswagen and FAW Jiefeng.
Gregg Sherrill, chairman and CEO, Tenneco, said: “We are very excited to be partnering with FAW, one of China’s leading manufacturers of light and commercial vehicles. This new JV not only further expands our market-leading emissions control position in the growing China passenger vehicle market, but also gives us better access to China’s commercial vehicle segment, which is the largest in the world.”
Reportedly, Tenneco’s new joint venture with FAW Sihuan represents its seventh joint venture in China. The company has emission control joint ventures in Shanghai, Dalian, Chongqing and Beijing, and a ride control joint venture in Beijing. In 2007, Tenneco opened an emission control engineering center in Shanghai. The company also operates a wholly-owned elastomer manufacturing plant in Suzhou.
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