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Website: http://www.cummins.com Cummins and its business units design, manufacture, distribute and service engines and related technologies, including fuel systems, controls, air handling, filtration, emission solutions and electrical power generation systems. Cummins engines can be found in a variety of industries, from oil rigs to boats, recreational vehicles, construction vehicles, military vehicles and Chrysler's Dodge Ram trucks. Cummins serves customers in approximately 190 countries and territories through a network of more than 500 Company-owned and independent distributor locations and 5,200 dealer locations. Cummins reported net income in 2009 of $428 million on sales of $10.8 billion, down 25% from 2008. Sales were down due to the global recession that has reduced demand. “Given the extraordinarily challenging economic climate throughout much of the year, we are extremely pleased with our financial results for both the fourth quarter and all of 2009,” said Cummins Chairman and Chief Executive Officer Tim Solso. “By taking decisive action early in the recession to bring our costs in line with real demand for our products, and through the hard work of all our people worldwide, we delivered as we promised in 2009: “We earned a solid profit during the deepest recession in decades and generated a significant amount of cash while continuing to invest in technologies and programs critical to our success.” History The Cummins Engine Company was incorporated on February 3, 1919. William Glanton "W.G." Irwin-a successful Columbus banker-investor who supported several local entrepreneurs-supplied the starting capital. The new company's namesake, Clessie Lyle Cummins, was a self-taught mechanic-inventor. The Irwins hired him in 1908 to drive and maintain their car, and later set him up in business as an auto mechanic. During World War I, Clessie operated a machine shop that thrived on government contracts. By then, he was convinced that an engine technology invented by Rudolph Diesel in the 1890s-while still unproven commercially-held great promise for its fuel economy and durability. To enter the business, Cummins secured manufacturing rights from a Dutch diesel licensor named Hvid. The first Hvid engines made by Cummins in 1919 were six-horsepower, four-cycle models used for stationary power. Like other diesel licensees, Cummins found the technology to be underdeveloped and unsalable. But with the assistance of a bright former Hvid engineer named H.L. Knudsen, Clessie began working on his own designs. He soon produced a pioneering single-disk fuel system. Benefits Here are some benefits offered to employees: - Paid Group Medical & Dental Insurance Updated February 2, 2010 |