IPOs are generally underwritten by investment banks that arrange for the shares to be traded on a stock exchange. Headquartered in Columbus, Indiana (U.S.), since its founding in 1919, Cummins employs approximately 59,900 people committed to powering a more prosperous world through three global corporate responsibility priorities critical to healthy communities: education, environment and equality of opportunity. The information you are looking for is on
Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. (Reuters) - Cummins Inc CMI.N, a U.S. manufacturer of engines for large trucks, is preparing to explore the sale of a business that makes filters and coolants, potentially valuing it at more than. Products. Headquartered in Columbus, Indiana, (USA) Cummins employs Net income for the quarter ended July 4 rose to $600 million, or $4.10 per share, from $276 million, or $1.86 per share, a year earlier. Cummins Filtration (the "Company"), today a business unit of Cummins Inc. (NYSE: CMI), has reached an important milestone in establishing itself as a standalone company with the announcement of its new name: Atmus Filtration Technologies. Reasonable shipping cost. Client Location: United States Buyer: Industrial Opportunity Partners It is mandatory to procure user consent prior to running these cookies on your website. Mike Wolanin | The Republic A banner of J. Irwin Miller, former president and chairman of Cummins, is visible in a gathering space in the basement of the Cummins Corporate Office building in Columbus, Ind., pictured Tuesday, July 23, 2019. Our actual future results could differ materially from those projected in such forward-looking statements because of a number of factors, including, but not limited to: any adverse results of our internal review into our emissions certification process and compliance with emission standards; increased scrutiny from regulatory agencies, as well as unpredictability in the adoption, implementation and enforcement of emission standards around the world; changes in international, national and regional trade laws, regulations and policies; any adverse effects of the U.S. government's COVID-19 vaccine mandates; changes in taxation; global legal and ethical compliance costs and risks; increasingly stringent environmental laws and regulations; future bans or limitations on the use of diesel-powered products; raw material, transportation and labor price fluctuations and supply shortages; aligning our capacity and production with our demand; the actions of, and income from, joint ventures and other investees that we do not directly control; large truck manufacturers' and original equipment manufacturers' customers discontinuing outsourcing their engine supply needs or experiencing financial distress, bankruptcy or change in control; product recalls; variability in material and commodity costs; the development of new technologies that reduce demand for our current products and services; lower than expected acceptance of new or existing products or services; product liability claims; our sales mix of products; failure to complete, adverse results from or failure to realize the expected benefits of the separation of our filtration business; our plan to reposition our portfolio of product offerings through exploration of strategic acquisitions and divestitures and related uncertainties of entering such transactions; challenging markets for talent and ability to attract, develop and retain key personnel; climate change and global warming; exposure to potential security breaches or other disruptions to our information technology environment and data security; political, economic and other risks from operations in numerous countries including political, economic and social uncertainty and the evolving globalization of our business; competitor activity; increasing competition, including increased global competition among our customers in emerging markets; labor relations or work stoppages; foreign currency exchange rate changes; the performance of our pension plan assets and volatility of discount rates; the price and availability of energy; continued availability of financing, financial instruments and financial resources in the amounts, at the times and on the terms required to support our future business; and other risks detailed from time to time in our SEC filings, including particularly in the Risk Factors section of our 2021 Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Necessary cookies are absolutely essential for the website to function properly. Net sales rose $6.11 billion from $3.85 billion a year ago. 2023 Cummins Inc., Box 3005, Columbus, IN 47202-3005 U.S.A. September 9, 2011. He can be reached at 812-379-5712 or by email at, Cummins filtration files for stock offering, In love with the arts theme fits city bands associate director, Editorial: Racial wealth gap simulation can improve equity, Myers is newest member of Columbus Regional Health police department, Senators debate ban on inappropriate library materials for minors, bill would allow teachers and librarians to be criminally charged, Sheriff deputy arrests two on drug-related charges. in Evanston, Ill. Written by These cookies do not store any personal information. Cummins Filtration business, which specializes in providing a range of These operations are part of Visit www.cumminsfiltration.com to learn more or follow Cummins Filtration on YouTube at www.youtube.com/FleetguardFiltration. Businesses in Related Categories to Engines-Diesel-Fuel Injection Parts & Service. 2980 N. National Road, Suite A, Columbus, IN 47201, Main Switchboard: (812) 372-7811 coverage), https://www.businesswire.com/news/home/20220421005325/en/, Cummins Corporate Website -
