Hundreds of Million Dollars Continuously Cummins Locked Down on Wuhan as Investment Core
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After consecutively dropping the two core businesses of the East Asian engine R&D center and the fuel system company, Cummins Inc. of the United States did not stop at Hanbu point speed. Today, Cummins Power (China) Co., Ltd. officially put into operation in Wuhan Economic and Technological Development Zone, with an annual output of 6,000 generating sets and 30,000 generating sets of engine production capacity, with annual sales of up to 170 million US dollars.
After the completion of the three major business operations, Cummins invested a total of 91.1 million U.S. dollars in China. Cao Side, vice president of Cummins Group, revealed that this is Cummins's second largest concentration of investment in China. He believes that Wuhan is close to its core suppliers and convenient to Wuxi, Beijing and Chongqing. "There is Dongfeng Headquarters here. It is our important partner and the development of both parties is beneficial."
Cummins is a Fortune 500 company in the United States and a leading global power equipment manufacturer. With 26 organizations in China and sales of over US$2.3 billion in China last year, Cummins is the world’s largest and fastest growing overseas market.
At the end of last year, Cummins Power Company was established in China. At that time, the crisis of the financial crisis had started. Cummins had been controversial internally and delayed the progress of power projects. In the end, we are optimistic about the advantages of generating units and Wuhan's proximity to agents. The new plant will be completed on schedule. Cao Side said that with the adjustment of its global production and operation, China will be a key investment market, and Wuhan has been listed as one of its three core investment points.
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