MUNICH--(BUSINESS WIRE)--Apr. 11, 2016--
Tom Linebarger, CEO of Cummins Inc. (NYSE: CMI), and Tetsuji Ohashi, CEO
of Komatsu Ltd. today announced a global corporate responsibility
partnership to improve communities around the world. This partnership
will build on the companies’ already strong business relationship.
“For decades, Cummins and Komatsu have built a strong and growing
business relationship,” said Linebarger. “We share common goals and
aspirations for our respective businesses, as well as for the people
living in our communities. Using the strength of our employees’ skills,
our global presence and our strong business partnership, we can provide
opportunity to those most in need. This is a win for Cummins, a win for
Komatsu, but most importantly a win for our communities.”
"We share a common commitment to producing and supporting products in a
responsible manner, as well as to strengthening education and improving
opportunities for the people of the communities where we do business,”
Tetsuji Ohashi expressed. “A partnership that helps the people of our
communities will only make our business partnership stronger. It is with
great enthusiasm that Komatsu enters into this global collaboration with
a trusted partner like Cummins."
Komatsu and Cummins began discussing a global corporate responsibility
partnership a few years ago when they discovered a shared commitment to
education. Both companies have invested in technical education in their
communities. For example, Cummins Technical Education for Communities
(“TEC”) program is dedicated to closing the technical skills gap by
providing a standardized platform to help education partners develop
market-relevant curriculum, teacher training, career guidance and
practical work experiences that students need. Komatsu has developed
similar global education programs.
Corporate responsibility partnerships are important opportunities for
global companies because they leverage employee skills that are very
valuable to communities, and strong working relationships developed
through years of business partnership. Cummins and Komatsu have worked
closely together for decades to provide equipment in mining and
construction markets. Their relationship is a true partnership: Cummins
and Komatsu are customers, suppliers and joint venture partners to one
another. Building on this foundation, corporate responsibility
collaboration is a natural next step.
“Komatsu and Cummins share a belief that business plays a key role in
solving problems in the communities in which we work,” said Mary
Titsworth Chandler, Executive Director of Corporate Responsibility and
Chief Executive Officer of the Cummins Foundation. “We are pleased to
join Komatsu in these efforts, particularly in our mutual commitment to
education. Communities around the world are suffering from unemployment
and low wage work due to skill set disparities that place significant
pressure on families. We can help our communities improve their skills,
making a greater impact together than we would alone. We welcome
community collaboration with other companies to improve the lives of
people around the world.”
“With the combined experience of our teams, we are confident we can make
great progress addressing these challenges. We will share best practices
in corporate responsibility to improve the effectiveness of our
efforts,” said Kako Kurasawa, General Manager, CSR Department, Komatsu
Prior to formalizing this global relationship, Cummins and Komatsu
partnered in other community projects. In Australia, Komatsu and Cummins
signed a national agreement for TEC collaboration earlier this year and
are working on plans for five educational programs around the country.
In South Africa, Cummins, Komatsu and Schneider Electric plan to launch
a TEC program in 2016. In the United States, Komatsu and Cummins, along
with other partners including the State of Utah, launched the Diesel
Technicians Pathways Program in Salt Lake City. This vocational
education initiative includes two high school diesel programs as well as
a community college. Finally, in Peru, Komatsu-Mitsui Peru and Cummins
Peru have just launched a TEC partnership with a local school, SENATI,
in Arequipa focused on heavy duty machinery maintenance.
Both Cummins and Komatsu have previously partnered with other companies
to achieve greater corporate responsibility impact. In 2015, Cummins
formalized a global corporate responsibility partnership with Schneider
Electric, collaborating on TEC and energy access initiatives Komatsu
collaborates with various customers and stakeholders.
Representatives from both Cummins and Komatsu hope that this global
corporate responsibility collaboration will inspire other companies to
partner, using their skills and talents to improve access to opportunity
About Cummins Inc.
Cummins Inc., a global power leader, is a corporation of complementary
business units that design, manufacture, distribute and service diesel
and natural gas engines and related technologies, including fuel
systems, controls, air handling, filtration, emission solutions and
electrical power generation systems. Headquartered in Columbus, Indiana,
(USA) Cummins currently employs approximately 55,000 people worldwide
and serves customers in approximately 190 countries and territories
through a network of approximately 600 company-owned and independent
distributor locations and approximately 7,200 dealer locations. Cummins
earned $1.4 billion on sales of $19.1 billion in 2015. Press releases
can be found on the Web at www.cummins.com.
Follow Cummins on Twitter at www.twitter.com/cummins and
on YouTube at www.youtube.com/cumminsinc.
Komatsu Ltd. is a leading international manufacturer of construction and
mining equipment as well as industrial machinery. Headquartered in
Tokyo, Japan, Komatsu employs approximately 46,000 people around the
world. In the construction and mining equipment business, it operates 40
plants in 13 countries. Komatsu earned JPY 154 billion on sales of JPY
1,978 billion for FY2014. For more information, visit the company's
website at www.komatsu.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160411005905/en/
Source: Cummins Inc.
Jon Mills, 317-658-4540