Tenneco, Inc.
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| Public | |
| Traded as | : TEN |
| Industry | Auto parts |
| Founded | 1940 |
| Headquarters | Lake Forest, Illinois |
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Key people
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Gregg M. Sherrill, Chairman & CEO Brian Kesseler, COO Kenneth R. Trammell, CFO James Harrington, Senior Vice President and General Counsel |
| Products | Ride control, emissions control, elastomers |
| Revenue | $8.599 Billion (2016) |
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Number of employees
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31,000 (2016) |
| Website | http://www.tenneco.com/ |
Tenneco (formerly Tenneco Automotive and originally Tennessee Gas Transmission Company) is an American Fortune 500 company that has been publicly traded on the since November 5, 1999 under the symbol TEN. Tenneco, with headquarters in Lake Forest, Illinois, United States is an automotive components original equipment manufacturer and an after-market ride-control and emissions products. In 2011 it reported a revenue of $7.2 billion.
Tenneco, Inc.'s origin was in the Chicago Corporation, established about 1930. Tennessee Gas and Transmission Company (completely separate) had been formed in 1940.
A shortage of fuel for World War II defense industries in the Appalachian area developed when industrial production was increased. The nuclear development operations of the Manhattan Project at Oak Ridge, Tennessee consumed huge quantities of Tennessee Valley Authority electrical power that would have otherwise been available to other industrial operations. The Chicago Corporation was able to acquire a Federal Power Commission (FPC) license to build a pipeline from Texas to Appalachia, eventually expanding to the largest natural gas pipeline network in the United States. These pipelines were acquired by El Paso Corporation in 1996, and are now owned by Kinder Morgan and others.
In the 1950s, the company acquired existing oil companies, including Sterling Oil, Del-Key Petroleum, and Bay Petroleum. The Tennessee division of the Chicago Corporation acquired Tennessee Gas Transmission Company in 1943 to build a natural-gas pipeline 1,265 miles (2,036 km) from Texas to West Virginia. The first line was completed in October 1944. It was followed by three additional pipelines totaling 3,840 miles (6,180 km) during the next 15 years which provide gas to New York and New Jersey.
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