news

Cummins selected for Dow Jones sustainability World Index (2005-9-9)

Dow Jones has added Cummins Inc. to its Sustainability World Index of 2005, which represents the top 10 percent of the worlds largest 2,500 companies.Cummins says its addition to the index is a recognition of the company\'s economic, environmental and social leadership.The updated index will be unveiled at the opening of the equity markets on Sept. 19.Of its 28,000 employees nationwide, Cummins employs about 450 people in Memphis, where it makes and remanufactures diesel components and engines.Cummins is one of 44 global companies incluced in the World Index\'s industrial goods and services sector and only one of two U.S. companies added to that sector this year.Dow Jones considers several issues when reviewing a company for inclusion: corporate governance, codes of conduct, environmental policy and procedures and the scope of their application, environmental management systems, corporate citizenship and philanthropy, labor practices and employee development."Cummins strives to be a good steward of all… Continue reading

Caterpillar Inc. Announces Expiration of Exchange Offer (2005-9-9)

Caterpillar Inc. announced today the expiration of its offer to exchange new 5.30 percent debentures due September 15, 2035 (CUSIP No. 149123 BL4) for its 9.375 percent debentures due March 15, 2021, and its 8.00 percent debentures due February 15, 2023. The exchange offer expired at 5 p.m., New York City time, on September 8, 2005. As of the expiration date, $115,523,000.00 of the debentures due 2021 and $117,846,000.00 of the debentures due 2023 have been validly tendered and not withdrawn, and Caterpillar Inc. will accept all such debentures validly tendered and not withdrawn. Upon settlement of the exchange offer, Caterpillar Inc. will issue approximately $307,000,000 new 5.30 percent debentures due 2035. The settlement date is expected to be September 13, 2005.(Source:CAT-news) … Continue reading

Sany Heavy\’s construction machinery export powerfully (2005-9-9)

"This year\'s export sales is likely 4-5 times of last year",said Gao, the chief of Sany international department. Only from January to April, the export sales reached the totally of last year. And it is predicted this year\'s export sales will be US$ 50 million.Besides Sany, Xugong Group accumulatively achieved export for earning foreign currency US$40.72 million from January to June, increased by 174% compared with the same period last year, and exceeded full last years\' export. Guilin Liugong exported full machine 330 sets from January to July earning foreign currency US$15 million, increased by 167% and 135.7% respectively. And Anhui Folklift Group\'s export increased by 61.2% of these 6 months of this year compared with the same period last year. … Continue reading

IHISCE, a new power in construction machinery (2005-9-9)

IHISCE (Xiamen) Construction Machinery Co., Ltd. successfully completed plant building and equipment installation of production line, and meanwhile produced IHISCE 60N hydraulic excavator firstly made in China. As the new member of Xiamen construction machinery,HIHSCE (Xiamen) Construction Machinery Co., Ltd. was set up on October 22, 2004, a joint venture invested by IHI Construction Machinery Co., Ltd.,the world famous manufactory, and SCE in Xiamen. The plant mainly involves in production, sales and maintenance of IHI micromidi hydraulic excavators. This company introduced the advanced technology ofmicromidi hydraulic excavator from world famous IHI, in step with IHI\'s global technology development, with secure excellent quality and good after services.IHI\'s major products IHI micromidi hydraulic excavator features boom side swing and anury cyclotron. Its low trouble,low oil consumption, fexible and easy operation,durability and quality products are famous in the world, which sell well long time in Europe and America.IHISCE is powerful in the excavator market… Continue reading

Delphi To Provide Euro V Common Rail Systems To Hyundai-Kia (2005-9-10)

Delphi Corp. said it has been selected by Hyundai and Kia Motors have selected to supply Euro V diesel common rail system for two engine families. Delphi will supply the pump, injectors, rails and electronic control unit to help Hyundai-Kia meet Euro V emission standards. Further details of the contract were kept confidential at Hyundai-Kia\'s request. (Source:dieselpub) … Continue reading

Deere Product Engineering Center marks 50th anniversary. (2005-9-10)

