Profile: Cummins Inc (CMI.N)
7 Mar 2014
Cummins Inc. is a diesel engine manufacturer. The Company designs, manufactures, distributes and services diesel and natural gas engines, electric power generation systems and engine-related component products, including filtration, exhaust aftertreatment, fuel systems, fuel systems, controls systems, air handling systems and electric power. The Company sells its products to original equipment manufacturers (OEMs), distributors and other customers worldwide. It serves its customers through a network of more than 600 company owned and independent distributor locations and more than 6,500 dealer locations in more than 190 countries and territories. It has four segments: Engine, Power Generation, Components and Distribution. In April 2011, the Company sold its exhaust business to Global Tube. In July 2012, the Company acquired the emission control assets of Hilite International in Marktheidenfeld. The Hilite assets are part of Cummins Emission Solution (CES).
Engine segment manufactures and markets a range of diesel and natural gas powered engines under the Cummins brand name, as well as certain customer brand names, for the heavy- and medium-duty truck, bus, recreational vehicle (RV), light-duty automotive, agricultural, construction, mining, marine, oil and gas, rail and governmental equipment markets. It offers a variety of engine products, including Engines with a displacement range of 1.4 to 91 liters and horsepower ranging from 31 to 3,500, and new parts and service, as well as remanufactured parts and engines, through its distribution network. The segment is organized by engine displacement size and serves end user markets, such as heavy-duty truck, medium-duty truck and bus, light-duty automotive and RV, and industrial.
The segment manufactures diesel engines that range from 310 to 620 horsepower serving global heavy-duty truck customers worldwide. It manufactures medium-duty diesel engines ranging from 200 to 380 horsepower serving medium-duty and inter-city delivery truck customers worldwide, with markets, including Latin America, North America, Europe and Asia. It also provides diesel or natural gas engines for school buses, transit buses and shuttle buses worldwide, with key markets including North America, Asia, Europe and Latin America. It manufactures 305 to 350 horsepower diesel engines for Chrysler's heavy-duty and chassis cab pickup trucks and 300 to 600 horsepower diesel engines for Class A motor homes, primarily in North America. It provides mid-range, heavy-duty and high-horsepower engines that range from 31 to 3,500 horsepower for a wide variety of equipment in the construction, agricultural, mining, rail, government, oil and gas, power generation and commercial and recreational marine applications throughout the world. Across these markets it has customers in North America, Europe/Middle East/Africa (EMEA), China, India, Southeast Asia, Latin America, Korea, Russia, Japan, Mexico and South Pacific.
The Company competes with International Truck and Engine Corporation (Engine Division), Detroit Diesel Corporation, Caterpillar Inc. (CAT), Volvo Powertrain, Weichai Power Co. Ltd., MAN Nutzfahrzeuge AG (MAN), Fiat Power Systems, GE Jenbacher, Tognum AG, Volvo, Yanmar Co., Ltd., GuangxiYuchai Group and Deutz AG.
Components Segment supplies products which complement Engine segment, including filtration products, turbochargers, aftertreatment systems, intake and exhaust systems and fuel systems for commercial diesel applications. It manufactures filtration and exhaust systems for on- and off-highway heavy-duty and mid-range equipment, and it is a supplier of filtration products for industrial and passenger car applications. In addition, it develops aftertreatment and exhaust systems.
The Company’s emission solutions business is engaged in designing, manufacturing and integrating exhaust aftertreatment technology and solutions for the commercial on-and off-highway medium-duty, heavy-duty and high-horsepower engine markets. Its emission solutions business develops and produces various emission solutions, including custom engineering systems and integrated controls, oxidation catalysts, particulate filters, oxides of nitrogen (NOx) reduction systems, such as selective catalytic reduction and NOx adsorbers and engineered components, such as dosers and sensors. Its emissions solutions business has operations in Indiana, Wisconsin, South Africa, the United Kingdom, China, Brazil and India and serves both OEM and engine first fit and retrofit customers.
The turbo technologies business designs, manufactures and markets turbochargers for light-duty, mid-range, heavy-duty and high-horsepower diesel markets with manufacturing facilities in five countries and sales and distribution worldwide. The emission solutions business is engaged in designing, manufacturing and integrating exhaust aftertreatment technology and solutions for the commercial on-and off-highway medium-duty, heavy-duty and high-horsepower engine markets. The fuel systems business designs and manufactures new and replacement fuel systems, for heavy-duty on-highway diesel engine applications and also remanufactures fuel systems and engine control modules.
The filtration business designs and manufactures filtration, coolant and chemical products. The filtration business offers over 7,000 products including air filters, fuel filters, fuel water separators, lube filters, hydraulic filters, coolant, diesel exhaust fluid/Adblue, fuel additives and other filtration systems to OEMs, dealers/distributors and end users. Cummins filtration supports a customer base in a range of markets including on-highway, off-highway, oil and gas, agriculture, marine, industrial and light-duty automotive.
Its fuel systems business designs and manufactures new and replacement fuel systems primarily for heavy-duty on-highway diesel engine applications and also remanufactures fuel systems and engine control modules. Scania and Komatsu are its fuel systems business' primary external customers.
The Company competes with Donaldson Company, Inc., Clarcor Inc., Mann+Hummel Group, Honeywell International, Borg-Warner, Robert Bosch GmbH, Tenneco Inc., Eberspacher Holding GmbH & Co. KG and Denso Corporation.
Power Generation Segment
Power Generation segment designs and manufactures components that make up power generation systems, including engines, controls, alternators, transfer switches and switchgear. This segment is a provider of power generation systems, components and services for a customer base and includes standby power solutions for customers who rely on uninterrupted sources of power to meet the needs of their customers, distributed generation power solutions for customers, and mobile power provides a secondary source of power (other than drivetrain power) for mobile applications. This segment is organized into commercial products, which manufactures generators for commercial applications ranging from 5 kilowatts to 2.75 megawatts; generator technologies, which manufactures and sells its alternator products internally, as well as to other generator set assemblers; commercial projects, which includes all of natural gas-fired generators business, power generation project business and military business; power electronics, which builds controls for generators in-house, and consumer, which manufactures and sells consumer products under the Cummins Onan brand name including diesel, natural gas, gasoline and alternative-fuel electrical generator sets for use in RVs, commercial vehicles, recreational marine applications and home stand-by or residential applications.
The Company competes with CAT, Tognum (MTU) and Kohler/SDMO (Kohler Group), FG Wilson (CAT group), Generac, Mitsubishi (MHI), Emerson Electric Co. and Marathon Electric.
The Distribution Segment Distribution segment consists of 22 company owned and 18 joint venture distributors that service and distributes the full range of the Company’s products and services to end-users at approximately 400 locations in approximately 70 distribution territories. These distributors are located in markets, including North America, Australia, Europe, the Middle East, India, China, Africa, Russia, Japan and Brazil. Asia Pacific and EMEA consist of six smaller regional distributor organizations (South Pacific, Greater Europe, the Middle East, China, India and Northeast/Southeast). The Distribution segment consists of businesses, which service and/or distribute a range of its products and services, such as parts and filtration, power generation, engines and service. North and Central America, consist of a network of partially-owned distributors. Internationally, its network consists of independent, partially owned and wholly owned distributors. Through this network, the Company provides parts and service to customers. These full-service solutions include maintenance contracts, engineering services and integrated products. Distribution segment is responsible for managing the performance and capabilities of independent distributors.
500 Jackson Street
COLUMBUS IN 47201