2011 News Releases|
2011 News Releases
Cummins Inc. at Credit Suisse Global Industrials Conference (Replay)
12/05/13 at 2:45 p.m. ET
|12/02/11||Cummins Commits to Greater Efficiency Improvements through Better Buildings, Better Plants Challenge|
|COLUMBUS, Ind., Dec 02, 2011 (BUSINESS WIRE) -- After achieving significant energy efficiency and greenhouse gas (GHG) reductions over the last five years, Cummins (NYSE: CMI) is now raising the bar on its efforts by becoming a Partner in the Better Buildings, Better Plants Challenge.
President Obama announced the Challenge today. The criteria for being a Challenge Partner in the U.S. Department of Energy's program include reducing energy use by at least 25 percent per dollar revenue from 2005... |
|12/01/11||Cummins, Mercury Marine Will Transition from CMD Joint Venture|
|CHARLESTON, S.C.--(BUSINESS WIRE)--Dec. 1, 2011-- Cummins and Mercury Marine will transition from their Cummins MerCruiser Diesel Marine (CMD) joint venture to a strategic supply arrangement between the two companies to more effectively and efficiently serve customers in the global diesel marine market.
All business activities will move from CMD to the parent companies, with completion of the transition anticipated by mid-2012. CMD will conduct business as usual through the transition.
|11/16/11||Cummins Inc. Announces Expansion of Test Facilities|
|NORTH CHARLESTON, S.C.--(BUSINESS WIRE)--Nov. 16, 2011-- Cummins Inc. (NYSE: CMI) announced today an investment of $24 million over three years to expand the research and development capabilities at its technical center in North Charleston, S.C.
The Cummins Technical Center will be capable of running a variety of engines and test a wide range of fuels. Plans call for hiring 31 new engineers, mechanical technicians and electrical technicians immediately with more potential hires in the future. ... |
|11/08/11||Cummins Announces New EcoFit(TM) Urea Dosing System|
|New EcoFit(TM) Urea Dosing System Offers Best-In-Class Performance and Reliability to Diesel Engine Manufacturers
BEIJING, Nov 08, 2011 (BUSINESS WIRE) -- Cummins Emission Solutions, a division of Cummins Inc. (NYSE:CMI), announced today that it is in the advanced development stages of a new urea dosing system - the EcoFit(TM) Urea Dosing System. This new aftertreatment product innovation is designed to meet upcoming emission regulations in China, India, and Russia. The EcoFit(TM) Urea Dosing... |
|11/04/11||Peters Named Vice President - Internal Audit at Cummins|
|COLUMBUS, Ind., Nov 04, 2011 (BUSINESS WIRE) -- Cummins Inc. (NYSE: CMI) announced today that Luther Peters has been named Vice President - Internal Audit.
"Luther's approach to monitoring and assessing the Company's control environment, his listening and communications skills, along with his global outlook and his strong leadership capabilities has taken the Internal Audit function to a new level of capability," said Pat Ward, Cummins' Vice President - Chief Financial Officer.
"Luther has d... |
|11/03/11||Embree Named Vice President and President - Cummins Turbo Technologies|
|COLUMBUS, Ind., Nov 03, 2011 (BUSINESS WIRE) -- Tracy Embree has been named Vice President and President - Cummins Turbo Technologies (CTT), Cummins Inc. (NYSE: CMI) announced today.
Embree has worked in CTT as General Manager - Asia, since July, 2011. She replaces Jim Lyons, who was named the Company's Vice President and Chief Manufacturing Officer earlier this week.
"During her time in CTT, Tracy has continued to drive our growth and success in India and China, building strong connections ... |
|11/02/11||Cummins Announces New Vice President - Chief Manufacturing Officer|
|COLUMBUS, Ind., Nov 02, 2011 (BUSINESS WIRE) -- Cummins Inc. (NYSE: CMI) announced today that Jim Lyons has been named Vice President - Chief Manufacturing Officer.