What began as an "old tin shed" in rural Cedar Falls has evolved into the creative center for the best-selling tractors and agricultural equipment in the world.And it celebrates its 50th birthday today and Saturday.The John Deere Product Engineering Center marked its 50th anniversary of existence today and Saturday with a celebration for its current and former employees and their families.From the so-called "New Generation" of Deere tractors conceived in the mid 1950s, to the mammoth 8000 and 9000 series tractors of today, the PEC "has been a linchpin for the company\'s global expansion sustained profitability and ongoing growth," said Klaus Hoehn, Deere\'s director of worldwide tractor and component engineering.The PEC is Deere\'s largest engineering facility. "It is also the largest tractor and component engineering facility in the agricultural machinery business worldwide," company officials said."Unique in our industry and only at PEC, we have...the most advanced modeling and test laboratories, in… Continue reading

Cummins Inc. driving for profits in China (2005-9-12)

On a sweltering August morning, dozens of diesel freight trucks bound for Beijing sit on the mountainside off-ramps of the Badaling Freeway, where sweating drivers spray a cooling mist on brakes hot from the descent.Convoys of the big trucks roar past, carrying sacks of rice, stacks of celery and loads of fresh vegetables destined for the grocers and cafes that serve Beijing\'s 14 million residents.Long known for rickshaws and rice paddies, China today is characterized by machine tools and assembly lines, 300 million workers and a bustling freight-truck market that reaches all the way to Southern Indiana.Columbus diesel maker Cummins Inc., one of Indiana\'s oldest manufacturers, earns multimillion-dollar profits as a leading diesel supplier in China, producing engines in its Chinese joint-venture plants.Factory workers across Indiana and the United States fear exports from low-wage Chinese industries could wipe out their jobs.While exports do help drive the modern Chinese economy, the country… Continue reading

Qingling Motors teams up Isuzu in engine production (2005-9-12)

China\'s Qingling Motors Co. said Monday it has entered an agreement with Japan\'s Isuzu Motors Ltd. to establish a joint venture to produce truck engines and engine parts in China. Qingling, which is 20% owned by Isuzu, said the total investment of the joint venture will be at least CNY1.50 billion. Qingling will have a 50% stake in the company. In a statement, China\'s largest truck maker by sales said there is great demand for engines and their parts in the Chinese and overseas markets. The joint venture will produce new models of Isuzu engines in addition to existing ones, and will have a target annual production and sales volume of 175,000 engines. The company didn\'t say when it expects the joint venture to begin operations. In July, Isuzu raised its stake in Qingling to 20% from 6.9%. Isuzu has said stronger ties with the company would be vital for increasing… Continue reading

Foton\’s special auto program settled in Weifang, Shandong (2005-9-12)

Foton Heavy Industry and Kuiwen Area held a signatory ceremony on securing cooperation in Kuiwen Area. Wang Yuanbang, the member of the standing committee of Weifang and the Secretary of Kuiwen Area and Wang Jinfu, the General Manager of Foton Heavy Industry attended the signatory ceremony. Recently, the business of Weifang vehicle plant got quickly development, of which Five-star Triwheeled Auto shares increasingly market. To further expand business scale, according to Foton\'s stratigic planning, new mobile crane program will put in Kuiwen Area with totally RMB300 million investment on it. Be completed and put into production in 2006, and predicted sales RMB4 billion in 2010 while Foton\'s mobile crane will lead this industry. … Continue reading

Caterpillar Clean Diesel Engines Powering Next Generation Of Transit Buses In Cleveland, Ohio (2005-9-13)

Caterpillar Inc. today announced the company\'s clean diesel engines powered by ACERT® Technology will be the engine of choice in a new fleet of buses ordered by the Greater Cleveland Regional Transit Authority (RTA).The RTA will use the new clean diesel buses to take the place of older buses powered by compressed natural gas. "This is another strong signal that Caterpillar engines with ACERT Technology provide our customers with the reliability and durability they have come to expect from a Cat product while also offering emissions solutions in this application," said James J. Parker, Caterpillar vice president with responsibility for the Power Systems Marketing Division. The new fleet of buses will be manufactured by North American Bus Industries, Inc. (NABI) and will feature Caterpillar C9 engines. The Greater Cleveland Regional Transit Authority has exercised options to purchase 92 clean diesel buses from NABI."This is a great opportunity for NABI to once… Continue reading