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.

Our new engineering center is key to our success in China. It enables us to locally support our customers with technical expertise, engineering and testing while saving time and costs, and strengthening communications. Additionally, we'll be able to localize global programs more efficiently and evolve to meet our customers' needs for a greater range of products and technologies.

The operating environment for automotive supply companies remains as challenging as ever with a lot of uncertainty in the North American markets. Our formula for success remains unchanged. We will continue focusing on those areas within our control, executing with discipline on the fundamentals and maintaining a relentless focus on controlling costs. We should also continue to benefit from our balance and diversification in terms of products, markets served and our customer base as well as from a strong new product and technology pipeline designed to help Tenneco win incremental OE and aftermarket business.

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.

This campaign focuses on power, both in terms of what a powerful investment tool futures can be for individual investors and how Lind-Waldock empowers individuals to use both financial and commodity futures through our cutting-edge trading platform, industry-leading education programs, and financial strength.

We believe today's investment environment presents excellent opportunities for those with buy-and-hold strategies, and we encourage all investors ? particularly those with less experience in the markets ? to stay focused on their long-term investment goals.