"In his new role, Jim has significant responsibilities in helping us achieve our goal to make improvements and savings through the Supply Chain organization," said Lisa Yoder, Vice President - Global Supply Chain and Manufacturing.
Lyons will work on improving the Company's worldwide manufacturing performance with an emphasis on ... |
|11/01/11||Cummins Reveals New QSK95 Engine with over 4000 Horsepower|
|Most Powerful High-Speed Diesel Engine In Industry
First In New High-Horsepower Platform For Diesel And Gas
SEYMOUR, Ind., Nov 01, 2011 (BUSINESS WIRE) -- Cummins Inc. (NYSE: CMI) today revealed at the Seymour Engine Plant the new QSK95 engine with over 4000-hp (2983 kW) output as the world's most powerful high-speed diesel. The 95-liter 16-cylinder QSK95 is the first engine to be introduced in a new high-horsepower diesel and gas platform from Cummins. The new product line will extend up t... |
|10/25/11||Cummins Reports Strong Third Quarter Results|
Sales increase 36 percent while EBIT grew by 43 percent
Company on track for full year sales and earnings records despite global macro-economic conditions
COLUMBUS, Ind., Oct 25, 2011 (BUSINESS WIRE) -- Cummins Inc. (NYSE: CMI) today reported strong sales and earnings for the third quarter. Year-over-year growth was driven by global mining and oil & gas markets, on-highway markets in North America and Brazil, and construction demand in Asia.
Third quarter sales were $4.6 billion, up 36 p... |
|10/20/11||LiuGong and Cummins Announce Joint-Venture Partnership to Build Engines in China|
|MidRange Engines Will Be Localized For Construction Equipment Market
LIUZHOU CITY, Guangxi Province, China, Oct 20, 2011 (BUSINESS WIRE) -- Cummins Inc. (NYSE: CMI) and Guangxi LiuGong Machinery Co. Ltd. (Shenzhen: 000528) announced today a joint-venture partnership to manufacture MidRange engines at a new facility to be built in Liuzhou City, Guangxi Province, in southern China. The new joint-venture operation will commence engine production in 2013. Volume is planned to reach 50,000 units w... |
|10/17/11||Cummins Inc. Approves Dividend Payment|
|COLUMBUS, Ind., Oct 17, 2011 (BUSINESS WIRE) -- The Cummins Inc. (NYSE: CMI) Board of Directors on Oct. 16 approved payment of the quarterly cash dividend on the Company's outstanding common stock in the amount of 40 cents per share. The dividend would be payable on Dec. 1, 2011, to shareholders of record on Nov. 21, 2011.
The board earlier this year increased the Company's quarterly cash dividend on common stock by 52 percent to 40 cents per share from 26.25 cents per share.
"Cummins is on ... |
|09/27/11||Cummins Named to Dow Jones Sustainability Indexes Again for 2011|
|COLUMBUS, Ind., Sep 27, 2011 (BUSINESS WIRE) -- Cummins Inc. (NYSE: CMI) today announced that it has been named to the Dow Jones Sustainability World Index for the seventh consecutive year. The index recognizes the top 10 percent of the world's largest public companies for their economic, social and environmental performance.
Altogether, 342 companies were named to the 2011 World Index across 57 industry sectors. Cummins was among just 10 U.S. companies in the broader listing of industrial goo... |
|09/13/11||Cummins Shares Long-Term Growth Prospects with Investment Community|
Company targeting $30 billion in sales and 18 percent EBIT margin in 2015
NEW YORK, Sep 13, 2011 (BUSINESS WIRE) -- Senior leaders of Cummins Inc. (NYSE:CMI) today demonstrated their confidence in the Company's future by sharing new long-term targets for revenue growth and profitability.
