Cummins Inc. Awarded 2002 PACCAR Cost Management Partnership Award.Business Editors COLUMBUS Columbus. 1 City (1990 pop. 178,681), seat of Muscogee co., W Ga., at the head of navigation on the Chattahoochee River; settled and inc. 1828 on the site of a Creek village. , Ind IND Investigational new drug Therapeutics A status assigned by the FDA to a drug before allowing its use in humans, exempting it from premarketing approval requirements so that experimental clinical trials may be conducted. See Phase 1.2, 3 studies, Sponsorship. .--(BUSINESS WIRE)--April 15, 2003 Cummins Inc. (NYSE NYSE See: New York Stock Exchange :CUM) announced today that it has been awarded the 2002 PACCAR PACCAR Pacific Car and Foundry Company (former railroad car manufacturer now parent corp of Peterbilt & Kenworth Truck) Cost Management Partnership (CMP CMP (cytidine monophosphate): see cytosine. (1) (CMP Media LLC, Manhasset, NY, www.cmp.com) Part of United Business Media, CMP is a leading integrated media company that offers a wide variety of publications and services in the information ) award. The award recognizes suppliers for innovative and efficient cost reduction ideas that benefit PACCAR, their suppliers and their common customers. Cummins is the only engine supplier to ever receive this exclusive award. Tom Lundahl, Vice President of PACCAR Purchasing, presented the award recently at an all-employee meeting at Cummins Jamestown Engine Plant. PACCAR specifically recognized the accomplishments of the Cummins team for the smooth consolidation of assembly and test operations in the heavy-duty segment of Cummins business. "The consolidation was done in an incredibly short time span while maintaining very high quality standards," said Lundahl to a group of Cummins employees. CMP is a process used by PACCAR and PACCAR suppliers to jointly achieve cost reductions. Suppliers are challenged to work with PACCAR to find ways to reduce the total life cycle cost of their product, including design changes, adjustments to the assembly process at either the supplier or PACCAR's factories, or creative marketing programs that directly impact the end-customer. At the end of the each year, PACCAR reviews the accomplishments made by its supply base and determines which suppliers best deserve the CMP award. Cummins Account Executive, Tom Hodek and Jamestown Plant Manager Ignacio Garcia were on hand to accept the award on behalf of Cummins. "We are thrilled thrill v. thrilled, thrill·ing, thrills v.tr. 1. To cause to feel a sudden intense sensation; excite greatly. 2. To give great pleasure to; delight. See Synonyms at enrapture. to accept this award," said Hodek. "Cummins and PACCAR have worked hard to provide high quality products at the lowest cost for our customers and will continue to work together for this common cause in the future." 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 filtration: see sewerage; water supply. Filtration The separation of solid particles from a fluidsolids suspension of which they are a part by passage of most of the fluid through a septum or membrane that retains most of the solids , emission solutions and electrical power generation systems. Headquartered in Columbus, Indiana Columbus (IPA: [kəˈlʌm.bəs]) is the county seat of Bartholomew County, Indiana. The population was 39,059 at the 2000 census. The current mayor is Fred Armstrong. , (USA) Cummins serves its customers through more than 500 company-owned and independent distributor locations in 131 countries and territories. With 23,700 employees worldwide, Cummins reported sales of $5.9 billion in 2002. Press releases by fax can be requested by calling News On Demand (toll free) at 888-329-2305. The Cummins home page can be found at www.cummins.com. |
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