Cummins Announces Opening of First Technical Center in China.WUHAN, China -- Cummins Inc. (NYSE NYSE See: New York Stock Exchange :CMI (Computer-Managed Instruction) Using computers to organize and manage an instructional program for students. It helps create test materials, tracks the results and monitors student progress. ) further strengthened its engine research and development capability in China by officially opening its first technical center in central China's Wuhan City today. The East Asia East Asia A region of Asia coextensive with the Far East. East Asian adj. & n. Technical Center, a 55-45 joint venture between Cummins Inc. and Dongfeng Cummins Engine Company Limited (DCEC DCEC Defense Communications Engineering Center (US DoD) ), will provide engineering and technical development services for the full range of Cummins products built in China, including diesel and natural gas engines, power generators, turbochargers and filtration products. DCEC is a 50-50 joint venture between Cummins and China's Dongfeng Motor Corporation Dongfeng Motor Corporation (Simplified Chinese: 东风汽车公司; Traditional Chinese: 東風汽車公司 (DFM DFM Design for Manufacturing (newsletter) DFM Design for Manufacturability DFM Dubai Financial Market DFM Delphi Form (computer filename extension) DFM Distinguished Flying Medal DFM Diesel Fuel Marine ). "As a global leader in the diesel industry, Cummins operates 16 technical centers around the world." said John Wall, Cummins' Chief Technical Officer. "And today we are pleased to welcome our 17th member into Cummins global technical network. The establishment of the East Asia Technical Center once again demonstrates Cummins commitment to China, to global engineering and to our growing partnership with Dongfeng." As the fourth joint venture between Cummins and Dongfeng, one of China's Top Three automakers, the East Asia Technical Center further expands the 20-year partnership that has already yielded one engine factory (DCEC) and one exhaust system Noun 1. exhaust system - system consisting of the parts of an engine through which burned gases or steam are discharged exhaust automobile engine - the engine that propels an automobile plant (Xiangfan Exhaust), as well as one filter company (Shanghai Fleetguard). John Watkins, President of Cummins East Asia, commented, "The East Asia Technical Center is crucial to our future growth in China because it enables Cummins and Dongfeng to respond to the engineering and product needs of local and international customers better, quicker and with less cost." "The grand opening of the Technical Center is a historic moment in the two-decade partnership between DFM and Cummins." said Mr. Zhu Fushou, General Manager of Dongfeng Automobile Company Dongfeng Automobile Company, Ltd. (DFAC) is a subsidiary of Dongfeng Motors, Ltd and is 30% publicly held. It makes light trucks and automobiles for the Chinese market. It also makes diesel engines in a 50/50 joint venture with Cummins, Inc. known as Dongfeng Cummins Engine Co. Ltd (DCEC). Limited (DFAC DFAC Dining Facility (US DoD) DFAC Dunedin Fine Art Center (Florida, USA) DFAC Drag Free Attitude Control DFAC Dining Facilities Administration Center ). "It shows our strategic cooperation has continuously evolved from licensing products to joint venture manufacturing to joint technical development." The East Asia Technical Center will provide product development, emissions testing, customer application engineering and more, allowing Cummins and DCEC to tailor and develop products for the China market. The Center also allows both companies to better support future emissions standards for engines produced in China. A series of projects has already started in the Technical Center, including the development of new 13-liter engine platform for DCEC. About Dongfeng Automobile Company Limited (DFAC) DFAC is a joint-stock company joint-stock company A rare type of business organization characterized by some features of a partnership and some features of a corporation. Shares are transferrable and the company is assessed taxes according to corporate tax rates. solely incorporated by DFM, and was founded through public placement in 1999. It owns one each of the following subsidiaries - automobile, diesel engine, casting and sales, and 50 percent of the shares of DCEC. About Cummins Cummins Inc., a global power leader, is a corporation of complementary business units that design, manufacture, distribute and service engines and related technologies, including fuel systems, controls, air handling, filtration, emission solutions and electrical power generation systems. Headquartered in Columbus, Indiana, (USA) Cummins serves customers in more than 160 countries through its network of 550 Company-owned and independent distributor facilities and more than 5,000 dealer locations. Cummins reported net income of $550 million on sales of $9.9 billion in 2005. Press releases can be found on the Web at www.cummins.com. Information provided and statements on the webcast and in this release that are not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995, including statements regarding the company's expectations, hopes, beliefs and intentions on strategies regarding the future. It is important to note that the company's actual future results could differ materially from those projected in such forward-looking statements because of a number of factors, including, but not limited to, general economic, business and financing conditions, labor relations, governmental action, competitor pricing activity, expense volatility and other risks detailed from time to time in Cummins Securities and Exchange Commission filings. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion