Mark Frissora Strategies Quotations

Our solid fourth quarter performance reflects our ongoing ability to execute consistent strategies for generating top-line growth, controlling costs and improving operational efficiency. We were successful in delivering a strong cash quarter as a result of our sharp focus on working capital improvements, particularly in accounts receivables and inventory reduction.

These expansions represent a significant portion of the estimated $21 million investment we intend to make in China over the next three years. One of Tenneco's key growth strategies is to expand in emerging markets and China is our greatest opportunity in this area.