Cummins Celebrates 40 Years in China

Beijing

On June 8, under the theme of “Unleashing the Richness of 40 Years, Break Forth to the New Normal,” Cummins representatives and key stakeholders met in Beijing to celebrate Cummins China’s 40th anniversary.

Cummins China 40th Anniversary 3 Cummins Chairman and CEO, Tom Linebarger, makes remarks during the Cummins China 40th anniversary celebration held in Beijing

 

Leaders from all of Cummins’ joint venture partners in China were present at the milestone event, including Dongfeng Motor (partner for Dongfeng Cummins engine JV), Foton Motor (partner for Foton Cummins engine JV), LiuGong (partner for Guangxi Cummins engine JV), Chongqing Machinery and Electric (partner for Chongqing Cummins engine JV), Shaanqi (partner for Xi’an Cummins engine JV), Wuxi Power (partner for Wuxi Turbo Technologies JV), Valvoline (partner for Shanghai Cummins Valvoline JV), Tianyuan (partner for Cummins Tianyuan Telematics JV), Kanghao (partner for Cummins Power Technologies JV), and Jardine (partner for Cummins Jardine Energy Solution JV).

1975-1979: Cummins Dares to Be the First

In 1972, U.S. president Richard Nixon helped rebuild the relationship between China and the United States by becoming the first U.S. president to visit the country since 1949. Three short years later, China Heavy Machinery Import and Export Corporation imported Cummins-powered heavy duty trucks for Iron mine in Benxi.

To satisfy the needs of the customers, the then Cummins Chairman Irwin Miller came to China as one of the earliest American Entrepreneurs seeking cooperation with China. His trip to China laid a solid foundation for Cummins footprint in the China market. In 1979, Cummins set up its first China Office in Beijing and became one of the earliest multinationals establishing entities in China.

"The past 40 years were nothing short of an amazing transformation for China, and Cummins was able to capture the growth momentum hand-in-hand with our great partners..."

Cummins China 40th Anniversary 2During the 40th anniversary celebration event, JV partners joined Tom Linebarger, Cummins Chairman and CEO, and Steve Chapman, Cummins Group Vice President for China and Russia, on the main stage to participate in a ceremonial “button pushing” that triggered a digital display symbolizing the future of Cummins China and its partners. The significance of the anniversary was captured in remarks made by Linebarger during the celebration.

“The past 40 years were nothing short of an amazing transformation for China, and Cummins was able to capture the growth momentum hand-in-hand with our great partners,” Linebarger said. “The partnerships we have forged in China are unmatched, both because of the excellence of the companies that we are fortunate to call our partners and the strength and openness of our relationships. I have every confidence that these partnerships will continue to drive our joint success in the future.”

Today, Cummins’ business in China has grown to nearly $4 billion, making the company one of the leading engine manufacturers in the country.

“All these remarkable achievements are only possible through collective efforts of more than 9,000 Cummins people who have helped broaden our product line across all segments of the business, bring innovative technologies at competitive cost and provide strong customer support everywhere and every time,” added Chapman.

Cummins leaders used the anniversary celebration to emphasize their continued confidence in the company’s future in China. As China’s economy embarks on the the “New Normal,” which points to mild economic growth and an industrial transformation, Cummins’ long-term partnerships, innovative spirit and deep understanding of customers’ needs position the company to play a key role in the country’s industrial upgrade and transformation.

Additional Resources

In the YouTube video below, go inside the Beijing Foton Cummins Engine Company (BFCEC) plant - one of the newest and most advanced Cummins engine plants to date.

Michael Nagel - Cummins Inc

Michael Nagel

Michael Nagel is the Leader - Global Brand at Cummins Inc. As a member of the external communications team at Cummins, he has more than 15 years of digital communications and traditional public relations experience, with a focus on digital communications, corporate brand and content marketing. Michael earned his B.A. from the Indiana University School of Journalism - Indianapolis and currently resides in Indianapolis. 

Cummins India Limited Results for the quarter ended June 30, 2022

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Pune, India: Cummins India Limited (NSE: CUMMINSIND) The Board of Directors of Cummins India Limited (CIL), at their meeting held today, reviewed and approved the financial results for the quarter ended June 30, 2022. 


Performance Highlights (based on standalone financial results) for the quarter ended June 30, 2022:
 

•    Total Sales for the quarter at ₹ 1,657 Cr. increased by 42% compared to the same quarter last year and by 13% compared to the previous quarter.
•    Domestic sales at ₹ 1,172 Cr. increased by 36% compared to the same quarter last year and by 12% compared to the previous quarter.
•    Exports Sales at ₹ 485 Cr. increased by 58% compared to the same quarter last year and by 14% compared to the previous quarter.
•    Profit before exceptional items and tax at ₹278 Cr. is higher by 63% compared to the same quarter last year and higher by 14% compared to the previous quarter.
•    Profit before tax at ₹264 Cr. is lower by 13% compared to the same quarter last year and higher by 8% compared to the previous quarter.
 