Speaking at a meeting with approximately 150 Wall Street analysts and shareholders, Cummins Chairman and Chief Executive Officer Tim Solso, President and Chief Operating Officer Tom Linebarger, Chief Fina... |
|09/08/11||Cummins Selling Part of Its Light Duty Filtration Business|
|COLUMBUS, Ind., Sep 08, 2011 (BUSINESS WIRE) --Cummins Inc. (NYSE: CMI) announced today that it has entered into an
agreement to sell its light duty filtration operations to Industrial
Opportunity Partners, LLC, (IOP) a private equity investment firm based
in Evanston, Ill. The sale affects Cummins' Kuss Filtration business in
Findlay, Ohio, and the Filtration business at Bloomer, Wisc.; and Kuss
operations in Sao Paulo, Brazil and Shanghai, China.
|08/10/11||Cummins Releases 2010-11 Sustainability Report|
|COLUMBUS, Ind., Aug 10, 2011 (BUSINESS WIRE) -- Cummins Inc. (NYSE: CMI) announced today the release of its 2010-11 Sustainability Report, which focuses on the Company's efforts to build cleaner products and reduce the size of its own environmental footprint.
In addition, the Company has updated its Sustainability Web site with all new stories on everything from Cummins' environmental and community involvement efforts to its plans for growth in Africa and its initiatives to develop the next ge... |
|08/09/11||Cummins Announces Intent to Meet New Fuel-Efficiency and Greenhouse
Gas Standards Early|
|COLUMBUS, Ind., Aug 09, 2011 (BUSINESS WIRE) --Upon release of the first-ever greenhouse gas (GHG) emissions and
fuel-efficiency standards for medium- and heavy-duty commercial
vehicles, Cummins Inc. (NYSE: CMI) affirmed its support for the
regulation and announced plans to certify its engines early to meet
these standards. The Company has worked proactively on the regulation
with a wide range of stakeholders over the past several years and is
|08/04/11||Cummins B3.3 Moves Forward to Tier 4 Final with a Particulate Filter-Only Solution|
|New Aftertreatment System Provides A Simple "Up Tier" Capability For 55- To 74-Horsepower Mechanical Engine
COLUMBUS, Ind., Aug 04, 2011 (BUSINESS WIRE) -- Cummins Inc. (NYSE: CMI) announced today that the mechanical B3.3 engine will move forward to meet Tier 4 Final emissions standards in 2013 with a particulate filter aftertreatment system developed specifically for use in compact equipment rated below 75 hp (56 kW). The new exhaust aftertreatment operates as an independent system to achiev... |
|07/26/11||Cummins Reports Record Second Quarter Results|
Raises full-year revenue guidance to $18 billion, EBIT to 14.5 percent
COLUMBUS, Ind., Jul 26, 2011 (BUSINESS WIRE) -- Cummins Inc. (NYSE: CMI) today reported record sales and earnings for the second quarter on strong growth in nearly every global market. The Company's Engine, Components and Distribution segments each delivered record sales and earnings.
Second quarter sales were $4.6 billion, up 45 percent from the same period last year. Earnings before interest and taxes (EBIT) were $77... |
|07/12/11||Cummins Inc. Increases Dividend by More Than 50 Percent|
|COLUMBUS, Ind., Jul 12, 2011 (BUSINESS WIRE) -- The Cummins Inc. (NYSE: CMI) Board of Directors today increased the Company's quarterly cash dividend on common stock by 52 percent to 40 cents per share from 26.25 cents per share.
The dividend is payable on Sept. 1, 2011 to shareholders of record on Aug. 22, 2011. Cummins last raised its dividend in July 2010.
"Cummins had its most profitable year in its history in 2010 and we expect that 2011 will be an even better year," said Cummins Chairm... |
|07/12/11||Tim Solso to Retire as Cummins Chairman and CEO|
President and COO Tom Linebarger to Assume Top Leadership Role
COLUMBUS, Ind., Jul 12, 2011 (BUSINESS WIRE) -- The Board of Directors of Cummins Inc. (NYSE: CMI) today announced the retirement of Tim Solso, 64, the Company's Chairman and Chief Executive Officer since 2000.
