Year to date, those shares have risen nearly eight percent. Tenneco’s shares have advanced 7.20 percent in the last month and 23.40 percent in the previous three months.
RELATED: 800+ new jobs expected from companies receiving tax credits
The company is in line for local, state and Montgomery County incentives should Tenneco leaders decide to nearly double the employment of its Woodman Drive plant in Kettering.
Tenneco Automotive Operating Co. is said to be considering the creation of 483 full-time positions there, generating $15.8 million in new annual payroll while retaining $22.8 million in payroll.
RELATED: Grants sought to fuel 550 new jobs locally
The parts maker was approved to receive a 1.724 percent, nine-year job creation tax credit from Ohio in August. Tenneco designs, makes and distributes automotive ride control and emission control products and systems.
The Kettering plant — formerly home to a Delphi operation — already has 478 jobs.
Spokespeople for Tenneco have declined to comment on the company’s plans or the offered incentives, but local officials have expressed hope the the company will follow through on its plans.
FIVE LOCAL BUSINESS READS
About the Author