Tenneco Automotive has announced that it intends to close its Monroe shock absorber manufacturing facility in Corlu, Turkey by the end of this year. The closure will impact 124 employees currently employed at the facility, which produces shock absorbers for original equipment manufacturers and the aftermarket.
The closing is a part of the company’s restructuring plan – Project Genesis. Project Genesis, announced in December 2001, is designed to help improve efficiency in the company’s global operations through consolidation, transferring production between facilities, rearranging operational flow within specific plants and increasing standardisation among the company’s processes and products.
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“It is difficult to make decisions that negatively impact employees and we regret the effect of this announcement on those in Corlu,” said Mark P. Frissora, chairman and CEO, Tenneco Automotive. “However, we are determined to continue our efforts to better integrate our operations and improve our efficiency. We are making fundamental changes through Project Genesis, Six Sigma and lean manufacturing to improve our efficiency and quality while seeking to maximise our manufacturing, distribution and supply chain operations.”
Tenneco says it remains committed to the Turkish market and will maintain in-country sales and marketing teams to service both its original equipment and aftermarket customers. The company will import ride control products for this market from other Tenneco Automotive facilities in Europe. Tenneco Automotive will continue to distribute aftermarket products from its new distribution centre in Istanbul.
The announcement marks the last of eight announced facility closings as part of Project Genesis.