Solso will be succeeded by Tom Linebarger, Cummins President and Chief Operating Officer. Linebarger, 48, has been with Cummins 17 years, and was formerly President of Cummins Power Generation and served as the Company'... |
|06/10/11||Cummins to Add 600 Professional Employees in New Building in Downtown Columbus|
|COLUMBUS, Ind., Jun 10, 2011 (BUSINESS WIRE) -- In the latest sign of its growth and commitment to southern Indiana, Cummins Inc. (NYSE: CMI) today announced that it will add 600 new professional employees in a new office building in downtown Columbus.
The announcement is the third expansion project in southern Indiana announced by Cummins in the past year. Once the new building is filled, in 2013, Cummins will employ nearly 3,000 professionals in a two-block area of downtown Columbus, three t... |
|06/09/11||Cummins Inc. Media Advisory - June 10|
|Jun 09, 2011 (BUSINESS WIRE) -- Cummins Inc. will make a significant announcement involving the Company's Indiana operations at the new Commons community center in downtown Columbus Friday, June 10.
Cummins President and Chief Operating Officer Tom Linebarger will make the announcement on behalf of the Company. Also speaking at the event will be Indiana Gov. Mitch Daniels, U.S. Sen. Richard Lugar, U.S. Rep. Mike Pence and Columbus Mayor Fred Armstrong.
A short media availability will be offe... |
|05/27/11||Cummins Exceeds EPA Climate Leaders Goal; Achieves 28 Percent Greenhouse Gas Reduction|
|COLUMBUS, Ind., May 27, 2011 (BUSINESS WIRE) -- Cummins (NYSE: CMI) announced today that the company exceeded its 25 percent greenhouse gas (GHG) emissions reduction commitment upon completion of the U.S. Environmental Protection Agency's (EPA) Climate Leaders Program.
Companies in the Climate Leaders Program complete a corporate-wide inventory of their GHG emissions based on a quality management system, set aggressive GHG emissions reduction goals, and report their progress annually to the EP... |
|05/10/11||Cummins Poised for Period of Sustained Profitable Growth, Cummins Chairman and CEO Tim Solso Tells Shareholders|
Shareholders also re-elect Board, overwhelmingly approve executive compensation
Board declares quarterly dividend of 26.25 cents a share
COLUMBUS, Ind., May 10, 2011 (BUSINESS WIRE) -- Second bullet point in subhead of release should read: Board declares quarterly dividend of 26.25 cents a share (sted Board declares quarterly dividend of $26.25 cents a share).
The release reads:
CUMMINS POISED FOR PERIOD OF SUSTAINED PROFITABLE GROWTH, CUMMINS CHAIRMAN AND CEO TIM SOLSO TELLS SHAREHOLD... |
|05/02/11||Cummins QSK High-Horsepower Engines for the Oil and Gas Industry to
Meet Tier 4 Final with Integrated SCR Aftertreatment|
|New SCR Clean Exhaust System With Drop-In Installation SimplicityRevealed
At Opening Of Cummins Oil And Gas Center Of Excellence
HOUSTON, May 02, 2011 (BUSINESS WIRE) --Cummins Inc. (NYSE: CMI) announced today that the QSK Series of 19-liter
to 60-liter engines for oil and gas applications will move forward to
meet the EPA Tier 4 Final 2015 off-highway emissions with a combination
of clean in-cylinder combustion and integrated Selective Catalytic
|05/02/11||Cummins Takes QSK High-Horsepower Engine Range toTier 4 Final
with Integrated SCR Clean Exhaust System|
|SCR Aftertreatment Replaces Muffler With Drop-In Simplicity While
Clean Combustion Increases Fuel Efficiency
COLUMBUS, Ind., May 02, 2011 (BUSINESS WIRE) --Cummins Inc. (NYSE: CMI) announced today that the QSK high-horsepower
engine range will move forward to meet EPA Tier 4 Final off-highway 2015
emissions with a combination of clean in-cylinder combustion and a new
Selective Catalytic Reduction (SCR) clean exhaust system.
