Cummins Announces Support for EPA Final Marine Engine Rule on Behalf of Engine Manufacturers Association
HOUSTON--(BUSINESS WIRE)--
Cummins Inc. (NYSE:CMI), on behalf of the Engine Manufacturers Association (EMA) today affirmed the industry's support of the U.S. Environmental Protection Agency's Final Marine Engine Rule. Geoff Conrad, Cummins General Manager - Marine, made the announcement today at a press conference hosted by the EPA.
The Final Marine Engine Rule is intended to reduce emissions from diesel-fuelled engines installed in marine vessels and locomotives. The legislation completes a series of national emissions standards that apply to diesel engines used for a range of major applications.
Due to the unique installation requirements of both marine and locomotive applications, as well as the resources and infrastructure in place to service these markets, Cummins and the EMA worked closely with the EPA on the development of the legislation and its implementation schedule.
Industry experts and marine designers were enlisted to perform a thorough analysis of the ruling's impact on both the design and operation of a vessel to ensure the industry could continue to operate while achieving a meaningful reduction of emissions.
"With the implementation of this rule, clean diesel is no longer an oxymoron, but a proven, efficient, cost-effective and clean technology that powers our nation's economy," Conrad said. "This rule establishes difficult stretch goals for the industry, but we are prepared to meet the challenge."
Cummins is widely recognized as a knowledge provider on emissions legislation and regulatory affairs to the industries it serves. Over the next few years, the Company will be focused on educating marine and locomotive equipment manufacturers, key suppliers and, most importantly, operators to ensure a broad understanding of the impacts and the importance of compliance to this ruling.
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 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 $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 March 14, 2008