Cummins boom drives up demand for apartments
A hiring boom at engine maker Cummins and the economic recovery are leaving many people in search of apartments out in the cold in Columbus.
A hiring boom at engine maker Cummins and the economic recovery are leaving many people in search of apartments out in the cold in Columbus.
Cummins Emissions Solutions, which celebrated its 10-year anniversary last week, began with 11 employees within the Indiana-based company's filtration business. Today, the emissions group employs 1,400 people around the world, including 400 in Columbus.
The company said its new internal structure is to ensure that Cummins maintains high ethical standards as it grows throughout the world.
Columbus-based diesel engine maker Cummins Inc. reported record results for 2011, earning $1.85 billion on revenue of $18 billion.
Cummins has invested about $10 million in 70 projects in its Indiana facilities since 2007, leading to annual savings of $4 million.
An oasis of growth for some Hoosier manufacturers, China’s economy is headed for a slowdown. That affects both Indiana companies that have outposts in China, and the firms that export to the Asian powerhouse.
The manufacturer will invest $24 million over three years.
Work on the new engine is expected to start next year and build to full production in 2015. About 200 engineering and production jobs are expected to be added over that time.
Cummins Inc., 500 Jackson St., Columbus, Ind. 47202 (www.cummins.com) designs and manufactures diesel engines for automotive and industrial markets.
BorgWarner Inc., the world’s biggest maker of automatic-transmission parts for vehicles, filed a lawsuit accusing Cummins Inc. of infringing on three patents for a titanium wheel used in engine turbochargers.
Cummins Inc. reported a 60-percent increase in third-quarter profit as revenue soared 36 percent over the same quarter a year ago.
Columbus-based engine maker Cummins Inc. needs to add 7,000 engineers within five years, CEO Theodore Solso said Wednesday.
Cummins Chairman and CEO Tim Solso said Tuesday that 2011 would be a record year for the Columbus manufacturer.
Engine-maker Cummins Inc. said Thursday that it will sell its light-duty filtration operations to Industrial Opportunity Partners LLC, a private equity firm run by one of its executives.
U.S. truck makers are expected to improve tractor-trailer fuel economy by about 20 percent by 2018, saving $50 billion in fuel costs over five years and decreasing carbon-dioxide emissions, President Barack Obama said.
Cummins Inc.'s second-quarter profit more than doubled on a steep increase in sales and a gain on the sale of its exhaust business, the Columbus, Ind.-based engine maker said Tuesday.
Cummins Inc. says Tim Solso will retire as chairman and CEO at the end of the year. The 64-year-old Solso has led Cummins since 2000.
Cummins Inc. announced Friday that it plans to add 600 employees to work in a new $18 million office building the diesel engine maker will build in downtown Columbus.
The Columbus, Ind.-based engine maker reported first-quarter profit of $343 million amid continued strength in key international markets and a recovery in the North American truck market.
This fall, Indiana University-Purdue University at Columbus will roll out its first four-year mechanical engineering program.