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CUMMINS MIDSOUTH history
CUMMINS MIDSOUTH company history timeline
The company's founder and the man who adapted Rudolf Diesel's engine design for mobile use was Clessie L. Cummins, the chauffeur of a 1909 Packard touring car owned by Will G. Irwin, a wealthy industrialist and philanthropist in Columbus, Indiana.
In 1917, Cummins began making wagon hubcaps for the United States Army, while reading news about Germany's diesel-powered U-boats.
3, 1919, in Columbus, Indiana (USA), the company would forever change the trajectory of diesel innovation.
On May 21, 1937, J. Irwin Miller stands before workers to support their right to unionize but oppose an effort by a national union.
In 1937 the young company turned its first profit.
On May 21, 1937, J. Irwin Miller stands before workers to support their right to unionize but oppose an effort by a national union. It would become known as the Diesel Workers Union (DWU) on April 21, 1938.
Sales in 1946 hit $20 million; a decade later they reached more than $100 million.
1952: Turbo-diesel is unveiled.
On the forefront of marketing and design, Cummins’ 1952 annual report expresses the advantages of its new company trademark: “In order to obtain maximum product identity, this modern trademark has been developed.
The heavy truck market appeared to be saturated by 1960, however.
Three years later, the Foundation makes its first grant to support architecture fees for the Lillian C. Schmitt Elementary School (pictured), as part of the Architecture Program, which became a formal part of the Foundation in 1960.
A new line of engines with more than 300 horsepower, introduced by the company in 1962, failed to gain a dominant market share for more than two years.
In 1964, the Cummins ticker symbol would appear on the New York Stock Exchange for the first time (as pictured).
By 1967 Cummins's share of the crucial heavy-truck market had slipped to less than 45 percent.
A strong truck market helped sales rebound in 1968, reaching a record of $365 million.
The new engines did not sell very well at first, as the truck market in 1975 slumped 40 percent.
In 1986 the company entered a period of continuous, comprehensive restructuring that embraced every aspect of the business.
In 1990, Schacht convinced Ford Motor Co., Tenneco Inc., and Kubota Ltd. to invest a combined total of $250 million in a 27 percent stake in Cummins.
In 1992, the Business Enterprise Trust recognized Miller's magnanimity and philanthropy when it awarded him its Lifetime Achievement Award.
The remainder is acquired in 1992, making it a fully owned subsidiary for power systems.
He identified with the values, the people and the business challenges so much, he chose to join the company full-time in 1993.
In 1994, after seeing the company through one of its most difficult periods, Schacht announced that he was stepping down as CEO. That year--Cummins's 75th in business--the company achieved record sales of $4.74 billion and, perhaps more important, record profits of $252.9 million.
Demonstrating its long history of powering the recreational vehicle (RV) market, Cummins shipped its one millionth RV generator set in October of 1995.
The company developed SmartPower in 1995.
A $20 million, 50,000-square-foot engine testing facility was completed in 1996.
The ISV5.0 engine makes its debut in the heavy-duty Nissan Titan pickup truck after initially being developed for the light-duty RAM as part of a United States Department of Energy demonstration program in 1996.
The first Interact System engines using SmartPower were released in April 1997.
In October 1998, the seven largest makers of heavy diesel engines, including Cummins, agreed to pay the Environmental Protection Agency (EPA) $1 billion to settle a suit claiming the group used computerized timing devices to evade emissions tests.
1998: Cummins loses $21 million in truck industry's best year yet.
Cummins's engine shipments for the heavy-duty truck market fell by more than 50 percent in 2000.
At the end of 2000, Cummins announced plans to cut 350 jobs from its diesel engine unit while 'fundamentally rethinking' its role in the market.
Once the company's sole raison d'etre, this sector accounted for only 16 percent of revenues in 2000.
Officially adopted in 2006, EEEC enables employees at least four hours of company time per year to volunteer toward local projects.
With the introduction of more than 1,000 diesel-electric hybrid buses in North America, 2006 is a breakthrough year for Cummins.
After being promoted to President and Chief Operating Officer in 2009, Tom Linebarger is named Chief Executive Officer.
Originally launched in 2013, these models are quiet, fuel efficient and easy to install.
The combination of the Power Generation and High Horsepower engine markets formed the Power Systems operating segment in 2016.
Cummins was able to give $21.1 million back to our communities in 2018.
In 2018, Cummins celebrated a milestone of 25,000 AMMPS units manufactured at the Fridley, Minnesota (USA) plant.
February 6, 2019, Cummins marks its 100 year anniversary by turning challenges into opportunities.
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CUMMINS MIDSOUTH may also be known as or be related to CUMMINS MIDSOUTH, Cummins Mid South and Cummins Mid-South LLC.