On December 14th, Cummins (NYSE:CMI) and the organizer of the US Pavilion at the 2010 Shanghai World Expo jointly announced that Cummins officially became the official sponsor of the US Pavilion at the 2010 Shanghai World Expo, and fully supported the related work of the USA Pavilion at the World Expo.
The 2010 Shanghai World Expo will involve more than 190 countries. Shanghai hopes to create a pioneering example of sustainable urban life through this event. The Expo exhibition time will continue from May 1st to May 31st, 2010 and is expected to attract more than 70 million visitors from all over the world.
Cummins will participate in this event as an official sponsor of the US Pavilion. Pursuant to the agreement reached by Cummings and the American Pavilion organizers, Cummins will work with the organizers to promote the theme concept of the American Pavilion and receive guests and customers at the show site.
“ Cummins is proud to be part of the American Pavilion team,†said Steve Chapman, vice president of the Cummins Group and head of China and Russia. “The Shanghai World Expo and the US Pavilion promote sustainable development of the environment and use technology to improve people’s lives.†Idea, which is consistent with Cummins' vision, is to build a better life with clean energy."
“We very much welcome and thank Cummins for its support of the US Pavilion,†said Ellen Eliasoph, co-founder of the US Pavilion. “As a company with a solid commitment to China’s development, Cummins is working hard with its Chinese partners and customers to promote cleanliness in the transportation sector. Power Solutions, with practical actions to support the theme of 'Better City, Better Life.' We are proud that Cummins can choose the US Pavilion to become the focus of the Chinese market!"
“We very much welcome Cummins to be the sponsor of the US Pavilion at the Shanghai World Expo next year,†said American Beatrice Camp of Shanghai . “The Shanghai World Expo provides a rare opportunity for US leaders like Cummins to reach 70 million from the world. Spectators from all over the world demonstrated their commitment to the environment."
This is the first time that China has hosted the World Expo. The US Pavilion covers an area of ​​about 6,000 square meters and is one of the largest national pavilions. It will focus on displaying American culture, values, and business activities in China in the most dynamic cities in China. It will also celebrate the friendship and cooperation between China and the United States.
Cummins in China
The history of Cummings and China dates back more than half a century to the 1940s. On March 11, 1941, the President of the United States Franklin Roosevelt signed the "Lending Act" to provide wartime assistance to 38 countries including China. The "Lending Act" includes military defense patrol boats equipped with Cummins engines and military trucks.
At the end of 1944, a Chongqing company sent a letter to Cummins Corp. seeking to establish commercial ties and conduct localized production of Cummins engines in China. Irvine Miller, general manager of Cummins Engine Co., expressed great interest in this letter in his reply. It is hoped that Cummins will build a factory in China after the Sino-Japanese War. For reasons known to all, Mr. Miller's idea can only wait until the 1970s 30 years later. With the gradual relaxation of Sino-U.S. relations, it is expected to become a reality.
Cummins invests US$310 million in China. As the largest foreign investor in China’s diesel industry, Cummins’ business relationship with China began in 1975, when Mr Cummins’s chairman, Irvine Miller, visited Beijing for the first time. One of the earliest US entrepreneurs to seek commercial cooperation in China. When China and the United States established diplomatic relations in 1979, China’s opening to the outside world began. The first Cummins China office was established in Beijing.
Cummins was one of the earliest western diesel engine companies to produce engines in China. In 1981, Cummins started to produce engines in the Chongqing engine plant. In 1995, Cummins' first Chinese joint venture engine factory was established. So far, Cummins has a total of 26 organizations in China, including 15 wholly-owned and joint ventures, and employs more than 7,000 employees. They produce engines, generator sets, alternators, filtration systems, turbocharging systems, and exhaust systems. Post-processing and fuel systems and other products have a service network of 12 regional service centers and more than 300 authorized dealers.