Cummins recently received an order of 1,000 Euro IV diesel engines from Beijing Public Transport Holdings Ltd. (BPT), and 900 Euro III diesel engines from Hangzhou Public Transport Corporation (HZPT).
BPT's most recent order comes in addition to its purchase of 1,400 Cummins Euro IV diesels and 250 Cummins Westport (a joint venture of Cummins and Westport Innovations) Euro III natural gas engines in the second quarter of 2007. With this new order, Cummins and Cummins Westport, will power more than 14,000 BPT buses - over half of the transit agency's fleet.
The order of 900 Euro III diesel engines from HZPT marks an important breakthrough for Cummins in the large urban transit market in
"Our strategy in
Cummins in
Cummins is the largest foreign investor in the Chinese diesel engine industry. The Company's ties to the country date back to 1975 when then-CEO J. Irwin Miller led the first Cummins delegation to Beijing, making him one of the first American business leaders to seek opportunities in China.
Cummins began licensing its engine technology in
Consolidated and unconsolidated sales in
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
Information provided in this release that is not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act 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.
2024-07-16 10:09
2024-07-16 10:08
2024-07-16 10:06
2024-07-16 10:05
2024-07-05 15:02
2024-07-05 15:00
2024-07-05 14:59
2024-06-28 11:02
2024-06-28 11:01
2024-06-25 10:38