Cummins Secures Large Engine Order From Beijing Public Transport.COLUMBUS, Ind. -- 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. ) announced today that Beijing Public Transport Holdings Ltd. (BPT BPT Bridgeport (Connecticut) BPT Best Practicable Control Technology BPT Best Practicable Control Technology Currently Available BPT BP Prudhoe Bay Royalty Trust (stock symbol) BPT Boston Playwrights' Theatre ) has ordered 1,400 Cummins Euro IV diesel engines and 250 Cummins Westport Euro III compressed natural gas Compressed Natural Gas (CNG) is a substitute for gasoline (petrol) or diesel fuel. It is considered to be an environmentally "clean" alternative to those fuels. It is made by compressing natural gas (which is mainly composed by methane (CH4 engines to power transit buses A transit bus (also known as a commuter bus) in the United States is usually operated by an urban-suburban bus line, a governmental public transit agency, or a contractor. A transit bus is normally used on public transit routes. in China's capital city. With this order, Cummins and Cummins Westport, a joint venture of Cummins and Westport Innovations, will power more than 13,000 of BPT's 24,000-bus fleet. "This is the largest order of Euro IV diesels in the Chinese bus market," said Steve Chapman, Group Vice President - Emerging Markets and Businesses. "We are honored to have worked in partnership with BPT since 1998 by providing dependable and environmentally-friendly diesel and natural gas engines. These efforts will continue to contribute to the air quality improvement in Beijing." The order is part of BPT's ambitious fleet upgrade plan in advance of the 2008 Summer Olympic Games The Summer Olympic Games or the Games of the Olympiad are an international multi-sport event held every four years, organised by the International Olympic Committee. in Beijing. "With 13 factories now in China, Cummins continues to demonstrate its commitment to providing domestically-manufactured as well as imported options to meeting emissions and customer requirements," Chapman said. China began adopting European on-highway emission standards in 2001 and the countrywide environmental standard is now Euro II. Beijing leads the country in terms of emission compliance with Euro III being the current standard, and the capital city will move to Euro IV in 2008. Cummins is the largest supplier to China's nationwide Euro III/IV diesel bus engine market and is the largest supplier in the country's natural gas transit bus engine sector. About Beijing Public Transport (BPT) Beijing Public Transport (BPT) is a state-owned enterprise operating surface public transport in Beijing, and is one of the largest operators of compressed natural gas-powered vehicles in the world. BPT operates more than 24,000 vehicles of various types on 773 bus routes. Cummins in China Cummins is the largest foreign investor in the China diesel engine industry. The Company's ties to the country date back to 1975 when then-CEO J. Irwin Miller Joseph Irwin Miller (May 26 1909 — August 19 2004) was an American industrialist, patron of modern architecture, and lay leader in the Christian ecumenical movement and civil rights. led the first Cummins delegation to Beijing, making him one of the first American First American may refer to:
Cummins began licensing its engine technology in China in 1981 and formed its first joint venture in the country in 1995. Today, Cummins operates more than 20 facilities in China with more than 5,400 staff, 12 distributor locations, one regional R & D center and 13 manufacturing plants producing eight of the 14 Cummins engine families, turbochargers, filters, exhaust systems, fuel systems, alternators and gensets, with all areas of the Company's business represented in China. 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 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 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 $715 million on sales of $11.4 billion in 2006. Press releases can be found on the Web at www.cummins.com. Forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. disclosure Information provided in this release that is 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. |
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