July 6 (Reuters) - Tenneco Inc TEN.N :
* Tenneco says on June 29, determined to undertake a restructuring initiative and close its clean air manufacturing plant in o'Sullivan beach, Australia
* Tenneco inc - initiative may include additional restructuring actions with respect to company's local original equipment ride performance operations
* Tenneco inc - all such restructuring activities related to initiative are expected to be completed by q1 of 2018
* Tenneco inc - company expects to record total charges related to initiative of approximately $12 million in q2 of 2017 and up to $8 million in q3 of 2017
* To close plant when general motors and toyota end vehicle production in Australia, which is expected to occur in October 2017
* Tenneco inc - charges comprise approximately $18 million of cash expenditures and $2 million of non-cash asset impairments Source text Further company coverage: TEN.N