U.S. Fortune 500 Cummins Power Wuhan plant was formally put into operation in the Wuhan Economic and Technological Development Zone. Steve Chapman, vice president of Cummins Group, spoke in fluent Chinese. He said: Thanks to Mr. Deng Xiaoping for the expansion of Cummins business in China and my personal progress.
After the completion of the Cummins Power Wuhan plant, the Cummins Group has reached 26 institutions in China, of which 15 are wholly-owned or joint venture companies, covering a full range of components such as parts, complete machines and generators. Hubei is the focus of Cummins' investment in China. Up to now, 6 enterprises have reached Hubei Province to form industrial clusters, of which Wuhan Economic and Technological Development Zone is the most important one.
Cummins was one of the earliest US companies committed to the development of the Chinese market. From 1975 to 1985, it had a turnover of approximately US$25 million in China; thereafter, its annual turnover was approximately US$200 million in 10 years; it exceeded US$1 billion in 2004. It reached US$2.3 billion, accounting for 11% of Cummins’ global sales.
Mr. Cao Side went to China and Southeast Asia to expand the market very early. He said: After Deng Xiaoping’s southern tour in 1992, the Chinese economy developed rapidly and Cummins’ business in China grew rapidly. “When I first came to China, I was an ordinary employee. After that, my business grew rapidly in China. I always admit that I am very competent. I would admit that I am awesome. In fact, I would like to thank Deng Xiaoping.†His fluent Chinese and humor won. applause.
View related topics: Cummins - world-class engine manufacturer
SICHUAN TELOS NEW MATERIAL TECHNOLOGY CO., LTD , https://www.sichuankenlarcutters.com