Cummins Inc. Announces Expansion of Test Facilities
Company News Friday, December 2, 2011: Cummins Inc.
NORTH CHARLESTON, S.C. – Cummins Inc. (NYSE: CMI) announced today an investment of $24 million over three years to expand the research and development capabilities at its technical center in North Charleston, S.C.
The Cummins Technical Center will be capable of running a variety of engines and test a wide range of fuels. Plans call for hiring 31 new engineers, mechanical technicians and electrical technicians immediately with more potential hires in the future.
“The expansion nearly doubles capacity at this site with state-of-the-art facilities to enable testing on diesel, pipe line natural gas and non standard gas engines and help the Company in its drive to be the innovation leader in the industry,” said Jim Trueblood, Vice President – High Horsepower Engineering. “We are excited to be able to partner with the State of South Carolina and expand our testing facilities right here in North Charleston.”
“A package put together by state and local officials, access to a skilled workforce and community amenities capable of drawing skilled workers in the future all played an important role in our decision,” said Gary Johnson, Operations Manager, Cummins Technical Center, “Having a company facility that could be renovated was an important factor as well.”
Representatives of Charleston County and the City of North Charleston participated in today’s announcement. “As one of Charleston County’s most long-standing corporate citizens, Cummins has been a major employer in our community for the past 30 years,” said Teddie Pryor, Chairman of Charleston County Council.
“This exciting news concerning the growth of the Technical Center in North Charleston is a gratifying testimonial to the company’s faith in our workforce,” Pryor added.
North Charleston Mayor Keith Summey said: “We thank Cummins Technical Center for their continued commitment to doing business in North Charleston. Cummins’ research and development facility is a catalyst to our advancing high tech economy.”
The Charleston Regional Development Alliance hosted the event. “Smart companies like Cummins are using innovation as a key driver of economic growth and we’re pleased to celebrate their continued investment in our community,” said CRDA Chairman R.M. Singletary.
Cummins is proud to be a valued employer and partner in the Charleston area and we look forward to continuing our relationship with the City of Charleston, Charleston County and the State of South Carolina.
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 employs approximately 40,000 people worldwide and serves customers in approximately 190 countries and territories through a network of more than 600 company-owned and independent distributor locations and approximately 6,000 dealer locations. Cummins earned $1.0 billion on sales of $13.2 billion in 2010. Press releases can be found on the Web at http://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.