For most applications, the Tier ... |
|05/02/11||Cummins Center of Excellence for Oil and Gas Industry Opens in Houston|
|Two Centers of Excellence to Provide Integrated Power Packages for Oil and Gas Customers
HOUSTON, May 02, 2011 (BUSINESS WIRE) -- Cummins Inc. (NYSE: CMI) today announced the Cummins Oil and Gas Center of Excellence, a business launched to serve the needs of its growing oil and gas customer base. The Houston land-based center is located in a primary hub of engineering and technology for the oil and gas industry, and represents a significant investment by Cummins Inc. The Cummins Offshore Oil ... |
|04/29/11||Cummins Finalizes Sale of Exhaust Business to Global Tube as It Focuses on Emission Solutions Business|
|COLUMBUS, Ind., Apr 29, 2011 (BUSINESS WIRE) -- Cummins Inc. (NYSE: CMI) announced today that the sale of its exhaust business to Global Tube, a portfolio company of Wind Point Partners, a private equity firm headquartered in Chicago, Ill., has closed.
The sale was announced earlier this year and includes what were formerly Cummins exhaust operations in Stoughton, Arcadia, Black River Falls and Viroqua, all in Wisconsin, and in Scoresby, Australia and Daman, India.
The exhaust business was a... |
|04/26/11||Cummins Reports Strong Sales and Profits in First Quarter|
Company increases full-year guidance; now expects to earn 14% EBIT on $17 billion in sales
COLUMBUS, Ind., Apr 26, 2011 (BUSINESS WIRE) -- Cummins Inc. (NYSE: CMI) today reported sharply higher sales and earnings compared to the first quarter of 2010 on continued strength in key international markets, a recovering North American truck market and productivity improvements.
First quarter sales of $3.9 billion were up 56 percent from $2.5 billion in the same period in 2010. Earnings before i... |
|03/22/11||Cummins QSX15 Powers up to 675 hp for Tier 4 Final|
|Ultra-Clean Aftertreatment System Combines Cummins Particulate Filter With Selective Catalytic Reduction To Meet Near-Zero Emissions
LAS VEGAS, Mar 22, 2011 (BUSINESS WIRE) -- Cummins Inc. (NYSE: CMI) announced today that the QSX15 engine will move forward to meet near-zero emissions levels in 2014 with power output increased up to 675 hp (503 kW). The 15-liter Heavy-Duty engine was revealed at CONEXPO-CON/AGG to meet EPA Tier 4 Final and EU Stage IV emissions with an ultra-clean aftertreat... |
|03/22/11||Cummins Tier 4 Final QSL9 Revealed at CONEXPO|
|Ultra-Clean Aftertreatment System Combines Cummins Compact Catalyst With Selective Catalytic Reduction To Meet Near-Zero Emissions
LAS VEGAS, Mar 22, 2011 (BUSINESS WIRE) -- Cummins Inc. (NYSE: CMI) today revealed the latest generation of the QSL9 engine at CONEXPO-CON/AGG - capable of meeting near-zero emissions levels. This 9-liter engine achieves 2014 EPA Tier 4 Final and EU Stage IV standards with an ultra-clean aftertreatment system, combining the Cummins Compact Catalyst with Selective ... |
|03/10/11||Cummins Chairman and CEO Tim Solso Expected to Be Appointed to Presidential Advisory Board|
|COLUMBUS, Ind., Mar 10, 2011 (BUSINESS WIRE) -- Cummins Inc. (NYSE: CMI) today announced that Chairman and CEO Tim Solso is one of 10 business leaders expected to be appointed by President Barack Obama to the President's Management Advisory Board (PMAB). The PMAB was established in April 2010 to provide advice on how to implement best business practices to improve management and operation of the federal government.
