Cummins Celebrates Production of 1 Millionth Engine at its Jamestown Engine Plant
LAKEWOOD, N.Y.--(BUSINESS WIRE)--
Cummins Inc. (NYSE:CMI) today celebrated the production of its 1 millionth engine with a ceremony that included company executives, employees, key customers and local, state and federal officials.
The engine, a 15-liter ISX diesel engine that originally was ordered by PACCAR's Kenworth Truck division, will be kept on display at the Company's Jamestown Engine Plant (JEP). The plant, which was established in 1974, is the sole manufacturer of heavy-duty Cummins engines in North America, following the consolidation of the Company's heavy-duty engine production in 2002, and is one of the Company's largest manufacturing facilities.
"I am honored to say I have been on hand for a number of these production milestones," said Jim Kelly, President - Engine Business and former JEP Plant Manager. "I am very fond of the people who work at this facility and am extremely proud of the outstanding work being done here.
"Over the past two years, Cummins has become the undisputed leader in the North American heavy-duty truck engine market because we consistently produce the cleanest, most dependable and fuel efficient engine on the market. The credit for much of that goes to the hard-working employees at the Jamestown Engine Plant."
For all of 2007, Cummins earned a 38 percent share of the Class 8 heavy-duty engine market, and has been gaining share steadily since the introduction of its 2007 EPA-compliant engine. Cummins' share of the Class 8 market averaged 43 percent for the 10-month period through January 2008. The engine builds on the Company's proven cooled-EGR technology, which has been well-received by customers since its introduction in 2002.
JEP began engine production in 1978 and celebrated production of its 100,000 engine in 1989. By comparison, it took only 2 1/2 years for the Company to go from producing its 750,000th engine to today's milestone.
JEP employs more than 1,300 people, making it the largest private employer in Chautauqua County. Further expansion is planned to create additional manufacturing capacity at the plant.
Today's celebration included gifts for employees and speeches from Kelly; Dana Vogt, General Manager - Heavy-Duty Operations and former JEP Plant Manager; and current JEP Plant Manager Matt McQueen. The Company also received letters of congratulations from state and federal elected officials, including New York Sen. Hilary Clinton, who was on hand for the ceremony commemorating the 750,000th engine and who has been supportive of Cummins' efforts on a number of emissions-related issues.
"I was proud to be here with all of you in 2005 to celebrate the production of the 750,000th engine," Sen. Clinton wrote in her congratulatory letter. "It is a significant tribute to the employees of Cummins that this milestone was achieved in such an accelerated period. Your continued success since consolidation in 2002 has added more than 500 jobs, greatly enhancing the economic strength of the Southern Tier.
"Your economic success also comes with exemplary environmental responsibility and leadership. You are committed to meeting tighter emissions standards in the U.S. and around the world, and in doing so, display your leadership in helping move us toward a more sustainable future."
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 31, 2008