Maintenance of your cooling system is crucial. However, you may visit Cookie Settings to provide a controlled consent. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. English. forward-looking statements within the meaning of the Private Securities Cummins filtration business offers more than 8,300 products, including air, fuel, lube and hydraulic filters, as well as fuel water separators, coolants and fuel additives. While Automotive Supply Chain Headaches Drag On, Buyers & Sellers Prepare for a Busy Year of Dealmaking in 2022, Webinar | Automotive Update 2022: Insights from the TMA Detroit Chapter. Average for the last 12 months. The companys products range from diesel, natural gas, electric and hybrid powertrains and powertrain-related components including filtration, aftertreatment, turbochargers, fuel systems, controls systems, air handling systems, automated transmissions, electric power generation systems, batteries, electrified power systems, hydrogen generation and fuel cell products. Columbus, Indiana-based Cummins said it was exploring options for its filteration unit, which had sales of about $1.2 billion in 2020. English. Cummins Filtration employs around 4,000 people worldwide, corporate spokesman Jon Mills said last year. He can be reached at 812-379-5712 or by email at, Cummins moves to separate its filtration business into standalone company, Today is final day to request absentee ballot application by mail for primary, Myers is newest member of Columbus Regional Health police department, Senators debate ban on inappropriate library materials for minors, bill would allow teachers and librarians to be criminally charged, Sheriff deputy arrests two on drug-related charges. Our Standards: The Thomson Reuters Trust Principles. but not limited to, general economic, business and financing conditions, Online - US, Buy Parts
growth strategy. Steph has been asked to step into increasingly challenging roles that are critical to Cummins continued success because of her business acumen and commitment to creating environments that foster and further our values both inside and outside of Cummins, said Jennifer Rumsey, President and Chief Operating Officer. agreement to sell its light duty filtration operations to Industrial See here for a complete list of exchanges and delays. 2. The number of shares to be offered and the price range for the offering have not yet been determined. Visit store Contact. engines used in gasoline applications, including in-tank fuel filters. Find many great new & used options and get the best deals for Cummins Filtration,Fleetguard Air Filt,Filter-Air AF26117 at the best online prices at eBay! Terms of the deal were not disclosed. cummins.com, National Overhaul Warranty (NOW coverage), Air
All quotes delayed a minimum of 15 minutes. Cummins leading Fleetguard branded filter products, based on the companys Stratapore meltblown nonwoven media, are sold in over 160 countries and available through thousands of distribution points worldwide. We also use third-party cookies that help us analyze and understand how you use this website. Cummins Inc. has taken a step forward in its plans to separate its filtration business into a standalone company. Documents Online, Cummins
You also have the option to opt-out of these cookies. Cummins Inc.Janet Williams, Director - Corporate Communications,317-610-2488 plans, said Joseph Saoud, President Cummins Filtration. 5.0 . Introduced in 2012, fuel filters with NanoNet technology have gained significant acceptance by customers on a global basis and anofibre technology is also employed in Cummins NanoForce air filters to ensure clean combustion air for on and off-highway engines. In 2021, then-Cummins Chairman and CEO Tom Linebarger told financial analysts that the company was exploring a range of options for the business unit, telling financial analysts that the business is doing great but we just think it can operate separately from us more effectively going forward.. Products. LT36055. Selling this part of our light duty filtration operations to a strong For further information about the use of cookies, please view our. Detailed seller ratings. For the complete story, see Fridays Republic. Nobody covers Columbus, Indiana and the surrounding areas like The Republic. The potential sale also comes after German industrial filter maker Mann + Hummel completed its acquisition of U.S. peer Affinia last May to boost its annual sales by $1 billion, or more than a third, and gain access to the U.S. market for heavy-duty and hydraulic filters. (Reuters) - Cummins Inc CMI.N, a U.S. manufacturer of engines for large trucks, is preparing to explore the sale of a business that makes filters and coolants, potentially valuing it at more than $1.5 billion, according to people familiar with the matter. The business was founded in 1958 as the Seymour Filter Co., and designs, manufactures and sells air, fuel, hydraulic and lube filtration, as well as chemical technology products for diesel and gas-powered equipment around the world, according to its website. handling, filtration, emission solutions and electrical power generation 1280 Main St. Brawley, CA 92227. COLUMBUS, Ind. The company believes the separation will create value for both companies by enabling enhanced focus on key strategic initiatives, continued innovation in core and new technologies for Cummins, and greater focus and operating flexibility for the Filtration business. Cummins is working with an investment bank to prepare to run an auction for its filtration business in the next two months, the sources said this week, requesting anonymity because the matter is confidential. Processing 50-100 gpm, the system cleans fuel with unmatched efficiency: 99% emulsified water removal per SAE J1488 The company's current name, Atmus Filtration Technologies, is. Its plans to separate its filtration business into a standalone company not limited to general! Complete list of exchanges and delays please view our Indiana-based Cummins said it was exploring options for its filteration,. People worldwide, corporate spokesman Jon Mills said last year delayed a minimum of 15.. 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