The Board, chaired by the Deputy Director for Management of the Office of Manag... |
|02/25/11||Cummins Power Generation Extends Its Partnership with the U.S. Army|
Next generation mobile power generators offer improved fuel economy and reliability at lower cost
FRIDLEY, Minn., Feb 25, 2011 (BUSINESS WIRE) -- Cummins Power Generation, a business unit of Cummins Inc. (NYSE: CMI), today dedicated the production line for its newest line of mobile power generators for use by the U.S. Army.
The event marks the beginning of the third phase of the partnership between Cummins Power Generation (CPG) and the Army for production of CPG's Advanced Medium Mobile ... |
|02/24/11||Advisory: Cummins Power Generation Making Announcement at Fridley Plant|
|Feb 24, 2011 (BUSINESS WIRE) -- Cummins Inc. (NYSE:CMI):
WHAT: Announcement at Fridley plant regarding contract with U.S. Army affecting jobs, production
WHEN: 10 a.m. Friday, Feb. 25
WHERE: Cummins Power Generation plant, 1400 73rd Avenue North East, Fridley, Minnesota 55432
QUESTIONS: Contact Mark Land or Janet Williams (email@example.com)
About Cummins Inc.
Cummins Inc., a global power leader, is a corporation of complementary business units that design, manufacture, distri... |
|02/08/11||Cummins Announces $1 Billion Stock Repurchase Program; Declares
|COLUMBUS, Ind., Feb 08, 2011 (BUSINESS WIRE) --The Cummins Inc. (NYSE: CMI) Board of Directors today authorized the
Company to repurchase up to $1 billion in shares of common stock in a
move to provide increased shareholder value.
The program was approved in anticipation that the Company will soon
complete its current $500 million share repurchase plan approved by the
Board in December 2007.
The Board also approved a quarterly common stock cash dividend of... |
|02/02/11||Cummins Tier 4 Interim "Clear Advantage" on Display at CONEXPO-CON/AGG with 60-hp to 600-hp Lineup|
|COLUMBUS, Ind., Feb 02, 2011 (BUSINESS WIRE) -- Cummins Inc. (NYSE: CMI) will present one of the largest displays of Tier 4 Interim engines, exhaust aftertreatment and filtration products at CONEXPO-CON/AGG 2011. The Cummins display will feature a full lineup of the latest-generation 3.3-liter to 15-liter engines, ranging from 60-hp to 600-hp (45-447 kW).
Cummins Tier 4 Interim engines are delivering significantly higher fuel economy and improved engine response than their successful Tier 3 pr... |
|02/01/11||Cummins Reports Best Year in Company History in 2010; Expects to Earn
13.5 Percent EBIT on $16 Billion in Sales in 2011|
|COLUMBUS, Ind., Feb 01, 2011 (BUSINESS WIRE) --Cummins Inc. (NYSE: CMI) today reported record profits for all of 2010,
as well as record quarterly sales and profits for the fourth quarter, on
the strength of significant growth in key international markets and
improved productivity in its global manufacturing operations.
Fourth quarter sales were $4.14 billion, up 22 percent from $3.40
billion during the same period in 2009. Earnings Before Interest and
|01/25/11||Cummins Selling Exhaust Business to Global Tube as it Places Greater Emphasis on Key Emission Solutions Business|
|COLUMBUS, Ind., Jan 25, 2011 (BUSINESS WIRE) -- Cummins Inc. (NYSE: CMI) announced today that it has entered into an agreement to sell its exhaust business to Global Tube, a portfolio company of Wind Point Partners, a private equity firm headquartered in Chicago, Ill. The sale to Global Tube affects Cummins' acoustic exhaust operations in Stoughton, Arcadia, Black River Falls and Viroqua, all in Wisconsin, as well as in Scoresby, Australia and Daman, India.
Terms of the deal were not disclosed... |
Expiry Date :: May 4, 2007,
Publish Date :: May 4, 2006,
Author :: cb154,
Approver :: cb154