|Traded as||NYSE: CMI
S&P 500 Component
|Founders||Clessie Lyle Cummins|
|Headquarters||Cummins Corporate Office Building
500 Jackson Street
Columbus, Indiana, U.S.
|Key people||Tom Linebarger, Chairman & CEO
Pat Ward, Vice President & CFO
|Products||Engines, Filtration, Power Generation, Turbo Technologies|
|Revenue||$17.3 billion USD (2012)|
|Net income||$1.64 billion USD (2012)|
|Total assets||$12.5 billion USD (2012)|
|Total equity||$6.6 billion USD (2012)|
Cummins Inc. is a Fortune 500 corporation that designs, manufactures, and distributes engines, filtration, and power generation products. Cummins also services engines and related equipment, including fuel systems, controls, air handling, filtration, emission control and electrical power generation systems. Headquartered in Columbus, Indiana, United States, Cummins sells in approximately 190 countries and territories through a network of more than 600 company-owned and independent distributors and approximately 6,000 dealers. Cummins reported net income of $1.64 billion on sales of $17.3 billion in 2012.
- 1 History
- 2 Business Units
- 3 Subsidiaries
- 4 See also
- 5 References
- 6 External links
The Cummins Engine Company was founded in 1919 by namesake Clessie Cummins, an Indiana mechanic. The Columbus, Indiana company focused on developing the engine invented 20 years earlier by Rudolf Diesel, but in spite of several well publicized endurance trials, it was not until 1933 that they introduced the successful Model H, used in small railroad switchers. In the post WWII U.S. road building boom Cummins, with their N Series engines, became the leader in heavy duty truck engines, from 1952 to 1959 they had more than half the market. In the 1960s the company opened an assembly plant in Shotts, Scotland. By 2013 they had operations in 197 countries and territories.
Cummins Engine Business
Cummins Engine Business Unit consists of Aftermarket support, Mid-Range, Heavy-Duty, and High-Horsepower Engines. Cummins manufactures and markets a complete line of diesel and natural gas-powered engines for on-highway and off-highway use. Its markets include heavy-and medium-duty truck, bus, recreational vehicle (RV), light-duty automotive and a number of industrial uses including, construction, mining, marine, oil and gas, railroad and military equipment.
For the general public, the most visible Cummins product may be the 5.9-liter in-line six-cylinder engine used in the Dodge Ram light duty pickups starting in 1989. In 2007, a 6.7-liter version of the Cummins straight six engine became optional on the RAM pickup. In 2008, Cummins was a named defendant in a class action suit related to 1998-2001 model year Chrysler Dodge Ram trucks, model 2500 or 3500, originally equipped with a Cummins ISB 5.9 liter diesel engine built using a pattern 53 Block. The case has been settled, but some qualified Chrysler owners may receive $500 for repairs to the block, which was alleged to crack and create a coolant leak.
In April 2013, Cummins utilized technology developed by Westport Innovations to begin shipping large natural gas fueled engines to truck manufacturers in the United States as trucking companies began converting portions of their fleets to natural gas and the natural gas distribution network in the United States began to expand.
Cummins Power Generation Business (formerly Onan)
Cummins Power Generation Business Unit consists of Alternators, Automatic Transfer Switches, Commercial Power Systems, Consumer Systems, Engines, and Paralleling Systems. Cummins is a global provider of power generation systems, components and services in standby power, distributed power generation, as well as auxiliary power in mobile applications to meet the needs of a diversified customer base.
Cummins Component Business
Cummins Component Business Unit consists of Emission Solutions, Filtration (Fleetguard), Fuel Systems, and Turbo Technologies (Holset). With regards to Turbo Technologies, Cummins designs and manufactures turbochargers and related products, on a global scale, for diesel engines above 3 liters. In regards to Emission Solutions, Cummins develops and supplies catalytic exhaust systems and related products to the medium-and heavy-duty commercial diesel engine markets. In regards to Filtration, Cummins designs, manufactures and distributes heavy-duty air, fuel, hydraulic and lube filtration, chemicals and exhaust system technology products for diesel and gas-powered equipment.
Cummins Distribution Business
Cummins Distribution Business consists of Engine and Power Generation Distribution as well as Service and Parts. The distribution unit of Cummins consists of 17 Cummins owned distributors and 10 joint ventures, covering 90 countries and territories through 233 locations.
Cummins Turbo Technologies
In 1973 the company was purchased by Cummins after briefly being owned by the Hanson Trust. Holset now operates facilities in China, India, Brazil, the Netherlands, the United Kingdom, and the United States.
In 2006, the division officially changed its name to Cummins Turbo Technologies to be identified more closely with its parent company. The turbocharger products still use the Holset brand name.
Cummins Power Generation
In 1986, Cummins began acquisition of Onan and completed it in 1992. Since then, Onan has evolved into Cummins Power Generation, a division of Cummins. The Onan name continues to be used for modern versions of their traditional engine-driven generators for RV, marine, commercial mobility, home standby, and portable use.
Cummins Emission Solutions
Exhaust and emissions after-treatment company Nelson Industries was purchased in 1999, due to the increasing importance of exhaust after-treatment systems for meeting future emissions standards. The division officially changed its name to Cummins Emission Solutions, in order to be identified more closely with their parent company.
- Cummins Corporate Office Building
- Cummins UK
- LiuGong Guangxi Cummins Industrial Power Co., Ltd.
- Tata Motors
- Dongfeng Automobile Company Limited
- J. Irwin Miller
- Central Japan Railway Company
- "Fortune 500". CNN.
- "Fact Sheet". Cummins. Retrieved 10 May 2011.
- Wren, James A.; Wren, Genevieve (1979). Motor Trucks of America. Ann Arbor MI: The University of Michigan Press. p. 124. ISBN 0-472-06313-8.
- Pinkpank, Jerry A (1973). The Second Diesel Spotter’s Guide. Kalmbach Books. pp. 138, 189, 192. LCCN 66-22894.
- "About Cummins, our History, in words". Cummins, Inc. 2013. Retrieved 20 June 2013.
- Wren (1979), p. 232.
- "Cummins 5.9 and 6.7 liter inline six-cylinder diesel engines". Allpar.com. October 27, 2010.
- Pardue v. Cummins, Inc. et al, ED LA Case No. 08-1677
- Diane Cardwell; Clifford Krauss (April 22, 2013). "Trucking Industry Is Set to Expand Its Use of Natural Gas". The New York Times. Retrieved April 23, 2013.