Guangxi Liugong Machinery Co., Ltd. and Cummins Inc. jointly announced that they will establish joint ventures in southern China to jointly produce medium-horsepower engines . The newly-built engine joint venture company will be located in Liuzhou and is expected to be put into production in 2013. The initial planned production capacity will reach 50,000 units, and will further increase production capacity in the future based on market demand.
According to the agreement, the two parties will jointly produce the international leading Cummins series of mid-horsepower engines, and fully realize localized production in China, while tailor-made to meet the specific needs of the construction machinery market power products to meet the needs of Liugong and other Chinese OEMs.
Previously, Cummins invested in the Huazhong Horsepower series of engines focused on the automotive market. The new investment project of the medium-horsepower engine for construction machinery is complementary to its engine production capacity in China and will better meet the needs of the automotive market outside of Cummins. Horsepower product demand. At present, Cummins Engine has been successfully supporting Liugong equipment, widely used in domestic and international markets.
Tom Linebarger, president and chief operating officer of Cummins, is confident of the joint venture. He said that "China has become the world's largest market for construction machinery, and its strong demand will continue to promote the Chinese market to maintain its upward momentum in the next few years." Zeng Guangan, vice chairman and president of Guangxi Liugong said, "The joint venture company will be the earliest in 2012. It will be put into operation in the beginning of the year, and parts and components of the engine will be installed first, which will help achieve a smooth transition to the production of the whole machine in 2013."
Founded in 1919, Cummins Corporation is headquartered in Columbus, Indiana, USA. It is a Fortune 500 company and was selected as the "World's Most Admired Enterprise" by Fortune 2011. It is the only diesel company on the list.
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