Cummins Emission Solutions to Reduce Workforce at Mineral Point
MINERAL POINT, Wisc.--(BUSINESS WIRE)-- Cummins Emission Solutions (CES), a subsidiary of Cummins Inc. (NYSE: CMI), announced today it is reducing its Mineral Point Plant workforce by approximately 100 employees effective immediately due to the downturn in the North America truck on-highway market it serves.
"It's unfortunate we have to take this action. Despite our strong market position, like many companies we are experiencing the effects of the ongoing economic downturn, which has had a negative impact on our business," said Nitya Rao, CES Mineral Point Plant Manager
The Mineral Point facility predominantly manufactures diesel particulate filters for emission control systems that help North American trucks meet the current emissions regulations. The use of CES filters reduces soot and particulate matter by more than 90 percent.
Mineral Point, which is located in the southwestern part of the state, currently employs 480 employees.
"Cummins Emission Solutions remains well positioned to respond when the market rebounds," said Dan Davis, General Manager of CES North America Business. "Products like ours are critical in meeting the increasingly stringent emissions standards being implemented globally."
About Cummins Emission Solutions
Cummins Emission Solutions is a leading global designer, integrator, manufacturer and distributor of exhaust aftertreatment systems and components for the on- and off-highway medium duty, heavy duty and high horsepower engine markets. With key operations in Indiana, Wisconsin, the United Kingdom and South Africa, Cummins Emission Solutions products serve both original equipment manufacturers first-fit and retrofit customers.
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 approximately 190 countries and territories through a network of more than 500 company-owned and independent distributor locations and approximately 5,200 dealer locations. Cummins reported net income of $739 million on sales of $13.05 billion in 2007. Press releases can be found on the Web at www.cummins.com.
Forward-looking disclosure statement
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.
Source: Cummins Inc.
Released December 18, 2008