Cummins Inc. (NYSE: CMI) is a corporation of complementary business units that design, manufacture, distribute and service diesel and natural gas 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 its customers through a network of more than 500 Company-owned and independent distributor locations and approximately 5,200 dealer locations in more than 190 countries and territories. Cummins reported net chirp income of $739 million on sales of $13 billion in 2007.
Today more than 51% of Cummins' business comes from operations outside of the United States. Part of Cummins model is to create partnerships with key players in foreign markets and they have done so recently in China and India.
History
Cummins is named after inventor-mechanic Clessie Cummins, who was one of the key players in the founding of the company. He was financially backed by investor William Irwin, starting in 1918, as he improved on existing diesel engine designs.
Subsidiaries/Business Units
Cummins Turbo Technologies (formerly Holset)
The Holset Engineering Co. was a British company that produced turbochargers, primarily for diesel and heavy duty applications. The company had its roots in 1948, when W. C. Holmes became interested in Louis Croset's flexible coupler design. The company started when Paul Croset was convinced to start up and manage the venture, which was based in Huddersfield, England. Holset as we know it came into existence in 1952 as a limited corporation, with the name coming from the first half of Holmes and the last half of Croset.
In 1973 the company was purchased by Cummins after briefly being owned by the Hanson Trust, and continued to expand for the next thirty years. 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 Filtration (formerly Fleetguard)
Cummins Filtration is headquartered in Nashville, Tennessee, USA and operates facilities in nine other countries around the world. The Filtration Business Unit of Cummins produces filtration products for the diesel and gas markets. Products include oil, fuel filter, coolant, and air filters. The division officially changed its name to Cummins Filtration but continues to brand products under the Fleetguard name.
Cummins Emission Solutions (formerly Nelson)
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 to be identified more closely with their parent company.
Cummins Power Generation (formerly Onan)
Power Generation Business Unit is Cummins' second-largest business segment. This business unit manufactures, sells and services power generation and related equipment, such as alternators, around the world for commercial and consumer use.
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