Ashwath Ram, Managing Director, Cummins India Limited, said: 
 

The new fiscal year started positively with strong demand from most end markets. GST monthly collections, higher highway construction annual targets, and increased consumption of petroleum products reaffirms the strength of underlying trade activities. Geopolitical risk, high inflation, and supply chain disruptions continue to pose challenges. Cummins India can effectively meet demand despite these issues due to its integrated supply chain management with a global network. While we effectively deal with challenges and closely monitor any potential impact of rising interest rates on the demand, we remain optimistic about the short to medium-term demand outlook. 

Future Outlook:
 

The company believes that the strong demand from various end markets may likely sustain. At the same time, high inflation and supply chain issues will, in all probability, continue to impact the industry. The company, being part of the globally integrated supply chain, is well positioned to manage parts supplies to mitigate the impact on revenue and profitability. We are closely monitoring the result of the geopolitical events unfolding in different parts of the world and their impact on global demand and supply chain. Considering the uncertainty, the company will not provide any guidance for FY 23.
 


About Cummins India Limited 


Cummins India Limited, part of the Cummins Group in India, is headquartered in Pune since 1962 and is the country's leading manufacturer of diesel and natural gas engines for power generation, industrial and automotive markets. Cummins India Limited has a country-wide network of 20 dealerships with over 450 service points that provides products, services, and after-market solutions for uptime of Cummins equipment and engines to customers in India, Nepal, and Bhutan. 
 

About Cummins Group in India:
 

Cummins in India, a power leader, is a group of complementary business units that design, manufacture, distribute, and service engines and related technologies, including fuel systems, air handling, filtration, emission solutions, and electrical power generation systems. Its technology and pioneering initiatives are bringing innovative solutions and dependable services at the best possible value to users across the country. Its high-performance outlook is based on customer focus, integrity, and capability of its people. Part of the $19.8 billion Cummins Inc. USA. Cummins in India is a Group of seven legal entities across 200 locations in the country with a combined turnover of ₹17,900 crores in 2021 and employing over 10,000 individuals. Learn more at cummins.com.

Cummins salutes its star dealers in U.K. and Ireland for their exceptional performance

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Cummins, a global power leader, has bestowed prestigious awards to three of its dealers in the UK and Ireland.

The trio – Vasi Southern Ltd, Universal Components UK Ltd and CSL Power Systems Ltd – were recognised for their outstanding focus on customer satisfaction and for delivering exceptional performance and results.

Relating to the 2021 calendar year, the awards cover a period when the UK and Irish economies were still coming to terms with the disruption caused by the Covid pandemic.

Customers of Cummins, spread across a variety of business sectors, looked to their local dealer to provide the continuity of service that was essential if they were to trade through the toughest of times.

All three Cummins award winners demonstrably went above and beyond what their customers were expecting.

Vasi Southern Ltd is an approved parts and service dealer based in the port city of Southampton. It specialises in marine engines and Onan generator sets. The company won the same award in 2020 and its back-to-back success was down to a commitment to increasing revenue and achieving all of its key performance targets.

Simon Green – Vasi Southern Ltd
Simon Green – Vasi Southern Ltd

Universal Components UK Ltd is an approved parts dealer based in Barnsley, South Yorkshire. In 2021, it achieved the highest sales growth by any dealer within the Cummins UK and Ireland network. Its strategic stockholding meant the business could ride out supply challenges while continuing to target new markets and geographical locations.

Rick Lewis & Stuart Ponsonby – Universal Components
Rick Lewis & Stuart Ponsonby – Universal Components

CSL Power Systems Ltd, based in Kent with additional resource availability nationwide is an approved Power Generation sales and service dealer. The company is a specialist in the installation and maintenance of industrial generator sets, including units for banks and commercial buildings.

Kurt Gozzett & Todd Trent – CSL Power Systems
Kurt Gozzett & Todd Trent – CSL Power Systems

As well as achieving all its key performance targets, CSL Power Systems Ltd demonstrated a clear desire to grow its operations, proactively promoting the Cummins product.

Graham Cook, Cummins’ Dealer Manager for UK and Ireland, praised the award-winning dealers for their commitment, commenting: “Our authorised dealers throughout the UK and Ireland form an integral part of our sales network. Vasi Southern, Universal Components and CSL Power Systems demonstrated their commitment and capabilities through 2021, further strengthening the channel, maximising profitable aftermarket growth, and delivering excellent customer support.

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